Real Estate news – Page 243
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Palmira launches third European core logistics property fund
Palmira European Core Logistics Fund plans to invest around €650m
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Madison International backs US life sciences real estate firm IQHQ
Real estate private equity firm invests $100m and has the option to invest up to an additional $100m
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KKR invests $136m in US industrial distribution properties
Buys four industrial distribution properties across the greater Atlanta metropolitan area
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Bouwinvest invests in US life science real estate via Blackstone
Bouwinvest Real Estate Investors invests $60m in Blackstone’s US medical REIT
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Mass PRIM to scrap the use of a general real estate consultant
Switch to project-based model expected to lead to $2m in savings over five years
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Pictet, XLB Property funds join to buy £119m UK office portfolio
Helical agrees to sell The Powerhouse Portfolio of three Manchester office assets to the funds
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KKR buys $32m industrial asset for opportunistic real estate fund
REPA II buys fully-leased industrial property in Phoenix’s Southwest Valley from Cohen AM
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Avanath buys two US affordable housing communities for $45m
Affordable community in San Jose represents firm’s first acquisition in the region
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Ohio BWC to redeem up to $875m from open-ended property funds
Capital redeemed will be used to compensate workers adversely impacted by COVID-19
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ESR Australia buys A$302m logistics portfolio from Propertylink fund
ESR Australia will roll over its stake in PAIP into EALP as part of its 20% stake in that platform
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US life science real estate firm IQHQ raises $1.7bn to pursue expansion
CenterSquare backs IQHQ with $158m commitment
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Connecticut Retirement plans $300m real estate, infra commitments
CRPTF plans to back ISQ Global Infrastructure Fund III, IPI Partners II, TruAmerica Workforce Housing Fund
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Pennsylvania PSERS OKs new real estate, infrastructure allocations
New allocations are part of a plan to hold a diversified portfolio and to cater for market trends
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Investors respond to UK’s plan to usher in a ‘green industrial revolution’
Prime minister outlines programme to ‘build back better’ and accelerate path to net zero
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Civitas buys real estate assets of UK care provider Heathcotes
Envivo has purchased the operational care business of Heathcotes also for an undisclosed amount
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CBRE GI buys 158,510sqm Berlin logistics park for insurer Zurich
Newly-built Airpark Berlin logistics park was acquired from Patrizia for an undisclosed amount
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Mapfre, GLL office fund buys former BBC Radio London HQ
SIEREF-GLL fund pays an undisclosed amount for the 2,700sqm building in Fitzrovia
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China’s CIC takes additional stake in Grosvenor Place building
Dexus sells a 50% stake in the Sydney office tower for A$925m
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Mileway buys 138,000sqft London logistics property in leaseback deal
Mileways pays an undisclosed amount to buy the asset in Purfleet from DSV Road
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PGIM Real Estate European core strategy buys first Dutch asset
Manager also provides $408m loan facility on behalf of its US core-plus debt strategy