Transactions | Apr 23, 2020 €286m mixed-use scheme project secures planning in Kent by Andrea Zander U+I and partner Quinn Estates have secured planning consent for £250 million (€286 million/$309 million) mixed-use scheme Newtown Works in Ashford, Kent.
Investors | Apr 23, 2020 APG, CPP Investments and ESR establish $1b South Korean logistics development JV by Andrea Zander APG, Canada Pension Plan Investment Board (CPP Investments) and ESR have entered into a strategic agreement to establish a new development joint venture, ESR-KS II, with a total equity allocation of $1 billion, representing an investment capacity to deliver as much as $2 billion of new development projects in South Korea.
Transactions | Apr 23, 2020 Fore partnership buys out minority partner Edmond de Rothschild by Released Fore Partnership has completed the buyout of Edmond de Rothschild Real Estate Investment Management’s 32 percent minority interest in the business.
Transactions | Apr 23, 2020 Blackstone Group and Starwood Capital Group buy stakes in Extended Stay America by Andrea Zander Blackstone Group and Starwood Capital Group have acquired stakes in Extended Stay America, reported The Wall Street Journal.
Still divided by Marek Handzel Reunification between eastern and western German shopping centres is still some way off, in the view of Joachim Stumpf and Lars Jähnichen from IPH Centermanagement.
John Ockerbloom: Will the market regain momentum? by Kali Persall Before the novel coronavirus disease, or COVID-19, dominated every business decision, the current stage in the market cycle was considered by some to be exuberant.
Fundraising | Apr 22, 2020 Cheyne Capital launches second real estate impact fund by Kali Persall Cheyne Capital has launched its second impact real estate fund, the Cheyne Impact Real Estate Trust.
Fundraising | Apr 22, 2020 Yoo Capital holds first close for second U.K. fund by Kali Persall London-based Yoo Capital Investment Management, a privately-held real estate investment firm, has completed a first close for its second fund.
Investors | Apr 22, 2020 SJCERA ends real estate consultant’s contract by Kali Persall At its Jan. 10 board meeting, the San Joaquin County (Calif.) Employees’ Retirement Association (SJCERA) voted unanimously to terminate the contract of its real estate consultant, StepStone.
Investors | Apr 22, 2020 Equinix, GIC in $1.4b joint venture to build cloud data centers in Japan by Andrea Zander Data center firm Equinix has signed a joint venture worth more than $1 billion with Singapore sovereign wealth fund GIC to build three data centers in Japan for the cloud computing market.
People | Apr 22, 2020 CEO to leave San Diego County Employees at end of month by Kali Persall David Wescoe, CEO of the San Diego County Employees Retirement Association (SDCERA), has announced his plans to leave the pension fund to pursue a job opportunity in the private sector.
People | Apr 22, 2020 Patrizia appoints co-CEO by Released Patrizia has appointed Thomas Wels as co-CEO.
Research | Apr 22, 2020 Asian real estate volume slides as COVID-19 hits the brakes on investment activity by Andrea Zander Asia Pacific commercial real estate investment volume fell to $22.6 billion in Q1 2020, representing a decline of 23 percent year-over-year (y-o-y) and marking the lowest quarterly total in almost three years, according to CBRE.
Transactions | Apr 22, 2020 Greentown China to buy stake in Shanghai-based realty firm for $268m by Andrea Zander Greentown China Holdings is investing a combined ¥2.28 billion ($329 million) in two property companies that would allow it to indirectly participate in multiple developments in China.
Research | Apr 22, 2020 U.K. logistics take-up remains robust in Q1 by Released The U.K. logistics market had a strong start to the year, achieving total take-up of 6.26 million square feet in first quarter 2020, compared to 4.41 million square feet in first quarter 2019, according to the latest data from global real estate adviser, CBRE.
Transactions | Apr 22, 2020 Hines Global Income Trust completes sale of Dublin office by Released Hines Global Income Trust has sold Bishop’s Square, a class A office building located in Dublin’s central business district.
Research | Apr 22, 2020 Institutional investors plan to rein in real estate investments in 2020 by Released Global institutional investors, such as pension funds, endowments, and foundations, plan to reduce their new capital commitments to real estate by an average of 11 percent in 2020, according to the 24th annual Institutional Investors Real Estate Trends report.
Transactions | Apr 22, 2020 Portman Holdings proposes $300m mixed-use project in Atlanta by Andrea Zander Developer Portman Holdings has plans to develop a $300 million mixed-use project in Atlanta’s Buckhead Village area.
Research | Apr 22, 2020 Operating performance at low occupancy levels by Andrea Zander As of April 12, 2020, CBRE Hotels Research is forecasting an annual decline in RevPAR of 46.0 percent across all U.S. hotels in 2020, wrote Robert Mandelbaum, director of research information services for CBRE Hotels Research, in his blog.
Investors | Apr 21, 2020 Catella’s third European residential fund receives new Dutch and German investors by Released Berlin-based Catella Residential Investment Management’s (CRIM) third European Residential Fund (CER III) has received €125 million ($135 million) from two new institutional investors.
