Newsline

CRG has sold two speculative industrial facilities in East Greenwich, N.J., for $107.74 million.

Karsten Kallevig will join Prologis as managing director, global strategic capital.

KKR has formed Strategic Lease Partners (SLP), a new platform to invest in a diversified portfolio of triple-net lease (NNN) real estate.

Union Investment has acquired blocks A and B of the Parkgate Business Centre in Dublin from real estate funds managed by Blackstone.

Harrison Street has completed a first closing of its first dedicated fund in Canada, a year after the firm opened its first office in the region.

At this time last year, readers of this publication were marveling at the fundraising total recorded during the second quarter 2020; 37 funds registered final closings totaling $45.3 billion, the fourth-highest quarterly total ever recorded in this 15-year data series.

Barings has agreed to the sale of a 188,000-square-meter (2 million-square-foot) portfolio of pan-European logistics assets.

Swedish pension fund Andra AP-fonden (AP2) has recorded a 10.2 percent return, after costs, for the first half of 2021.

Edmond de Rothschild Real Estate Investment Management (REIM) has acquired a prime waterfront site in Gateshead for a £50 million (€58 million/$69 million) build-to-rent development.

The New Mexico State Investment Council (SIC) has unanimously approved the full redemption of its investment.

KLP, Norway’s largest pension company, has achieved a NOK $7.2 billion ($811 million) return for the first half of the year.

Cedar Street Companies, a vertically integrated real estate investment, development and management platform, and private equity real estate investment manager Quartz Lake Capital have formed a strategic joint venture to invest in infill multifamily development opportunities.

New World China Land has successfully secured an important old city redevelopment project for Nanji Village, in Guangzhou’s Haizhu District.

David “Mac” McWhorter, executer director at iREOC, with Nick Russell, head of investor account management at Juniper Square, hosted the webinar “The Future of Institutional Reporting” on Aug. 19.

Rewind nine years. The 2012 Montague Report is commissioned by the U.K. government to review institutional investment into the build-to-rent (BTR) or private rental sector (PRS) and find out why investors remain wary.

AIA Group has formed a strategic partnership with GLP to invest in the global logistics real estate industry and related opportunities.

Direct real estate offers a superior hedge to inflation, compared with REITs, stocks, bonds and some alternative investments, while still delivering strong returns, according to a sponsored report titled Direct real estate and inflation by Jay Johnston, senior associate, research, of USAA Real Estate.

Institutional investors are asking more from their managers in terms of ESG — not just whether they have an ESG policy, but how it is being implemented and measured, throughout the portfolio.

In the United States, alternative assets accounted for more than 43 percent of the real estate invested stock in 2020. European institutional real estate portfolios are heading the same direction, becoming more diversified with the addition of alternatives, such as cell towers, data centers, healthcare and alternative living.

With negative- and low-interest rates around the world and the influx of central-bank capital flowing into the marketplace as a response to the pandemic, investing in real estate debt may be more compelling for a short-term investor, while equity might be the better choice for investors with a 10- to 15-year investment horizon.