Opportunities for investors in Australian nondiscretionary retail by Peter Mitchell The nondiscretionary retail space in Australia is an exception to the general gloomy sentiment directed at the retail sector.
Transactions | Jul 17, 2020 GORE takes over German office property portfolio from PREOS for €200m by Andrea Zander GORE German Office Real Estate AG has acquired a real estate portfolio consisting of 12 office properties with individual market values of up to €19.2 million ($21.9 million) from PREOS Real Estate AG.
Fundraising | Jul 17, 2020 Blackstone’s Strategic Partners Real Estate VII hits $1.9b in final close by Kali Persall Blackstone’s secondary and fund solutions business, Strategic Partners, has raised $1.9 billion in a final close for its Strategic Partners Real Estate VII and related committed program vehicles.
Investors | Jul 17, 2020 Radisson signs 15 new hotels across EMEA in Q2 2020 by Released Radisson Hotel Group has announced 15 new hotel signings across EMEA in second quarter 2020.
Fundraising | Jul 17, 2020 Castleforge Partners raises $339m for third value-add fund by Kali Persall Castleforge Partners, a London-based private equity real estate investment firm, has completed a final close of Castleforge Partners III with £270 million ($339 million) in capital commitments.
Transactions | Jul 17, 2020 Real I.S. acquires Dublin apartment block by Kali Persall Real I.S. has purchased an apartment block in Dublin from Irish property developer Marlet Property Group, according to several news reports.
Fundraising | Jul 17, 2020 Front Street Capital holds final close for real estate fund by Kali Persall Front Street Capital, a full-service development, asset management, and private equity real estate company based in Winston-Salem, N.C., has raised $40 million for its Front Street Properties Fund II, surpassing the fund’s target by $5 million.
Research | Jul 17, 2020 Asia Pacific real estate investment activity registers significant COVID-19 impact in first half 2020 by Released The full impact of the COVID-19 pandemic was felt deeper in Asia Pacific real estate markets in second quarter 2020 than the previous quarter, contributing to investment volumes and rental prices declining across most major commercial asset classes in the first half of the year.
Research | Jul 17, 2020 Chinese property market recovery gains momentum by Released China’s GDP returned to growth in second quarter 2020, registering a gain of 3.2 percent year-over-year after contracting by –6.8 percent in first quarter 2020 following the onset of the COVID-19 pandemic.
Research | Jul 17, 2020 Nuveen releases Asia Pacific recovery perspective by Released Nuveen Real Estate has released its post-COVID-19 recovery perspective report. The report also highlights insights around sector sensitivity from the economic recession, different scenarios and real estate implications.
Research | Jul 17, 2020 Asia Pacific property investing in the medium term by Jennifer Molloy “The COVID-19 pandemic has accentuated the need for businesses to increase operational resilience and adapt faster to structural trends, particularly as economic uncertainties linger,” states M&G Real Estate’s APAC Real Estate Outlook, released July 17.
Research | Jul 17, 2020 London companies search for larger offices with better bicycle storage by Marek Handzel Many companies based in London are looking for larger office spaces with facilities for extra parking and bicycle storage.
Transactions | Jul 17, 2020 Amazon plans fulfillment center in Texas by Released Amazon has plans to open a new fulfillment center in the city of Pflugerville, Texas.
Transactions | Jul 17, 2020 Pacific Waterfront proposes $383m redevelopment of San Francisco’s Piers 38 and 40 by Andrea Zander San Francisco Port Commission has plans to select Pacific Waterfront Partners’ proposed $383 million redevelopment of San Francisco’s Piers 38 and 40 in South Beach, reported local media outlets.
Transactions | Jul 16, 2020 Seattle high-rise sells for $320m by Andrea Zander Holland Partners and North America Sekisui House have finalized Seattle’s largest multifamily transaction of the year with the $320 million disposition of the 461-unit Kiara.
People | Jul 16, 2020 J.P. Morgan taps industry veteran for new portfolio strategy role by Kali Persall J.P. Morgan Asset Management has appointed Jared Gross to the newly created role of head of institutional portfolio strategy. He will report to Keith Cahill, head of North America institutional at J.P. Morgan.
Transactions | Jul 16, 2020 ESR-REIT and Sabana REIT propose $3b merger by Andrea Zander Singapore-based ESR-REIT has agreed to buy Sabana Shari’ah Compliant Industrial REIT in a deal that will create the country's fifth-largest industrial real estate investment trust by assets.
Investors | Jul 16, 2020 Despite downturn, CalPERS clocks 4.7% net return on investments by Kali Persall The $386 billion California Public Employees’ Retirement System (CalPERS) has reported a preliminary 4.7 percent net return on investments for the 12-month period ending June 30, the pension fund said this week.
Research | Jul 16, 2020 Germany’s real estate holds ground despite COVID-19 crisis by Released Investments of €41.8 billion ($47.79 billion) were channeled into the German real estate investment market in the first half of 2020.
Fundraising | Jul 16, 2020 Brookfield holds €725m first close for first core-plus European real estate fund by Kali Persall Brookfield Asset Management has completed the initial closing of its first European core-plus real estate fund.
