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DWS has acquired Logiport Icheon in Icheon, Greater Seoul on behalf of one of its European real estate funds for KRW 61.2 billion in an off market transaction. Newly completed in May 2017, Logiport Icheon is a grade A four level logistics property built to a high specification covering over 45,000 square meters. Its versatile...
Last year saw a return to growth in the loan sales market, with a total of €114 billion of real estate backed loan sales recorded during the year, according to the latest report by CBRE. Despite being a record year for loan transactions, there are still circa €1 trillion of outstanding NPLs held by European banks across all l...
The McArthurGlen Group has announced the appointment of Shaeren McKenzie, currently Group Marketing Director, as its first Chief Brand Officer. In this newly-created role, McKenzie will focus on developing McArthurGlen’s consumer proposition, working in close cooperation with the company’s luxury and fashion brand partners, ...
Allianz joined Gaw Capital to acquire two towers out of the four office blocks in Sky Soho, located in Shanghai’s Hongqiao District. The asset is being acquired by Gaw Capital’s Gateway Real Estate Fund V and its co-investors. Allianz will hold approximately 23% of the equity. Allianz Real Estate undertook this transaction on...
Ivanhoé Cambridge has appointed Karim Habra, LaSalle Investment Management’s head of continental Europe, as Head of Europe. He will be responsible for the company’s European platform and its future growth. Habra, who begins his role in July, will be based in the company’s European headquarters in Paris.
PGGM Private Real Estate and Redevco have launched Urban Retail Ventures, a €550 million European commercial real estate joint venture. Urban Retail Ventures will invest in the most favourable shopping and leisure destinations in Europe, focusing on cities that are winning the battle as quality retail locations. The joint ven...
Cushman & Wakefield has hired Emma Swinnerton as EMEA Head of Flexible Leasing Solutions, a region-wide consultancy role focusing on the flexible office and co-working market. Swinnerton’s experience includes working for Regus, where she held the role of Global Commercial Director for Spaces & New Formats. She began her caree...
In a recent survey of corporate real estate executives at corporations globally, 80% reported that their base salary increased from 2016 to 2017 by an average of 4.6%. In addition, 76% projected further increases of roughly 4% on average in 2018, according to a survey conducted by CoreNet Global and FPL Associates.
The Allrise Financial Group has appointed former Deutsche Bank and Merrill Lynch banker Inna Zhuranskaya as its new chief executive ahead of a push into new European markets. The Debt specialist is planning to launch real estate funds in the US and Europe, and a joint venture in Russia with a major institutional investor.
Cushman & Wakefield expand their research area: On 3. April 2018, Dr Jan Linsin (47) becomes Head of Research Northern Cluster. In this new position, he is responsible for the research domains of the countries Germany, Sweden, the Netherlands, Belgium and Luxemburg.
Deka Immobilien GmbH has sold the “Chevron House” office building in Singapore for around €415 million (S$660m). The international developer Oxley Holdings Ltd., located in Singapore, acquired the property. The property was sold from the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal. The fund sold the “Ch...
JLL has made two senior appointments in its Global Funds Advisory team to strengthen its capital raising and investment advisory capabilities. Georg Frauboes joins as a director and is based in London, while Eugene Kim also joins as a director and is based in Singapore. In their roles, they will be responsible for underwritin...
Cushman & Wakefield, backed by private equity firm TPG, is interviewing advisors to help the company prepare its flotation. According to a New York-based real estate analyst, Cushman’s IPO is likely to value the group at around $7bn (c. €6bn), which may see it challenge JLL for the global second spot in terms of market capita...
Greg Kane, currently executive director on the Investment Research Team, has been promoted to head of European Investment Research. In this role, Kane is responsible for leading the European Research team in supporting the portfolio, asset management, acquisitions and marketing efforts of the regional and global businesses. H...
Commerz Real has acquired the “Kimpton Hotel Monaco” in Philadelphia (USA), for its open-ended real estate find Hausinvest. The seller is the American real estate investor KHP Capital Partners, which specialises in hotels; both parties have agreed to maintain confidentiality on the purchase price. The 4-star boutique hotel is...
AustralianSuper has expanded its mandate with TH Real Estate, appointing the investment manager to advise on opportunities in the office and retail sector in Europe. First appointed in 2013, TH Real Estate has successfully assisted AustralianSuper in its aims to grow its UK property investment portfolio. The team advised in 2...
Hilton Garden Inn opened four new hotels, from the U.S. to Russia to Germany, featuring enhanced food and beverage offerings, modern and contemporary designs, and the brand's hallmark bright and airy décor.
British travel company Thomas Cook has launched a £150 million (c.€170.18million) hotel fund, aimed at acquiring established European resort hotels in popular leisure destinations. The fund is formed in partnership with Switzerland-based LMEY Investments, with Thomas Cook and LMEY transferring two and three properties respect...
