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Global News

Credit Suisse AM and Trinity buy South Florida convention and resort hotel

A joint venture between real estate funds managed by Credit Suisse Asset Management and real estate funds managed by Trinity Fund Advisors LLC, an affiliate of full-service private real estate investment firm Trinity Real Estate Investments LLC (Trinity), today announced the acquisition of The Diplomat Beach Resort in Hollywo...
Monday, 6. February 2023

AXA IM Alts acquires €420 m multifamily portfolio in Japan

AXA IM Alts has acquired a 33-asset multifamily portfolio in Japan for c. €420 million (c. ¥59 billion). Strategically located across the high-density cities of Tokyo, Greater Osaka and Nagoya, the portfolio was acquired, on behalf of AXA IM Alts’ clients, from institutional investors advised by J.P. Morgan Global Alternative...
Thursday, 2. February 2023

Deka divests East Side Hotel in New York

Deka Immobilien has sold the former Marriott East Side Hotel. With the sale of the hotel, which the fund manager had acquired in 2015 for 270 million US dollars in a JV with Ashkenazy Acquisitions Corporation (15%), Deka Immobilien is now drawing a line under the investment that has probably brought it more trouble than profi...
Thursday, 2. February 2023

CBRE IM strengthens EMEA team with Jan-Willem Bastijn

CBRE Investment Management has appointed Jan-Willem Bastijn as Head of EMEA Transactions for Direct Real Estate Strategies. Jan-Willem will be responsible for accelerating EMEA platform growth, as well as leading the transaction teams across 10 EMEA offices.
Wednesday, 25. January 2023

Accor unveils mixed-use real estate platform

Accor today announced the creation of Accor One Living – an industry-first platform dedicated to the integration of innovative hospitality solutions into mixed-used developments. Accor One Living will support the development and operation of branded residences – anchored by managed and franchised Accor hotels and resorts – an...
Thursday, 19. January 2023

Sander Breugelmans to lead Capital Deployment in Europe

Prologis Europe today announced that Sander Breugelmans has been promoted to head of Capital Deployment, Europe, effective as of January 1, 2023. Joseph Ghazal, who now leads Global Capital Deployment for Prologis, previously served as head of Capital Deployment for Europe.
Friday, 13. January 2023

Tristan raises €2bn for EPISO 6

Tristan Capital Partners has completed the capital raising for its latest value add/opportunistic fund series, with equity commitments from investors totalling around €2bn.
Thursday, 12. January 2023

URW sells shopping centres in Connecticut and New York for $196 Mn

Unibail-Rodamco-Westfield (“URW”) today announced that as of Friday, December 30th, 2022 it has completed the sale of Westfield Trumbull located in Trumbull, Connecticut and Westfield South Shore located in Bay Shore, New York to a commercial real estate investment firm.
Tuesday, 3. January 2023

Simon and Jamestown announce closing of strategic partnership

Simon and Jamestown recently announced the completion of their previously announced strategic partnership . Simon expects its 50 percent interest in this best-in-class, global real estate investment and asset management firm to be accretive to earnings.
Wednesday, 28. December 2022

Unibail sells The Village in San Fernando Valley for $325m

Unibail-Rodamco-Westfield (“URW”) has completed the sale of The Village, an outdoor lifestyle destination in the San Fernando Valley of Los Angeles, to the Kroenke Organization. The sale price of $325m (at 100%, URW share 55%), reflects an initial yield of 5.6% on the in-place Net Operating Income, and a 10.6% discount to the...
Tuesday, 27. December 2022

Falling global real estate prices will trigger buying opportunities

The repricing of commercial real estate properties across the globe, ignited by the rising cost of debt following a flurry of interest rate hikes this year, is likely to generate attractive buying opportunities, especially for non-leveraged investors, Dutch institutional investment manager Bouwinvest Real Estate Investors con...
Friday, 23. December 2022

Union Investment lets additional floor to Twin Brook Capital Partners in Chicago

Union Investment is letting the 35th floor of the office building at 111 South Wacker in Chicago to Twin Brook Capital Partners. The direct lending firm moved into its current space in the building in 2018, occupying the 36th floor. Twin Brook is now expanding its space by a further 2,658 square meters.
Tuesday, 13. December 2022