Investors | Jan 22, 2020 Why Asian investors should consider European healthcare assets by Maurizio Grilli In 2018, European commercial real estate transaction volume originating from Asian investors was roughly $24 billion, according to BNP Paribas Real Estate.
Research | Jan 22, 2020 Innovation serves to future-proof dynamic European cities by Marek Handzel Innovation is future-proofing dynamic cities in Europe, by attracting talent and driving wealth and spending power. Together, these qualities fuel cities’ long-term investment potential, according to Andreas Trumpp, head of research, Europe, and Judith Fischer, a research analyst at Savills Investment Management.
People | Jan 22, 2020 Women-owned real estate firm appoints Chrystalle Anstett as head of capital formation by Released Sound Mark Partners, a women-owned and -led commercial real estate firm focused on debt, has appointed Chrystalle Anstett as head of capital formation, based in Greenwich, Conn.
Transactions | Jan 22, 2020 The Valesco Group pays €1.2b for Brussels skyscraper by Released London-based The Valesco Group, backed by Meritz Securities, one of the largest South Korean institutional investors, has acquired the Finance Tower, a skyscraper located in Brussels’ CBD, from Breevast and ZBG for €1.2 billion ($1.3 billion) in an off-market transaction.
Transactions | Jan 22, 2020 Kingsley Associates joins Grace Hill by Kali Persall South Carolina–based real estate software company Grace Hill has acquired Kingsley Associates, a real estate consultant company in San Francisco.
Transactions | Jan 22, 2020 Columbia Property Trust sells Westinghouse Electric Co.’s HQ in Pittsburgh by Released Columbia Property Trust has sold Westinghouse Electric Company Headquarters, an 823,979-square-foot class A corporate headquarters building in the Pittsburgh-area community of Cranberry Township, Pa.
Other | Jan 22, 2020 Capital in Focus II: Why the co-working industry is showing strains by Jonathan Schein The fallout from WeWork Cos.’ failed IPO and subsequent valuation write-down reflects a potential contagion in the co-working arena that has not been contained to this one firm.
Research | Jan 21, 2020 Germany dominates European investment market in 2019 by Kali Persall Germany had the largest investment market in Europe for the second consecutive year, according to new research by CBRE. The country had investment volume of €84 billion ($93 billion) in 2019, up 8 percent from the previous year.
Fundraising | Jan 21, 2020 BMO Real Estate Partners launches U.K. housing fund by Kali Persall BMO Real Estate Partners (BMO REP), has launched its U.K. Housing Fund as part of a newly developed housing strategy.
People | Jan 21, 2020 The Ardent Cos. expands leadership team with new hire by Released The Ardent Cos., a real estate asset management and investment platform with $1.5 billion in assets under management, has hired Christopher Kelly as managing director.
Investors | Jan 21, 2020 European investors back Schroders’ debut hotel fund by Kali Persall Schroders has completed a first closing of its European Operating Hotel Fund I with €300 million ($332 million) in equity commitments. The debut hotel fund was backed by European institutional investors and family offices.
People | Jan 21, 2020 Redos Group hires head of portfolio management by Kali Persall Germany-based Redos Group has appointed Timo Singer as head of portfolio management.
Fundraising | Jan 21, 2020 BlackRock’s Asia Property Fund V hits $500m in first close by Kali Persall BlackRock Real Estate has completed a first close for its Asia Property Fund V with $500 million in capital commitments, according to several news sources.
People | Jan 21, 2020 CA Ventures enters European build-to-rent market, makes new hire by Larry Gray Chicago-based CA Ventures has announced it is entering the build-to-rent residential sector in Europe and has hired Tim Phillips as head of residential Europe.
Transactions | Jan 21, 2020 TPG Real Estate buys office property in Jacksonville, Fla. by Larry Gray San Francisco–based TPG Real Estate has acquired a 374,123-square-foot, class A office campus in Jacksonville, Fla., for $107 million. The seller was Van Trust Real Estate, which developed the property.
Transactions | Jan 21, 2020 HANSAINVEST Real Assets divests the KONE Building in Finland by Released HANSAINVEST Real Assets has sold the KONE Building in Keilaniemi, one of the most established office areas in the Helsinki metropolitan area.
Real Estate | Jan 21, 2020 Houston’s office market continues to see tenant demand for new construction, increasing supply in older product by Andrea Zander Market sentiment in Houston “feels” as though there has been a severe contraction on the demand side, according to Colliers International’s data; however, Houston office tenants are occupying more space than they were in 2015.
Other | Jan 21, 2020 Global REITs forecast to achieve attractive total returns in 2020 by Released Timbercreek Investment Management forecasts attractive total returns for global REITs, indicating strength in REIT cashflow growth and share prices for 2020 in a recent report.
Research | Jan 21, 2020 Office and alternatives will drive global real estate investment in 2020 by Andrea Zander Office assets in core city markets around the world will be real estate investors’ focus in 2020, but with opportunities scarce and yields at record lows, many will be forced to look elsewhere, according to Savills World Research.
Transactions | Jan 21, 2020 H.I.G. makes 10th investment in Italy by Released H.I.G. Capital has acquired Portopiccolo, a state-of-the-art, self-contained luxury complex near Venice which includes 203 high-end residential apartment units, a five-star hotel with a spa, and 110 marina berths. Terms of the transaction were not disclosed.
