Investing in Japan now and post-pandemic by Jennifer Molloy Japan’s property markets have long been a safe haven for institutional investors interested in exposure to the Asia Pacific region, but no market has been left unscathed by the pandemic.
Remembering Larry Hull by Geoffrey Dohrmann I first met Larry Hull 37 years ago, at a State Association of County Retirement Systems conference in Bakersfield, California.
People | Jun 30, 2021 Ronny Pecik resigns as Immofinanz CEO by Andrea Zander Ronny Pecik has resigned as the CEO of Immofinanz after selling his stake in the Austrian real estate company to Eurovea services.
Transactions | Jun 29, 2021 LatAm Logistic Properties starts development of logistic buildings in Costa Rica by Released LatAm Logistic Properties has started the construction of two logistic buildings.
Transactions | Jun 29, 2021 Blackstone agrees to buy U.K. grocer’s $2.4b warehouse network by Andrea Zander Blackstone Group has agreed to buy the warehouse properties of U.K. grocer Asda for about £1.7 billion (€2.0 billion/$2.4 billion), according to media outlets.
People | Jun 29, 2021 Illinois TRS promotes long-time CIO to executive director by Kali Persall R. Stanley Rupnik, an 18-year veteran of the Teachers’ Retirement System (TRS) of the State of Illinois, has been appointed as its new executive director, following a nationwide search for a new leader.
Investors | Jun 29, 2021 Q&A: U.S. REITs positioned to perform well versus general equities by Loretta Clodfelter Three factors are affecting the U.S. REIT market — reopening, reflation and reversion — that are positioning the segment to perform well in comparison to the broader stock market, according to Daniel Cooney, executive director and portfolio manager for PGIM Real Estate’s Global Real Estate Securities business. In a conversation with IREI, he elaborates on what those trends mean for REITs, as well as the signals public markets have for private real estate investment and which property types are showing promise.
Transactions | Jun 29, 2021 Catella Wohnen Europa Fund acquires four affordable residential assets in Germany for €125m by Released Catella Residential Investment Management GmbH (CRIM) and Munich-headquartered Catella Real Estate AG (CREAG) have acquired four residential properties.
Transactions | Jun 29, 2021 Kennedy Wilson acquires prime London office for $252m by Andrea Zander Kennedy Wilson has acquired One Embassy Gardens for $252 million.
Transactions | Jun 29, 2021 Nuveen Real Estate acquires office property in Paris by Released Nuveen Real Estate has acquired an office building on rue Jobbé Duval in Paris.
Transactions | Jun 29, 2021 KGAL enters Spanish real estate market by Released KGAL Investment Management GmbH & Co. has entered the Spanish real estate market.
Transactions | Jun 29, 2021 Warburg-HIH Deutschland Logistik Invest fully Invests with €470m by Released Warburg-HIH Invest Real Estate GmbH has completed the portfolio construction of its Warburg-HIH Deutschland Logistik Invest institutional fund by acquiring three logistics properties from Goodman Group that are DGNB-certified as green buildings and occupied on long-term leases.
Transactions | Jun 28, 2021 SL Green completes $3b refinancing of One Vanderbilt Avenue by Released SL Green Realty Corp. has closed a $3 billion, 10-year, fixed-rate financing of One Vanderbilt Avenue, the skyline-defining tower in the heart of New York City’s East Midtown.
People | Jun 28, 2021 Cromwell Property Group promotes head of Central and Eastern Europe by Released Cromwell Property Group has promoted Justyna Filipczak to the role of head of Central and Eastern Europe (CEE).
Investors | Jun 28, 2021 NREP to invest €500m in Poland by Andrea Zander NREP has plans to invest €500 million in Poland by year-end.
Transactions | Jun 28, 2021 Nuveen pays $110m for apartment community in Maryland by Released Nuveen Real Estate has paid $110 million for Mallory Square.
People | Jun 28, 2021 CBRE GI hires Sondra Wenger as head of Americas commercial operator division by Released CBRE Global Investors has hired Sondra Wenger.
Transactions | Jun 28, 2021 Office Properties Income Trust makes two class A acquisitions totaling $550m by Andrea Zander Office Properties Income Trust (OPI) has completed the acquisition of two class A office properties for a total of $550 million.
Investors | Jun 28, 2021 Alaska Retirement Management Board allocates $50m to Almanac IX by Kali Persall Alaska Retirement Management Board has committed $50 million to Almanac IX, according to recent board meeting materials.
Transactions | Jun 28, 2021 Chancerygate and Hines JV agrees to sell five-asset U.K. portfolio to Northwood Investors by Released A joint venture between Chancerygate and Hines has agreed to forward sell a 608,000-square-foot, five-asset portfolio.
