People | Aug 28, 2019 BlackRock’s Greg Lapham resigns by Kali Persall After serving almost six years as BlackRock’s managing director and CIO for Asia Pacific, Greg Lapham is leaving the firm to pursue other opportunities.
Research | Aug 27, 2019 CEE data center market to grow by Released The Central and Eastern Europe (CEE) data center market is likely to grow at a CAGR of over 5 percent during the period 2018–2024, according to a report by ReportLinker.
Research | Aug 27, 2019 Investment activity in the U.K. weakened in H1 2019, study says by Kali Persall Investment activity in the United Kingdom suffered in the first half of the year as overall volumes dropped to £19.8 billion ($24.2 billion), a 32 percent decline year-over-year, according to a new real estate outlook by UBS-AM Real Estate & Private Markets.
Transactions | Aug 27, 2019 Investec originates £25m loan for niche residential developer in U.K. by Kali Persall Investec Structured Property Finance has provided James Taylor Homes, a niche residential developer focused on creating high-quality homes in London, with a £25 million ($30 million) loan.
Research | Aug 27, 2019 CBRE report: U.S. data center leasing on pace to exceed 2018’s record by Andrea Zander Driven by demand from large cloud and enterprise users, U.S. data center leasing is on pace to exceed 2018’s record level, according to CBRE’s U.S. Data Center Trends Report.
Fundraising | Aug 27, 2019 PGIM secures $591.1m for sixth senior housing fund by Kali Persall PGIM Real Estate has raised $591.1 million for its sixth senior housing fund.
Transactions | Aug 27, 2019 M7 Real Estate completes first project in Northern Ireland by Kali Persall M7 Real Estate has completed its first project in Northern Ireland, a grade A office project in the heart of Belfast’s CBD, the firm reported today.
Research | Aug 27, 2019 Singapore attracts more and more foreign capital by Andrea Zander Singapore has been a market of interest these past few months. Cushman & Wakefield concluded the country is a top destination due its stable political environment and relatively strong office rental for U.S. and Hong Kong investors.
People | Aug 27, 2019 APAC Real Estate veteran establishes Japan-focused investment advisory platform by Released Craig Pearce, who has two decades of industry experience in Asia Pacific, has established a real estate investment consultancy firm, Nikota Capital.
Research | Aug 26, 2019 Australia emerges as leader of Asia Pacific market by Andrea Zander Asia Pacific transactions were down 19 percent year-on-year in the second quarter to $34.4 billion, with the U.S.-China trade war and global economic slowdown weighing on confidence.
Transactions | Aug 26, 2019 Piedmont Office Realty Trust becomes sole owner of $500m office tower by Andrea Zander Piedmont Office Realty Trust has completed the purchase of Galleria 400 and Galleria 600, two office towers totaling approximately 860,000 square feet and an adjacent 10.2-acre land parcel entitled for 1 million square feet of additional development for a total of $231.2 million.
Transactions | Aug 26, 2019 The University of Texas System to sell 216-acre urban in-fill development site in Houston by Andrea Zander JLL has been named by The University of Texas System to market for sale or ground lease an approximately 216-acre, mixed-use development site near the Texas Medical Center and NRG Stadium in southwest Houston.
Transactions | Aug 26, 2019 CIM Group breaks ground on 1.78-acre mixed-use project in Florida by Released CIM Group today has broken ground on a mixed-use development in the Wynwood district of Miami, Fla., the company announced Aug. 26.
Transactions | Aug 26, 2019 Transwestern Development Co. to build industrial property in Inland Empire by Released National Logistics Group, a subsidiary of Transwestern Development Co. (TDC), has closed on a 22.34-acre site to develop a two-building industrial project encompassing approximately 337,856 square feet of class A warehouse space in Southern California’s Inland Empire.
Transactions | Aug 26, 2019 Starwood acquires multifamily affordable housing portfolio in Texas and Florida by Released Starwood Capital Group has acquired through a controlled affiliate a stabilized multifamily affordable housing portfolio with 4,448 units located in 21 communities.
Transactions | Aug 26, 2019 NCC sells Norwegian office projects for SEK 2b by Kali Persall NCC has sold two Norwegian office projects, along with the remaining building rights in the area of Helsfyr, in Oslo, Norway, to Valle Eiendom Holdings for close to SEK 2 billion ($207 million).
Transactions | Aug 26, 2019 DWS buys Vita Student housing assets for €660.5m by Kali Persall DWS has paid €660.5 million ($735.6 million) for a portfolio of eight premium “Vita Student” housing assets in the United Kingdom.
Fundraising | Aug 26, 2019 DRA Advisors secures $472.5m for latest growth and income fund by Kali Persall New York–based DRA Advisors has raised $472.5 million for its DRA Growth & Income Fund X from 17 investors.
Research | Aug 26, 2019 Japan-based transaction volume down year-over-year by Andrea Zander Total real estate investment volume (excluding transactions below JPY 500 million ($4.7 million), preliminary results) in the second quarter of 2019 reached JPY 1,050.6 billion ($9.9 billion), according to Cushman & Wakefield surveys. The figure represents a decline of 9.1 percent, year-over-year.
People | Aug 23, 2019 Nuveen Real Estate’s head of Asia Pacific resigns by Andrea Zander Chris Reilly has resigned as head of Asia Pacific at Nuveen Real Estate, the company confirmed.
