Transactions | Aug 12, 2021 Palmira makes next acquisition for ECLF Fund with purchase of Dutch logistics hub by Released Palmira Capital Partners has acquired a further property for the European Core Logistics Fund (ECLF).
Fundraising | Aug 12, 2021 Platform Ventures collects more than $119m for real estate strategies fund by Kali Persall Platform Ventures has raised more than $119 million for its Platform Ventures Real Estate Strategies V fund.
Investors | Aug 12, 2021 VRS ends fiscal year at a record $101.8b by Kali Persall The Virginia Retirement System (VRS) has reported a 27.5 percent return on its investment portfolio for fiscal year 2021, finishing the year with $101.8 billion and exceeding the $100 billion mark for the first time ever.
Research | Aug 12, 2021 Traveling to decrease, hotel CEOs remain optimistic by Andrea Zander The pent-up demand from U.S. travelers, as well as the easing of travel and other restrictions, has allowed for renewed interest in travel and tourism, with families embarking on long-delayed trips, and businesses scheduling in-person meetings again.
People | Aug 12, 2021 DWS appoints Aleksandra Njagulj as global head of ESG for real estate by Released DWS has appointed Aleksandra (Sasha) Njagulj as global head of ESG for real estate.
Investors | Aug 12, 2021 Property companies should be targeting net-zero carbon emissions by 2030 by Marek Handzel It should be possible for most listed real estate businesses to hit a net-zero carbon emissions target by 2030.
Research | Aug 12, 2021 U.S. commercial real estate investment recovering rapidly by Released Robust economic recovery and vaccinations have greatly restored investor confidence.
Transactions | Aug 12, 2021 Manulife Investment Management acquires U.S. timberlands for impact-first investment by Released Hancock Natural Resource Group, a Manulife Investment Management company, has acquired 89,800 acres of timberland in Maine.Â
Research | Aug 12, 2021 France tops European office investment by Andrea Zander France (€3.6 billion/$4.22 billion) superseded Germany (€2.9 billion/$3.4 billion) as largest recipient of European office investment in first quarter 2021, with United Kingdom in third position (€2 billion/$2.35 billion), reported Knight Frank.
Research | Aug 12, 2021 REITs rise 4.8% July, led by residential sector by Loretta Clodfelter U.S. REITs advanced 4.8 percent in July, according to the FTSE Nareit Equity REITs Index.
Fundraising | Aug 11, 2021 Alabama developer closes second multifamily investment fund by Kali Persall StoneRiver Investment Fund II, a multifamily real estate fund managed by Alabama multifamily real estate investor, developer and operator StoneRiver Co., has achieved its final closing.
People | Aug 11, 2021 CIO of District of Columbia Retirement Board departs, interim replacement named by Kali Persall Mark Spindel, CIO of the $10.8 billion District of Columbia Retirement Board (DCRB), left his post on July 30 after less than a year with the pension fund.
Investors | Aug 11, 2021 Chicago Teachers’ Pension Fund reports highest fiscal year return ever by Kali Persall The $13.1 billion Chicago Teachers’ Pension Fund (CTPF) has posted a record-setting 28.68 percent net return on investments.
Transactions | Aug 11, 2021 Cresset Real Estate Partners and Clarius Partners to develop 1.7msf logistics project in Arizona by Released Cresset Real Estate Partners and Clarius Partners have closed on the land acquisition for 303 Crossroads, a 1,758,410-square-foot logistics development in Glendale, Ariz.
Transactions | Aug 11, 2021 Heimstaden Bostad buys Danish portfolio for €295m by Andrea Zander Heimstaden Bostad AB has strengthened its presence in Denmark through a SEK 3.5 billion (€295 million/$346 million) acquisition of 1,473 homes in several attractive locations.
Transactions | Aug 11, 2021 Akropolis Group buys shopping center in Latvia by Released Akropolis Group has signed a deal with AMD Holding to acquire 100 percent of the shareholding in Latvian company Delta Property.
Investors | Aug 11, 2021 Montana Board of Investments invests in Centerbridge, Sterling real estate funds by Kali Persall The Montana Board of Investments has committed $100 million to two real estate funds, according to a recent board document.
Transactions | Aug 11, 2021 JLL Income Property Trust invests in $1.2b single-family rental portfolio by Andrea Zander JLL Income Property Trust has acquired an approximately 47 percent interest in a stabilized, core, geographically diverse single-family rental portfolio.
Investors | Aug 11, 2021 Korean department store operator to invest $866m in department stores by Andrea Zander South Korea’s second-largest department store operator Shinsegae Group will invest 1 trillion won ($866 million) in local department stores.
Transactions | Aug 11, 2021 Derwent acquires two London offices for €253m by Andrea Zander Derwent London has exchanged contracts to acquire two properties in London’s Knowledge Quarter.
