Transactions | Jun 4, 2020 Allianz and Charter Hall partner to acquire $448m ALDI logistics portfolio in Australia by Released Allianz Real Estate, acting on behalf of several Allianz companies, in a 50-50 joint venture with Charter Hall Group–managed wholesale fund CPIF, has signed the Sale & Purchase Agreement to acquire an Australian logistics portfolio of 4 ALDI Distribution Centers for A$648 million ($448 million).
Transactions | Jun 4, 2020 AXA Investment completes €150m purchase of affordable housing rental portfolio by Released AXA Investment Managers – Real Assets has completed, on behalf of clients, the forward purchase of a 919-unit affordable-housing for-rent portfolio in the Madrid region of Spain for €150 million ($170 million).
Property investing in an upturned world by Alex Frew McMillan Any current story about short- to mid-term investment strategy has to start with COVID-19. The disease that swept the world this spring shook asset values of all kinds. Some of them are still shaking.
Transactions | Jun 4, 2020 Hines develops logistics center in Hamm by Released Hines is developing the DistributionPark logistics center in Hamm, North Rhine-Westphalia, Germany.
Three to watch by Marek Handzel New lifestyles require new real estate products, says Alexander Lackner, the managing director of CR Investment Management, as he identifies three niche sectors in the German real estate market that investors should be paying close attention to.
Transactions | Jun 4, 2020 Nuveen Real Estate invests more than €135m in three premium logistics assets across France by Released As part of its investment strategy in Europe, Nuveen Real Estate has acquired three premium industrial assets in France.
TMRS evaluates investment strategy by Kali Persall The Texas Municipal Retirement System (TMRS) has tasked RVK to conduct an independent evaluation on the appropriateness, adequacy and effectiveness of the pension system’s investment practices and performance.
Research | Jun 3, 2020 Retail sale and leaseback deals to pick-up post-COVID-19 by Andrea Zander Retail sale and leaseback (SLB) transactions are expected to pick up again after the COVID-19 pandemic has passed, according to Savills.
Transactions | Jun 3, 2020 Southwark Council gives go-ahead for €146m residential development in London by Released Southwark Council has given the greenlight to a £130 million (€146 million/$164 million) (GDV) redevelopment of a former Carpetright warehouse, located at 651 Old Kent Road in London, to be transformed into new homes, of which 40 percent will be affordable housing.
Investors | Jun 3, 2020 Arkansas Teacher Retirement System backs Torchlight, CBRE real estate funds by Kali Persall Arkansas Teacher Retirement System (ARTRS) has committed a total of $100 million to two real estate funds.
Transactions | Jun 3, 2020 Irish property company raises capital to fund landmark office schemes in Dublin by Kali Persall IPUT Real Estate, an Irish property company and the largest owner of offices and logistics assets in Dublin, has established a new €300 million ($334 million) revolving credit facility (RCF) with Wells Fargo Bank N.A.
Fundraising | Jun 3, 2020 Bell Apartment Fund VII blasts through fundraising target to close at $950m by Kali Persall Bell Partners has completed the final close.
Transactions | Jun 3, 2020 Carrefour buys Wellcome Taiwan by Andrea Zander French Supermarket group Carrefour SA has agreed to buy Wellcome Taiwan from Dairy Farm International Holdings.
Transactions | Jun 3, 2020 GIC in talks to buy StorageMart stake by Andrea Zander Singaporean sovereign wealth fund GIC is in talks to acquire a stake in Columbia, Mo.-based StorageMart, reported Bloomberg.
People | Jun 3, 2020 Amy Wierenga joins GCM Grosvenor as chief risk officer by Released Amy Wierenga has joined GCM Grosvenor as chief risk officer.
Research | Jun 3, 2020 INREV: Leading five managers exceed €100b each, while others rise up the rankings by Andrea Zander Total global real estate assets under management (AUM) hit a record €3.2 trillion ($3.6 trillion) at the end of 2019, according to the Fund Manager Survey 2020, published today by ANREV, INREV and NCREIF.
Research | Jun 3, 2020 U.K. physical stores remain key driver to success for the retail sector by Andrea Zander Physical stores remain a key driver to success for retailers in the United Kingdom, according to CBRE. The government’s furlough scheme and business rates relief have provided lifelines for many retailers since the outbreak, but further assistance from landlords is required to help keep stores open, while the true cost of COVID-19 to retailers is still unknown.
People | Jun 3, 2020 Slate Office REIT appoints new CEO by Released Toronto-based Slate Office REIT has named Steve Hodgson, its current COO, as CEO.
Investors | Jun 3, 2020 SL Green Corp. develops plan for re-entry for tenants by Andrea Zander SL Green Realty Corp. has begun implementing its “SLG Forward” initiative, a comprehensive approach to providing a safe and welcoming environment to all tenants, visitors and employees.
Transactions | Jun 3, 2020 Bell Canada and Equinix strike C$1b data center deal by Kali Persall Bell Canada has entered into a definitive agreement to sell 25 data centers at 13 sites to Equinix in a C$1.04 billion ($770 million) all-cash transaction.
