Transactions | Aug 3, 2020 Developer gets green light for €311 million Digbeth scheme by Andrea Zander Residential developer Court Collaboration has been given planning permission to develop a £280 million (€311 million/$364 million) residential scheme, The Stone Yard, in Digbeth, an area of Central Birmingham, England.
People | Aug 3, 2020 ESR president steps down by Andrea Zander Charles de Portes will step down as president of ESR, one of Asia Pacific’s largest logistics real estate platforms, in January 2021 to pursue philanthropic interests.
Transactions | Aug 3, 2020 Blackstone to buy Daiwa House logistics centers for $523m by Andrea Zander Blackstone Group and Tosei Asset Advisers, manager of Blackstone’s Japanese multifamily assets, have plans to acquire four logistics facilities across Japan from Daiwa House Industry Co.
Real estate lending: Where are we now? by Denise DeChaine There are two major questions being asked when it comes to the real estate lending markets today: What is going on in the real estate lending markets today? And are there opportunities to make investments during these challenging times?
Investors | Jul 31, 2020 Kansas Public Employees to invest $50m in AEW Partners Real Estate Fund IX by Kali Persall The $19.8 billion Kansas Public Employees Retirement System (KPERS) has approved a commitment of $50 million to an opportunistic fund managed by AEW Capital Management.
Investors | Jul 31, 2020 SBA Florida discloses more than $400m in real estate commitments by Kali Persall State Board of Administration of Florida (SBA) – Florida Retirement System has disclosed $424 million in new real estate commitments for second quarter 2020.
Investors | Jul 31, 2020 First State Super says merger with WA Super will go ahead by Kali Persall First State Super, which became Australia's second-largest industry superannuation fund after its recent merger with VicSuper, has confirmed that its merger with WA Super will proceed as planned.
Transactions | Jul 31, 2020 BNP REIM pays €100m for central Milan office building by Released BNP REIM Italy SGR has acquired an office building located in Via Mazzini 9/11 in Milan for €100 million ($118 million).
Transactions | Jul 31, 2020 Edmond de Rothschild REIM acquires industrial asset in the Netherlands by Released Edmond de Rothschild Real Estate Investment Management has acquired a light-industrial property in the Netherlands for the Edmond de Rothschild Euro Industrial Real Estate Fund.
Transactions | Jul 31, 2020 Deka Immobilien acquires office property in Paris from LaSalle for €165m by Andrea Zander Deka Immobilien has acquired the Sainte Cécile, an office property in Paris, from the Encore+ real estate fund managed by LaSalle Investment Management for €165 million ($195 million).
Research | Jul 31, 2020 Demographic shifts fuel long-term apartment demand by Andrea Zander The strong demand for middle-income housing is fueled by several long-term economic and demographic trends and a beneficial supply/demand dynamic, providing attractive growth prospects in this sector of the multifamily market.
Transactions | Jul 31, 2020 Hudson Pacific and Blackstone announce new joint venture to expand studio platform by Andrea Zander Funds affiliated with Blackstone Property Partners will acquire a 49 percent interest in Hudson Pacific Properties’ three Hollywood studios and five on-lot or adjacent class A office properties, totaling 2.2 million square feet, at a gross portfolio valuation of $1.65 billion.
Transactions | Jul 31, 2020 Crown Group to develop $330m residential project in Australia by Andrea Zander Sydney-based developer Crown Group has plans to develop a A$460 million ($330 million) residential project in the West End of Brisbane, Australia.
Transactions | Jul 31, 2020 Wanda Hotel sells 90% of Chicago project for $270m by Andrea Zander Wanda Hotel Development, a unit of Chinese billionaire Wang Jianlin’s Dalian Wanda Group, has agreed to sell its 90 percent stake in a $1 billion Chicago property project for $270 million to help cut debt.
Transactions | Jul 31, 2020 Goldman Sachs and Dalfen Industrial partner on 46-property last-mile industrial portfolio by Andrea Zander Dalfen Industrial has partnered with Goldman Sachs Merchant Banking Division on a 46-property last-mile industrial portfolio across the United States.
Research | Jul 31, 2020 Europe to see 9.8% drop in prime office rents for 2020 by Marek Handzel Europe will see a 9.8 percent decline in prime office rents in 2020, according to AEW.
Transactions | Jul 31, 2020 Tishman Speyer JV makes life science first project in Boston by Andrea Zander Breakthrough Properties, a joint venture between Tishman Speyer and Bellco Capital, a biotechnology investment firm, has announced its first project together, The 105, located at 105 West First Street, in Boston’s Seaport Neighborhood.
People | Jul 31, 2020 Madison Realty Capital hires Brian Chase as COO by Released Madison Realty Capital (MRC) has appointed Brian Chase as its new COO, to support the firm’s operations and core business functions, as well as its continued national expansion.
Investors | Jul 30, 2020 Ascott’s co-living brand adds 1,000+ units across Australia, China and the Philippines by Released Lyf, co-living brand of CapitaLand’s wholly owned lodging business unit The Ascott Ltd., has added more than 1,000 units across six properties in Melbourne, Australia; Beijing, Hangzhou, Shanghai and Xi’an, China; and Manila, the Philippines.
Fundraising | Jul 30, 2020 Recently launched Tokoro Capital raises first fund by Kali Persall Former Brockton Capital executives Sanjay Sethi and Max Bassadone have launched Tokoro Capital, targeting opportunities in Europe’s gateway cities.
