Real Estate News – Page 294
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UBS Trumbull Property Fund to lower retail and office exposure
Open-ended core fund now has a $7bn redemption exit queue
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Ares and Griffin Real Estate buy Polish housebuilder Murapol
The companies have paid an undisclosed sum to buy a 98.04% stake in Murapol
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CBRE GI acquires last-mile logistics asset in California’s Inland Empire
The Gateway South Building 5 distribution facility at 945 South Sunnyside Avenue in is fully leased
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Nebraska Investment to hire Morgan Stanley as core property fund manager
The Morgan Stanley Prime Property Fund will replace the UBS Trumbull Property Fund
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Mass PRIM plans up to $400m direct property investments in 2020
The pension fund directly owns three properties valued at $686.6m
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Three European schemes commit €130m to Nuveen European cities fund
European Cities has now raised €1.3bn from 24 investors based across the globe
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Elion Partners invests in Florida last-mile logistics asset
The 158,000sqft asset at 1111 Southwest 30th Road in Deerfield Beach was acquired for $22m
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Unibail, Crédit Agricole and La Française to form €2bn mall portfolio JV
Crédit Agricole and La Française will own a 54.2% stake in the JV which will own five French shopping centres
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People moves: LGIM Real Assets appoints Chan ESG head [updated]
Stallwood and Pickering join Aviva Investors real estate development team as directors
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CPP Investments and Goodman add $2.5bn to US logistics partnership
Goodman will allocate $1.4bn and CPP Investments is putting $1.1bn in GNAP
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Hines value-add fund buys London West End mixed-use scheme
HEVF 2 acquired the 37,414sqft 80 New Bond Street & 325 Oxford Street building from Aviva Investors
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Texas Teachers places $250m into opportunistic real estate funds
Committing $100m and $150m respectively to Square Mile Partners VI and PAG SCREP VII
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Poly Australia pays A$270m for 59 Goulburn Street building [corrected]
SC Capital’s RECAP IV fund jointly acquired the asset in 2017 for A$158m
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Union Investment buys €800m European logistics properties from Garbe
Logistrial Real Estate owns 13 existing properties and 6 development projects
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Walton Street raises $1.52bn for follow-up real estate debt fund
Walton Street Real Estate Debt Fund II exceeded the initial $1.25bn target
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Singapore’s GIC pays RMB8bn for Beijing’s LG Twin Towers
LG Group sold the two office towers and retail podium asset located in Beijing’s Guomao CBD
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LaSalle core European property fund adds Dutch logistics asset
Encore+ fund paid an undisclosed sum to buy the Bleiswijk Urban Logistics Center from ULP Bleiswijk B
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Simon Property to buy Taubman Centers in $3.6bn deal
Simon Property is offering $52.50 a share in cash to buy an 80% stake TRG
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Aberdeen Standard adds first Singapore asset to global real estate portfolio
ASI paid S$54m to buy the assets fully-let assets along 48 to 56 Peck Seah Street
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LACERA replaces separate account manager Vanbarton with Clarion
The real estate relationship with Vanbarton was ended due to underperformance and accounting irregularities