News – Page 391
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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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EQT launches ESG credit facility for infrastructure portfolio firms
The ESG-link SCF is currently at €2.7bn and has an upper limit of around €5bn
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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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GLIL Infrastructure buys 30% stake in UK rolling stock fleet
Agility Trains East owns 65 new intercity trains operating out of London Kings Cross
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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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French real estate manager Oreima raises initial €215m for fund
Oreima IV fund is expected to raise €300m in total by the end of next year
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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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People moves: Tritant to replace Cuvillier as Unibail CEO [updated]
Delancey appoints Berger property and funds director
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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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Minnesota SBI to double commitments to Oaktree property funds
Pension fund seeks approval to add $100m each to Debt Fund III and Opportunity Fund VIII
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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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Brunel pools £840m of fresh UK pension capital for infrastructure
Capital will be invested via two vehicles managed by StepStone Infrastructure and Real Assets
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UK's lagging infrastructure needs boost to meet net-zero target
PwC report says £400bn of green infrastructure investments needed over the next decade
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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