People | Dec 22, 2020 SVPGlobal names Sujan Patel as head of real estate by Released Strategic Value Partners (SVPGlobal), a global investment firm focused on distressed debt and private equity opportunities with approximately $10 billion in assets under management, has announced Sujan Patel has joined the firm as head of real estate.
Transactions | Dec 22, 2020 Lowe acquires Miramonte Resort & Spa in Indian Wells, Calif. by Released Lowe has acquired the 215-room Miramonte Resort & Spa prominently located on Highway 111 in Indian Wells, Calif.
Transactions | Dec 22, 2020 Equity Residential sells large San Diego asset for $312.5m by Released Equity Residential has sold Vantage Pointe, a 679-unit apartment property located in downtown San Diego, for a sale price of approximately $312.5 million.
Transactions | Dec 22, 2020 Hudson Pacific Properties and CPP Investments complete $625m Seattle acquisition by Released Hudson Pacific Properties and the Canada Pension Plan Investment Board (CPP Investments) have completed their previously announced acquisition of 1918 Eighth Ave.
Transactions | Dec 22, 2020 IGIS Asset, Hana buy $390m U.S. Amazon logistics portfolio by Andrea Zander South Korea–based IGIS Asset Management Co. and Hana Financial Investment Co. have jointly acquired three pre-completed logistics centers in the United States for $390 million.
Transactions | Dec 22, 2020 Mapletree Logistics Trust acquires Hiroshima, Japan, logistics asset by Released Mapletree Logistics Trust (MLT) has acquired Higashi Hiroshima Centre in Hiroshima, Japan.
Investors | Dec 22, 2020 BentallGreenOak signs data center partnership with Bulk Infrastructure by Kali Persall Bulk Infrastructure Holding, a data center, fiber network developer and operator, and logistics real estate developer in the Nordic region, has partnered with real estate investment manager BentallGreenOak (BGO).
Transactions | Dec 22, 2020 AEW acquires Roots logistics portfolio on behalf of German separate account by Andrea Zander AEW has acquired a portfolio of 14 logistics assets in Germany, known as the Roots portfolio, through the acquisition of a fund managed by PATRIZIA and Garbe.
Transactions | Dec 22, 2020 Skanska divests interest in Seattle office for $669m by Andrea Zander Skanska has divested a 95 percent interest in the 2+U office property in Seattle for approximately $669 million to South Korean financial group Hana Alternative Asset Management, alongside Hana Financial Group.
Transactions | Dec 22, 2020 Charter Hall pays $385m for David Jones flagship Sydney CBD store by Released A consortia of Charter Hall–managed funds/partnerships has exchanged contracts to purchase the David Jones flagship Elizabeth Street store, located at 86–108 Castlereagh St. in Sydney, for a purchase price of A$510 million ($385 million).
Investors | Dec 22, 2020 NPS, Russell Investments partner on $1b global listed real estate mandate by Andrea Zander Russell Investments, a global investment solutions partner, has announced that South Korea’s National Pension Service (NPS) has partnered with the firm for a $1 billion global listed real estate mandate. This is the second global real estate securities mandate awarded by NPS to Russell Investments as part of their longstanding relationship.
Investors | Dec 22, 2020 GIC and ESR establish $750m Indian industrial/logistics JV by Andrea Zander GIC, Singapore’s sovereign wealth fund, and ESR Cayman, have formed an 80-20 strategic partnership to establish a $750 million joint venture to develop and acquire industrial and logistics assets in India.
Transactions | Dec 21, 2020 Monterey County 891-acre ultra-luxury residential project green lit by Released The board of supervisors of Monterey County, California held a hearing on the final approval of the ultra-luxury residential project, ONE Carmel.
Investors | Dec 21, 2020 Cottonwood launches $200m investment platform for real estate projects by Andrea Zander Cottonwood Management and BCEG International Investment-US have teamed up to create a $200 million investment platform for real estate opportunities in the United States.
Fundraising | Dec 21, 2020 New U.K. student accommodation fund closes on $81m by Kali Persall Sun Capital Assets, a wholly owned subsidiary of Metro Holdings, has launched a purpose-built student accommodation fund in the United Kingdom.
Research | Dec 21, 2020 Retail lending remains active with insurance companies and local banks by Released Various coronavirus stay-at-home orders affected retail investment sales transactions in the early days of the pandemic, but insurance companies and local bank lenders kept capital at the ready for deployment into retail.
Fundraising | Dec 21, 2020 Savanna Real Estate Fund V raises $50m by Kali Persall Savanna Real Estate Fund V, a value-add real estate fund managed by Savanna Partners, has collected $49.9 million.
Fundraising | Dec 21, 2020 Ares Real Estate Enhanced Income Fund hits $1b by Kali Persall Ares Management Corp. has collected more than $1 billion for its Real Estate Enhanced Income Fund.
Fundraising | Dec 21, 2020 Alpine Grove Partners closes €1.7b recapitalization through fund formation by Released Alpine Grove Partners has closed on a €1.7 billion ($2 billion) recapitalization through the single-asset spin out of Aurelis Real Estate GmbH & Co. into a newly formed continuation vehicle.
Transactions | Dec 21, 2020 Greystar expands BTR exposure to Australia by Andrea Zander Singapore-based Chip Eng Seng’s wholly owned subsidiary, CES Gladstone, has plans to sell a property site in South Melbourne, Australia.
