Transactions | Jun 9, 2020 Gaw Capital makes first property acquisition in Hangzhou by Andrea Zander Hong Kong–based Gaw Capital Partners has acquired a 46-floor class A office building in Hangzhou, China.
Transactions | Jun 9, 2020 Granite Real Estate Investment Trust buys $246m for new assets by Released Granite Real Estate Investment Trust has agreed to acquire eight income-producing properties in the United States comprising approximately 4 million square feet at a combined purchase price of approximately $246.1 million.
Transactions | Jun 9, 2020 Tristan fund sells Rotterdam parking garage to German fund by Released Curzon Capital Partners 5 Long-Life Fund, Tristan Capital Partners’ perpetual core-plus fund, and local operating partner Nexus Real Estate have completed the sale of a site comprising 480 parking spaces in the city center of Rotterdam, Netherlands.
People | Jun 9, 2020 Harrison Street continues European expansion with two senior hires by Released Harrison Street has added two seasoned professionals to its European asset management and transaction teams.
Research | Jun 9, 2020 ULI report forecasts COVID-19 will accelerate restructuring of European retail property sector by Released A new update from the Urban Land Institute (ULI) to its Reshaping Retail report, which was published earlier this year prior to the coronavirus pandemic taking hold across Europe, has now forecast the COVID-19 outbreak will accelerate the restructuring of the retail property sector, particularly in the United Kingdom.
Investors | Jun 9, 2020 Los Angeles Employees backs Waterton Residential’s latest real estate fund by Kali Persall The Los Angeles City Employees Retirement System (LACERS) has unanimously approved a $50 million commitment to a private real estate fund.
Transactions | Jun 9, 2020 Implementing ESG measures at senior and student housing assets by Loretta Clodfelter Alternative asset classes, such as student accommodation and senior living, have particular challenges related to implementing environmental, social and governance (ESG) measures, but they also have particular opportunities, especially in the current environment.
Investors | Jun 9, 2020 Chicago-based firms form hospitality JV by Released Frontline Real Estate Partners, Four Corners Advisors and Aries Capital have formed a joint venture.
Research | Jun 9, 2020 Industrial occupier demand remains robust in Dallas–Fort Worth by Andrea Zander Industrial occupier demand in the Dallas–Fort Worth area remains robust as COVID-19 drives e-commerce activity, placing increased demand on large-scale distribution facilities, reported Savills Research in its first quarter report.
Transactions | Jun 9, 2020 Carlyle Group acquires mobile home parks for $230m by Andrea Zander The Carlyle Group has acquired four mobile home parks in Mesa, Ariz., for $230 million, according to media outlets.
Transactions | Jun 8, 2020 Wealhouse Capital Management JV receives financing for multi-housing properties by Released A partnership between Wealhouse Capital Management and Western Wealth Capital received $185.63 million for the acquisition of a 1,439-unit portfolio of five multi-housing properties in and around Phoenix.
People | Jun 8, 2020 Interim executive director selected for Illinois Police Officers’ Pension Investment Fund by Kali Persall The Illinois Police Officers’ Pension Investment Fund (IPPIF) has appointed Richard White as interim executive director.
People | Jun 8, 2020 BlackRock appoints former UBS executive as managing director by Kali Persall Michael Lawton, former managing director at UBS, has been appointed managing director at BlackRock. He will be part of the firm’s New York–based private capital markets unit.
Fundraising | Jun 8, 2020 Hudson Oak targets Atlantic East Coast rental market with new opportunity fund by Kali Persall Hudson Oak Development, a firm that specializes in multifamily and for-rent single-family developments, has launched an opportunity fund.
Investors | Jun 8, 2020 Texas TRS invests in Invesco Real Estate Asia Sidecar IV fund by Kali Persall Teacher Retirement System (TRS) of Texas has invested $50 million in the value-add Invesco Real Estate Asia Sidecar IV One on behalf of its real assets portfolio.
Research | Jun 8, 2020 UBS-AM REPM research: Impact of COVID-19 on European Office Markets, Edition 3 by Andrea Zander The final quarter of 2019 saw European office transactions reach a record high, surpassing the previous record by a staggering 30 percent. Six months on, clearly the market is in a very different place.
Transactions | Jun 8, 2020 Segro acquires urban warehouse park in London for $257m by Andrea Zander Segro has acquired Perivale Park, a 34-acre urban warehouse estate in Perivale, West London, from Federated Hermes for £202.5 million (€227.3 million/$257 million).
Research | Jun 8, 2020 Poland: Outlets and convenience centers coming back to life by Released After the Polish government announced a major reopening of the retail economy last month, outlets are seeing more than 80 percent of footfall on average, with convenience centers attracting between 90 percent to 100 percent of customers as compared to the previous year.
People | Jun 8, 2020 Hines strengthens U.K. development team with strategic senior appointment by Released Hines has appointed Damien Hilborne as development director.
Research | Jun 8, 2020 Respondents in Asia expect activity to return to normal levels within six months by Andrea Zander There was a gradual recovery in investment enquiries across the region in May, especially in Greater China and Singapore, reported CBRE in its Asia Pacific Cap Rate Flash Survey May 2020.
