Fundraising | May 7, 2020 Rockpoint Growth and Income Fund III hits $2b fundraising target by Kali Persall The Rockpoint Growth and Income III (RGI III), a core-plus, value-add fund managed by Boston-based Rockpoint Group.
Transactions | May 7, 2020 Garbe and Bremer begin construction of Hanau logistics scheme by Released Garbe Industrial Real Estate and Bremer Projektentwicklung have begun construction of a state-of-the-art logistics center in the Hanau Technology Park in Germany.
Fundraising | May 7, 2020 Montgomery Street Partners raises $150m for MSP GP Fund II by Kali Persall IREI has learned that Montgomery Street Partners (MSP) has held a first close of $150 million for its MSP GP Fund II.
Transactions | May 7, 2020 Catella invests €75m in European residential portfolio by Andrea Zander Catella Residential Investment Management (CRIM) and Catella Real Estate AG (CREAG) have acquired two residential real estate developments in Berlin and Madrid.
Transactions | May 7, 2020 South Korean institutional investors acquire German logistics portfolio by Andrea Zander Apeiron Capital, in partnership with Midas International Asset Management, has acquired the 150,000-square-meter (1.7 million-square-foot) “Maple” logistics portfolio in Germany for €200 million ($215 million).
Horizon threats are now here by Alex Frew McMillan Even prior to the coronavirus outbreak that began in Wuhan, China, some market participants viewed China as a potential threat to the long years of relative stability in real estate.
Editors assess the impacts of COVID-19 on real estate by Loretta Clodfelter The spread of the novel coronavirus has destabilized global markets and instigated an economic downturn. In “What now?” in the May 2020 issue of Institutional Real Estate Americas, the editors of Institutional Real Estate, Inc.’s regional publications discussed some of the possible implications of the COVID-19 pandemic for the commercial real estate investment world.
Research | May 7, 2020 Companies look to data in the return to office life by Andrea Zander Workplace data is bringing customized insights into how companies can best keep their employees safe as offices reopen their doors, said JLL.
Fundraising | May 6, 2020 BlackRock’s Europe Property Fund V tops $1.4b fundraising target by Kali Persall BlackRock Real Assets has raised €1.287 billion ($1.39 billion) for its Europe Property Fund V (EFV), which aims to reposition, rebuild and recapitalize real estate assets across Europe.
Fundraising | May 6, 2020 APG and GIC-backed hotel investor enters Italian market by Andrea Zander Dutch hotel specialist CitizenM has partnered with Italian asset manager Antirion Sgr to launch a new investment fund focused on Italian hotel properties.
Investors | May 6, 2020 Seattle pension fund invests in Sculptor Real Estate Fund IV by Kali Persall IREI has learned that the Seattle City Employees’ Retirement System (SCERS) has committed $17.5 million to an opportunistic fund managed by Sculptor Capital Management.
Transactions | May 6, 2020 Hines Pan-European Core Fund acquires logistics center in the Netherlands by Released Hines has acquired the 62,000-square-meter (667,362-square-foot) Urban Logistics Distribution Centre in Utrecht, the Netherlands.
Transactions | May 6, 2020 South Korean firm terminates $5.8b deal for 15 U.S. hotels by Andrea Zander South Korea’s Mirae Asset Global Investments has terminated a $5.8 billion deal to buy 15 U.S. hotels from China’s Anbang Insurance Group.
Investors | May 6, 2020 Texas ERS invests in BlackChamber Real Estate Opportunity Fund by Kali Persall The $28.3 billion Employees Retirement System (ERS) of Texas made one commitment to a real estate fund during the month of April.
Research | May 6, 2020 Flexible office take-up slows across Europe by Andrea Zander The share of flexible office space take-up across Europe slowed in the first quarter of 2020 to reach 5 percent, down from 9.5 percent at the end of 2019. The sector has expanded exponentially from 2017–2019 and is reaching maturity, as large providers become less expansionary.
Fundraising | May 6, 2020 AEW Partners Real Estate Fund IX completes first close by Kali Persall Three months after entering the market, the AEW Partners Real Estate Fund IX has completed its first close.
People | May 6, 2020 LGIM appoints new global COO by Andrea Zander Brenda Sklar has been appointed as Global COO for Legal & General Investment Management (LGIM).
Transactions | May 5, 2020 Novo Holdings acquires minority stake in NREP by Kali Persall Novo Holdings has become a minority shareholder in NREP, the largest Nordic real estate investor, with the acquisition of a 25 percent stake.
Fundraising | May 5, 2020 LondonMetric raises £120 to invest in logistics by Kali Persall LondonMetric Property has raised £120 million ($149 million) in a share placing, which will be used to invest in a substantial pipeline of long income and urban logistics acquisitions.
People | May 5, 2020 SC Capital Partners names new head of investor relations by Released SC Capital Partners Group has appointed Chris van Beek as executive director and head of investor relations.
