Transactions | Aug 13, 2019 QuadReal, Charter Hall and Abacus to acquire A$630m Sydney office by Andrea Zander Australian property developer Charter Hall has teamed up with Abacus Property Group and the real estate arm of British Columbia Investment Management Corp. to acquire a 38-story office tower in Sydney’s central business district for A$630 million ($425.9 million).
Research | Aug 13, 2019 Investments in Romania ramping up by Kali Persall The Romanian investment market is gaining momentum, according to Skanska, a leading development and construction company in Europe.
Research | Aug 13, 2019 Q2 fundraising total pales in comparison to record-setting Q1 by Denise DeChaine After a first quarter that registered 27 fund closings and a record volume of $63.0 billion, it’s not a surprise that second-quarter fundraising experienced a significant drop-off.
Investors | Aug 13, 2019 Core Spaces forms strategic partnership with Goldman Sachs by Andrea Zander Core Spaces has formed a partnership with affiliates of the Merchant Banking Division of Goldman Sachs (NYSE: GS) to recapitalize and develop a portfolio of nine assets, valued at more than $600 million.
Transactions | Aug 13, 2019 Trinity Merger, Broadmark deal to create $1.5b mortgage REIT by Andrea Zander Trinity Merger Corp. and the Broadmark real estate lending companies and management companies — specialty commercial real estate finance companies providing construction, land and development financing for commercial and residential properties — have entered into a definitive merger agreement for a business combination transaction to create an internally-managed mortgage REIT with an expected equity value of $1.5 billion.
Investors | Aug 12, 2019 Louisiana pension fund hires AndCo as investment consultant by Kali Persall The $1.1 billion Baton Rouge (La.) & Parish of East Baton Rouge Employees' Retirement System has selected AndCo Consulting as its new investment consultant.
Investors | Aug 12, 2019 MainePERS approves $25m commitment to KKR European real estate fund by Kali Persall The $14.8 billion Maine Public Employees Retirement System (MainePERS) has approved up to $25 million in capital commitments to a fund managed by KKR.
Investors | Aug 12, 2019 National Australia Bank backs U.K. property finance platform LendInvest by Andrea Zander Online property finance marketplace LendInvest has received a £200 million ($240 million) investment from the National Australia Bank.
Transactions | Aug 12, 2019 Korean asset manager buys hotel in Vienna by Andrea Zander Asset manager Wealthcore Investment Management has plans to buy the Hilton Parkview in Vienna together with Korean asset manager Mastern Investment Management.
Transactions | Aug 12, 2019 Cortland acquires British residential asset manager by Andrea Zander Major U.S. multifamily real estate, investment and management company Cortland has acquired LIV Group.
Transactions | Aug 12, 2019 Union Investment acquires Dublin office building for €190m by Andrea Zander Union Investment has acquired the 5 Hanover Quay office property in Dublin’s fast-growing South Docklands district for €190 million ($213 million).
Investors | Aug 12, 2019 UDR forms $1.1b JV with MetLife Investment Management by Andrea Zander UDR has entered into an agreement with MetLife Investment Management.
Fundraising | Aug 12, 2019 PIMCO raises $1.18b for real estate debt fund by Kali Persall The PIMCO Commercial Real Estate Debt Fund, managed by Newport Beach, Calif.–based global investment management firm Pacific Investment Management Co. (PIMCO), has raised approximately $1.18 billion.
Fundraising | Aug 9, 2019 Investors commit $215m to BlackRock senior mezzanine debt fund by Kali Persall Three investors have committed $215 million in capital to a fund managed by BlackRock.
Transactions | Aug 9, 2019 Deka Group Enters Portland with $48m buy by Andrea Zander Deka Immobilien, the real estate investment division of Deka Group, has acquired 6Y, an 11-story creative office building in Portland, Ore.
Investors | Aug 9, 2019 LACERS makes $20m investment in Broadview Real Estate fund by Kali Persall The $17.7 billion Los Angeles City Employees’ Retirement System (LACERS) has committed up to $20 million to Broadview Real Estate Partners’ value-add fund.
Fundraising | Aug 9, 2019 Blue Moon Senior Housing II fund reports $149m in capital raised by Kali Persall The Blue Moon Senior Housing II fund, managed by Boston-based Blue Moon Capital Partners, has raised $148.6 million against a target of $500 million.
Transactions | Aug 9, 2019 $300m mixed-use project breaks ground in New York state by Andrea Zander EFG/Saber Heritage SC, a joint venture between Saber Real Estate North and EnviroFinance Group, has begun construction of its $300 million mixed-use community on 156 acres of land. The project, Hudson Heritage, is located on a former state psychiatric facility on Route 9 in Poughkeepsie City, N.Y.
Fundraising | Aug 9, 2019 LCN Capital Partners raises $139m for newly launched real estate fund by Kali Persall New York City–based LCN Capital Partners has received approximately $139.3 million in capital commitments for its newest limited partnership vehicle.
Transactions | Aug 9, 2019 Goldman Sachs buys U.K. office for £400m by Andrea Zander Goldman Sachs has acquired Croxley Park in Watford, United Kingdom, from Columbia Threadneedle for £400 million ($483 million), according to media outlets.
