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CBRE Group has completed the acquisition of a majority interest in Caledon Capital Management, a Toronto-based investment management business specializing in private infrastructure and private equity investments. Caledon will now operate as CBRE Caledon Capital Management, a separate business unit within CBRE’s independently ...
INREV has announced that it will begin building the prototype of a pan-European Asset Level Index after receiving financial commitments from 28 members. This level of support will result in an initial index with a total value of €150 billion.
Commerz Real has purchased the recently-opened boutique hotel „The Everly“ in Los Angeles for its open-ended real estate fund HausInvest. The seller is the American private equity firm KHP Capital Partners, which specialises in hotels; it was agreed that confidentiality be maintained regarding the purchase price. The 4-star h...
Cushman & Wakefield has partnered with MetaProp NYC to provide exclusive worldwide strategic advice and corporate development across business lines and support services.
Ageas completed on Friday 4 August 2017 the share buy-back programme announced on 10 August 2016. Between 15 August 2016 and 4 August 2017, Ageas has bought back 7,002,631 shares corresponding to 3.34% of the total shares outstanding and totalling €250 million.
Only one in four real estate investors in Europe believes that the current market cycle will peak soon and that the initial rate of return on real estate will start to rise again. The overwhelming majority of respondents (75 per cent) do not expect a turnaround until 2019. Of that figure, 43 per cent expect it to come even la...
PGIM Real Estate Finance has closed more than €1 billion ($1.2 billion) in commercial mortgage loans within the sector through the first half of 2017 as e-commerce continues to drive industrial development. The loans include transactions in the U.S., the U.K. and Australia, representing about a third of the company's originat...
AXA Investment Managers - Real Assets has completed, on behalf of one of its clients, the acquisition of University Center Chicago, a 1,732-bed student housing property located in downtown Chicago, Illinois. AXA IM - Real Assets acquired a 95% interest in the property alongside a new joint venture partner, Blue Vista Capital ...
In the first half of 2017, Union Investment leased and re-leased a worldwide real estate area of around 264,000 sqm. The largest share, at just under 112,000 sqm, is in the European target markets outside Germany. On the German market, the Hamburg-based real estate investment management company registered leasing provisions f...
Mark E. Rose, Chair and CEO of Avison Young announced the promotion of Avison Young Principal Hiren Thakar. Effective immediately, Thakar becomes Chief Operating Officer, International Operations. In this new role, Thakar will be responsible for overseeing operations in Europe, Mexico and future locations outside the U.S. and...
Tunstall Real Estate Asset Management has appointed Tom Tunley as Vice President and Zhongnan Huang as Associate, to further support the firm's growth. Tunley joins Tunstall from Mount Street Loan Solutions LLP where, since March 2014, he was in the Special Projects team with responsibility for the implementation of new infra...
M&G Real Estate Asia (M&G), the real estate fund management arm of M&G Investments, has strengthened its senior management team with three new appointments. Tenshin Ito joins as Head of Japan whilst Richard van den Berg and Robert Walker join as Fund Manager and Non-Executive Director of M&G’s core Asia property strategy resp...
Ambitious housebuilding programmes aimed at delivering new homes on Green Belt land in key regions of the UK will put the Government on a collision course with the powerful countryside lobby – while failing to deliver the affordable homes the Government has committed to. That’s the conclusion of property specialists at Bruton...
With direct property valuations peaking, investors are searching for new ways to invest for growth. The continued adoption of the internet has been very strong globally, with a current estimated 3.4 billion internet users and over 2 billion smart phone accounts. Our Head of Global Property Securities, Stephen Hayes, gives thr...
Deka Immobilien GmbH has secured via a Sale-and Leaseback-transaction the Hotel „Hyatt Centric The Loop", located in downtown Chicago, for a purchase price of 110 Mio. US-Dollars. Seller and future tenant Integrated Clark Monroe, an affiliate of Murphy Development Group, has entered into a long-term franchise agreement with t...
MEAG has acquired a share of Interpark forMunich Re. Interpark owns more than 57 parking buildings and ground-level parking lots, together providing in excess of 49,000 parking spaces. These are situated at geographically diverse and central locations in the U.S.A., such as in business districts, inner cities and airports, fo...
Wells Fargo Asset Management (WFAM) announced on June 30, that in July, Jonathan Hobbs, CFA, FSA, will join WFAM as head of U.S. Portfolio Solutions and Kevin Kneafsey, Ph.D., will join WFAM as a senior investment strategist with the Multi-Asset Client Solutions group. They will both be based in San Francisco and will report ...
Harrison Street Real Estate Capital has closed its sixth U.S. opportunistic real estate fund, Harrison Street Real Estate Partners VI, L.P. (Fund VI) at €832.4 million ($950 million) in equity commitments, in excess of Fund VI’s target of €744.8 million ($850 million). Harrison Street also raised €179.6 million ($205 million)...
