Research | Jul 30, 2019 Flexible workspace activity dominates U.K. office market by Andrea Zander Take-up has been strong across nine largest regional U.K. office markets during the second quarter, with activity heavily skewed toward larger deals, city center markets and the “modern” sectors of flexible workspace, according to Avison Young’s The Big Nine quarterly update.
Transactions | Jul 30, 2019 Singapore company closes on A$700m South Australian shopping mall deal by Kali Persall Singapore Press Holdings is closing on a deal to acquire a 50 percent stake in the biggest shopping center in Adelaide in South Australia.
Transactions | Jul 30, 2019 Benson Elliott sells majority stake in German housing company by Kali Persall U.K.-based private equity real estate manager Benson Elliot has sold its 74.9 percent stake in German communal housing company.
People | Jul 30, 2019 Nuveen Real Estate appoints new senior director, debt strategies by Released Nuveen Real Estate has announced the appointment of Steven Lim as senior director, debt strategies in Australia, further expanding the firm’s Asia Pacific commercial real estate debt business.
Investors | Jul 30, 2019 China to invest $5.8b in home rental market by Andrea Zander China will invest about 40 billion yuan ($5.82 billion) over three years to support the development of a housing rental market in pilot cities.
Transactions | Jul 30, 2019 Savills purchases Spanish logistics hub for €40m by Released Savills Investment Management has acquired a logistics hub in Spain on behalf of its European Logistics Fund 2 (ELF 2) for €40 million ($45 million).
Transactions | Jul 30, 2019 Commerz Real sells office building in Singapore for $478m by Andrea Zander Commerz Real has sold the office building Robinson Road 71 in Singapore from its open-ended real estate fund hausInvest for S$655 million ($477.8 million).
Transactions | Jul 30, 2019 Allianz and Gaw Capital JV to acquire office asset in Singapore by Andrea Zander Allianz Real Estate and Gaw Capital have signed a sale and purchase agreement to acquire DUO Tower and DUO Galleria, a premium class A office asset with ancillary retail in Singapore for approximately S$1.6 billion ($1.2 billion).
Transactions | Jul 30, 2019 First Washington Realty buys $485m grocery-anchored portfolio by Released JLL has closed the $485 million sale of a portfolio of five core, grocery-anchored retail properties totaling 797,984 square feet in the Washington, D.C., metro area.
Transactions | Jul 30, 2019 Longfellow acquires Palo Alto, Calif., technology center for $205m by Andrea Zander Longfellow Real Estate Partners, which invests in life science, lab and innovation space across the United States, has acquired the Palo Alto Technology Center (PATC) from KBS for $205 million.
Transactions | Jul 30, 2019 CubeSmart, Heitman JV sells self-storage portfolio for $294m by Andrea Zander A joint venture between CubeSmart and Heitman has sold a 50-facility self-storage portfolio, according to CubeSmart’s second-quarter earnings report.
Fundraising | Jul 29, 2019 BlackRock raises $780m at first close for Europe Property Fund V by Kali Persall BlackRock’s fifth European opportunistic property fund has completed a first close with $780 million in capital commitments, raising more than half of its $1.4 billion target.
Transactions | Jul 29, 2019 Allianz acquires two Italian logistics warehouses for €33.6m by Kali Persall Allianz Real Estate has purchased two 45,000-square-meter (484,375-square-foot) logistics warehouses in Northern Italy for €33.6 million ($37.3 million).
Transactions | Jul 29, 2019 Singapore investor buys London office for £260m by Andrea Zander Stamford Land Corp. has acquired a 60 percent interest in 8 Finsbury Circus in London for £260 million ($318 million).
Transactions | Jul 29, 2019 L&G exchanges contracts on £400m Cardiff regeneration project by Andrea Zander Legal & General has exchanged contracts to complete the largest privately funded development in Wales, Cardiff Central Square, in partnership with the Welsh Government and Rightacres Property.
Transactions | Jul 29, 2019 AXA IM – Real Assets to purchase 50% stake in mixed-use complex in Paris by Kali Persall AXA Investment Managers – Real Assets has agreed to purchase a 50 percent stake in a prime mixed-use property complex in Paris .
People | Jul 29, 2019 Clarion Partners names new general counsel and CCO by Released Susan Boccardi has joined Clarion Partners as general counsel and chief compliance officer.
Transactions | Jul 29, 2019 Hammerson sells 75% stake in Parisian shopping center by Kali Persall Hammerson has agreed to sell a 75 percent stake in Italie Deaux, a shopping destination in Paris.
Transactions | Jul 29, 2019 San Francisco Bay Area apartment complex sells for $325m by Andrea Zander GID has paid $325 million for a 402-unit apartment asset in the San Francisco Bay Area, according to media reports.
Fundraising | Jul 29, 2019 Bouwinvest raises €125m for residential and office funds by Kali Persall Bouwinvest Real Estate Investors raised €125 million ($139 million) in new capital commitments for its residential and office funds in first half 2019, the firm reported July 29.
