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Global News

CBRE IM increases fund revolving credit facility to €750 million

CBRE Investment Management, on behalf of a fund sponsored by the firm, has increased the revolving credit facility (RCF), from €450 million to €750 million, and added two new strategic banking partners, Crédit Agricole - Corporate Investment Bank (CACIB) and Deutsche Bank AG, Amsterdam Branch.
Wednesday, 13. March 2024

Deka Immobilien buys top properties in Canada

Deka Immobilien has entered into contract to acquire a Class-A office complex in Vancouver from a joint venture between Oxford Properties and the Canada Pension Plan Investment Board. The properties will be added to the portfolio of the Deka-ImmobilienGlobal open-ended real estate fund. The parties have agreed not to disclose...
Friday, 8. March 2024

Columbia Threadneedle promotes Vullo to Head of Real Estate, Europe

Joseph (Joe) Vullo has been promoted to the new role of Head of Real Estate, Europe at Columbia Threadneedle Investments. In this role Joe will provide leadership for Columbia Threadneedle’s Pan European real estate platform, including the UK and Continental Europe.
Thursday, 7. March 2024

Union Investment sells two properties in the centre of Tokyo

Union Investment has profitably sold the Shibuya Prime Plaza office building and the J6 Front office and retail building in Japan's capital Tokyo. Both properties are part of the portfolio of open-ended real estate fund UniImmo: Europa: J6 Front, built in 2008, was acquired in 2014, while Shibuya Prime Plaza, completed in 200...
Friday, 1. March 2024

SVP completes Apcoa acquisition

Strategic Value Partners has completed the purchase of Apcoa from Centerbridge . All necessary approvals have been granted.
Thursday, 8. February 2024

Ares promotes Julie Solomon to Co-Head of Real Estate

Ares Management Corporation promotes Julie Solomon, Global Chief Operating Officer of Ares Real Estate, to Co-Head of Real Estate alongside Bill Benjamin, current Head of Real Estate. Effective immediately, Solomon and Benjamin together will co-lead the Ares Real Estate business globally.
Wednesday, 31. January 2024

Patrizia closes debut real estate impact fund at €500m

Target missed: Patrizia has announced the final close of its debut impact investing strategy at € 500 million. The company has raised equity commitments of around €500 million from ten institutional clients, including the Danish pension fund AP Pension and PKA as the main investors. The fund was originally expected to raise ...
Wednesday, 31. January 2024

Madison strengthens European team

Madison International Realty has hired Jenna Barry as Portfolio and Asset Manager. Based in London with a focus on Madison’s European and UK Property Portfolio, she will report into the firm’s Head of Portfolio and Asset Management, Kim Adamek, who is based in New York.
Wednesday, 31. January 2024

TE Capital, LaSalle buy VisionCrest from Union Investment for $331m

Union Investment has sold the VisionCrest Commercial office building in Singapore to a real estate fund managed by TE Capital Partners and LaSalle Investment Management. According to the buyers, the purchase price is around USD 331 million, making it the largest office deal in Singapore in 2023.
Tuesday, 30. January 2024

Investors adjust allocations to real estate globally

With ongoing macroeconomic uncertainty impacting the global real estate market in 2023, investor appetite for the asset class has slowed, with the gap between average current allocations and target allocations across Europe, Asia Pacific and North America, decreasing for the third year running.
Thursday, 18. January 2024

W. P. Carey announces 2023 investment volume of $1.3bn

W. P. Carey today announced investment volume for the 2023 full year of approximately $1.3 billion, including investments totaling approximately $320 million completed during the fourth quarter.
Wednesday, 10. January 2024

DRC Savills IM enters US real estate debt market

DRC Savills Investment Management has entered into a joint venture with QCP, the owner of Quadrant Real Estate Advisors (QREA), to establish a US real estate debt investment business. This is the first time DRC SIM has offered a US debt investment proposition.
Wednesday, 10. January 2024

Deka Immobilien sells retail property at a profit in Japan

Deka Immobilien has sold a retail property in Tokyo. Don Quijote Co. Ltd. acquired the property from the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal. The parties have agreed not to disclose the sale price.
Wednesday, 27. December 2023

VGP and Areim form €1.5bn joint venture

VGP to announce the establishment of a new 50:50 Joint Venture named “Saga” with Areim, an independent fund manager and property owner headquartered in Stockholm.
Monday, 18. December 2023

Norges Bank buys stake in two Boston properties

Boston Properties has sold a stake in two new Kendall Square lab projects to Norges Bank Investment Management (NBIM), the world‘s largest sovereign wealth fund, signaling continued investor interest in the life sciences sector despite the market‘s slowdown this year.
Monday, 20. November 2023