Global News

Savills Investment Management has hired Patrick Au Yeung as Senior Fund Manager, European Residential.

Mark has appointed a former managing director at Tishman Speyer as its new head of investor relations. Michelle Doran, who spent 12 years at Tishman Speyer, will oversee the management of relationships with Mark's existing global investor base, while also driving fundraising for new and existing platforms.

Commerz Real has acquired the office property “1900 N Street” in Washington, D.C. for its open-ended real estate fund Hausinvest. “A successful entry into the Washington market with a trophy property,” says a visibly pleased Maja Procz, Global Head of Transactions.

Cushman & Wakefield’s Asset Services business has extended its service offering in EMEA to include operational asset management solutions alongside property management, ESG, placemaking and related asset services.

AXA IM Alts has acquired two residential assets in Tokyo for c. €51.2 million (¥6.9 billion). The acquisitions have been made on behalf of clients through AXA IM Alts’ Real Assets platform.

Greystar Real Estate Partners has appointed Alberto Donoso to the European Leadership Team to head up Development, which currently has €3.9bn (£3.3bn) of projects under development.

Andy Mercer has joined Colliers to lead the ongoing development and implementation of a market-leading ESG strategy for the firm’s property management clients in the UK and across Europe, the Middle East and Africa (EMEA).

JLL has announced the appointment of Sue Asprey Price as the new CEO for Work Dynamics across Europe, Middle East and Africa. She succeeds Mark Caskey, who will leave the company in mid-June.

The largest private European real estate transaction is completed: Blackstone today announced that existing investors in Mileway have completed the previously announced €21 billion recapitalization of the company alongside Blackstone's Core+ perpetual capital vehicles.

MEAG has launched a new European core office property fund. The fund focuses on high-quality office properties in prime locations in Europe's top venues. Munich Re and MAPFRE, the globally active Spanish insurance company, are partnering as seed investors for the fund. They are contributing to the initial asset portfolio with...

LaSalle Investment Management is launching a €500m pan-European urban hotel aggregation strategy via a strategic partnership with Numa Group.

Goldman Sachs Asset Management has raised $3.5 billion for its Real Estate Investment Partners program (“REIP”) from a diverse group of institutional and high net worth investors.

Trei Real Estate together with its local joint venture partner Chance Partners, has acquired a development site in Jacksonville, Florida.

Pradera to announce the debt refinancing of its pan-European retail park investment vehicle, Pradera European Retail Parks SCSp.

Nippon Telegraph and Telephone is partnering with Australia's Macquarie Asset Management to jointly own data centers in Europe and the U.S.

JLL has appointed Anand Assi and Thomas Noto as Business Development Directors to its EMEA Industrial & Logistics business with immediate effect.

Barings has revealed an ambitious target of raising over €2 billion of new capital in 2022 in Europe and Asia Pacific, announcing that it closed on €1.7 billion of new commitments in 2021 – up 42% on 2020.

Allianz Real Estate and Ivanhoé Cambridge are investing in a residential portfolio in Tokyo for their USD-2-billion-platform launched in December . This is the first investment on behalf of the Allianz Real Estate Asia-Pacific Japan Multi-Family Fund I (AREAP JMF I).