Investors | Jul 28, 2020 GIC continues to deliver resilient long-term returns and remains cautious in a volatile investment environment by Released Singapore-based GIC saw its investment portfolio achieve an annualized U.S. dollar nominal rate of return of 4.6 percent over the 20-year period that ended March 31, 2020.
Research | Jul 28, 2020 Investors recharging activity, with more than $9b of multifamily offerings coming to market by Released The coronavirus pandemic introduced a 90-day lull in new property offerings in the United States, but investors are ready to shift their capital off the sidelines and back into purchasing commercial real estate assets again.
Transactions | Jul 28, 2020 CapitaLand starts building 23-acre IT park in India by Released CapitaLand has begun construction of its first phase of a 23.3-acre IT park in Chennai, India.
Transactions | Jul 28, 2020 Hong Kong developer CK Asset sells Chengdu development project for $1b by Andrea Zander CK Asset had sold a residential and commercial development project, Chengdu Le Parc, in Chengdu, China, for approximately $1.02 billion.
Research | Jul 28, 2020 Retail investment in Spain to reach €2b, exceeding 2019 volumes by Released Retail investment volumes for 2020 are expected to exceed those of 2019, despite COVID-19, a new report from Savills Aguirre Newman suggests.
Transactions | Jul 28, 2020 Capitol Broadcasting, Hines and USAA Real Estate to develop mixed-use project by Released Capitol Broadcasting (CBC), Hines and USAA Real Estate have closed on a joint venture to develop a 700,000-square-foot mixed-use project on 11 acres bordering the west side of the bustling American Tobacco Campus (ATC) in Durham, N.C.
Investors | Jul 28, 2020 Korean pension fund to buy assets in Europe and China by Andrea Zander Korea Investment Corp., South Korea’s $157 billion sovereign wealth fund, is seeking to buy commercial properties in Europe and China.
Research | Jul 28, 2020 Timberland index slightly down in second quarter by Released The National Council of Real Estate Investment Fiduciaries Timberland Index returned 0.08 percent for the second quarter.
Research | Jul 28, 2020 Farmland reflects stable asset valuations in second quarter by Andrea Zander The National Council of Real Estate Investment Fiduciaries Farmland Index reported a total return for the second quarter of 0.61 percent, up from –0.10 percent the previous quarter, but down from 0.73 percent in the second quarter of 2019.
Fundraising | Jul 28, 2020 True North launches U.K. green fund by Released True North Real Estate Partners (TNREP) has launched its first fund, focusing on positive environmental impact through re-forestation.
Fundraising | Jul 27, 2020 Foresight launches new sustainable real estate investment fund by Andrea Zander Foresight Capital Management (FCM), part of Foresight Group, has launched the FP Foresight Sustainable Real Estate Securities Fund.
Fundraising | Jul 27, 2020 Azora launches new European leisure hotel fund with €680m in initial commitments by Andrea Zander Azora has raised €680 million ($799 million) for the launch of a new fund.
Transactions | Jul 27, 2020 Ascott Residence Trust sells two assets for $138m by Andrea Zander Ascott Residence Trust (ART) has sold Ascott Guangzhou in China and Citadines Didot Montparnasse Paris in France to two unrelated third parties, respectively, for a total of about S$191.4 million ($138 million).
Transactions | Jul 27, 2020 Largest hotel transaction in Sweden since 2015 by Andrea Zander Strawberry Forever has sold the Clarion Hotel Amaranten in Stockholm to Nordic real estate investor NREP for SEK1.5 billion (€145 million/$170 million). This is the largest hotel transaction in Sweden since 2015.
Research | Jul 27, 2020 Convenience and safety drive continued expansion of medical retail space by Andrea Zander Prior to the onset of COVID-19, medical service providers had been expanding rapidly into retail spaces including shopping centers and urban storefronts.
Transactions | Jul 27, 2020 M7 acquires Polish office in maiden investment for M7 CREF II by Released M7 Real Estate has undertaken its first acquisition on behalf of M7 CEREF II.
Research | Jul 27, 2020 Commercial real estate returns turn negative with historical drop in rent by Released The NCREIF Property Index (NPI) total return was –0.99 percent in the second quarter, which represents a decrease from the 0.71 percent return for the prior quarter.
Transactions | Jul 27, 2020 Hines breaks ground on Bayside Toronto waterfront master-planned community by Released Hines has begun speculative construction on the workplace component of its Bayside Toronto waterfront master-planned community.
Investors | Jul 27, 2020 Brookfield Asset Management gears up for $500m–$700m REIT offering by Andrea Zander Canadian alternative investment manager Brookfield Asset Management is planning to raise $500 million to $700 million by listing an Indian REIT by the end of the current financial year.
Transactions | Jul 27, 2020 CAERUS provides €120m of financing for new Mandarin Oriental hotel in Vienna by Released CAERUS Debt Investments AG (CAERUS) has committed €120 million ($141 million) for the development of the Mandarin Oriental Vienna.
