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Global News

Central cities are ripe for reinvention in the aftermath of the pandemic

Cities globally are at an inflection point, navigating structural changes to how people live and work due to the pandemic. JLL’s new The Future of the Central Business District report explores how cities are adapting to these changes and how the public and private sector can collaborate to help central districts remain releva...
Friday, 26. May 2023

Global population of UHNWIs declined by 3.8% in 2022

According to the latest issue of The Wealth Report by Knight Frank, the global population of ultra-high-net-worth individuals (UHNWIs) declined by 3.8% in 2022, after a record climb of 9.3% in 2021. Despite the fall however, several growth hubs remained both at a regional and country level as well as across wealth bands – bil...
Wednesday, 17. May 2023

Deutsche Hypo refinances logisitics portfolio for GLP

Deutsche Hypo – Nord/LB Real Estate Finance, a commercial real estate financier, is to refinance the acquisition costs of three logistics properties leased on a long-term basis on behalf of GLP Capital Partners. The term of the financing is five years. The new buildings are modern, third-party logistics warehouses, located in...
Tuesday, 16. May 2023

Blackstone sells $800m logistics portfolio in Japan to GIC

Blackstone Real Estate has sold a logistics portfolio in Japan to GIC. The deal pepresenting one of the largest logistics portfolio transactions in the country. The transaction, comprising 4 million square feet of warehouses located across Japan.
Tuesday, 2. May 2023

Empira acquires development site in Miami’s Brickell area

Empira Group has announced its acquisition of the 901 SW 3rd Avenue development site, formerly known as Empire Brickell, in Miami’s Brickell area. This is the firm’s second development site acquisition in greater downtown Miami within a period of eight months. The transaction closed on 18 April 2023.
Wednesday, 19. April 2023

CTP looks to double in size by 2030

CTP Group is aiming to double the size of its pan-European network of business parks to 20 million sqm of GLA by the end of the decade, amid forecasts of continued strong demand for industrial and logistics space across Central and Eastern Europe.
Monday, 17. April 2023

Blackstone raises $30.4 bln for latest real estate fund

Blackstone today announced the final close of its latest global real estate fund, Blackstone Real Estate Partners X (“BREP X”). BREP X has $30.4 billion of total capital commitments — the largest real estate or private equity drawdown fund ever raised. In total, Blackstone’s three opportunistic strategies (Global, Asia, Europ...
Tuesday, 11. April 2023

Office occupancy in Paris, Madrid and Stockholm close to pre-pandemic average

According to Savills latest research, Paris CBD (66%), Madrid (65%) and Stockholm (60%) lead the ‘return to the office’ in Europe where occupancy figures are close to the pre-pandemic European average of 70%. Prague has recorded the largest increase in occupancy rates, rising by 16 percentage points to 54% between June 2022 a...
Friday, 31. March 2023

AEW expects residential investment opportunities

AEW expects higher interest rates and tighter EPC regulations to trigger residential investment opportunities. Market developments are likely to further constrain supply and drive rental growth.
Thursday, 30. March 2023

Real I.S. Australia Pty hires new Capital Transaction Manager

Real I.S. Australia Pty Ltd. has hired George Koumoukelis as new Capital Transaction Manager. He joined the company on 15 December 2022 and will be focusing on transaction activities across Australia; including the acquisition and divestment of assets on behalf of investors.
Thursday, 2. March 2023

Real I.S. sells A$ 290m office asset in Australia to Charter Hall

Fund managers Real I.S and Charter Hall have underwritten another high-profile deal in Canberra: For A$ 290m, the headquarters of the Australian Taxation Office (ATO) is changing hands. In October, the Australian fund manager from Real I.S. already acquired the Geoscience headquarters for A$ 363.5m.
Wednesday, 22. February 2023

Nuveen launches European Value Add strategy

Nuveen Real Estate has launched its first dedicated pan-European diversified Value Add strategy, having secured c. €180 million in initial commitments.
Thursday, 9. February 2023

Patrizia hires Andrew Hook for its 1bn PanEuropean fund

Patrizia has strengthened the management of its PanEuropean Property Limited Partnership through the appointment of Andrew Hook as its new Fund Manager reporting to long-standing Fund Director Flavio Casero. Hook will help lead the fund and drive the performance and future growth of the portfolio.
Thursday, 9. February 2023

Azora pays $78m for Cincinnati office portfolio

Azora, through its subsidiary Azora Exan, has strengthened its position in the U.S. market by executing a number of transactions in the residential and commercial sectors in 2022, bringing its total investment to more than $450 million last year.
Thursday, 9. February 2023

EdR REIM continues to grow

Edmond de Rothschild Real Estate Investment Management (EdR REIM) significantly exceeded the €300m capital raising target for the first vintage of its pan-European real estate debt platform. In total more than €350m were raised across its pooled fund Edmond de Rothschild pan-European High Yield I and a fund dedicated to one G...
Wednesday, 8. February 2023