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.
Transactions | Jun 28, 2021 Monarch Alternative Capital pays $360m for 10 U.S. hotels by Andrea Zander Monarch Alternative Capital has acquired 10 full-service hospitality real estate assets located in four states in the United States for a total consideration of $360 million.
Investors | Jun 28, 2021 Kennedy Wilson launches $1.5b multifamily JV by Kali Persall Kennedy Wilson has launched a $1.5 billion joint venture with an unnamed global institutional investor to acquire and manage core-plus multifamily communities in the Western United States.
Investors | Jun 28, 2021 Fortwell Capital to invest €300m into Ireland by Released Fortwell Capital (Fortwell), a lender to investors and developers in the European Real Estate sector, has launched a major initiative to support development activities in the Republic of Ireland.
Investors | Jun 28, 2021 New Mexico SIC invests in AXA European Life Sciences Strategy by Kali Persall The New Mexico State Investment Council (SIC) has approved a commitment of up to €50 million ($60 million) to AXA European Life Sciences Strategy.
