International
LaSalle Launches Real Estate Fund in Japan
The private open-ended core real estate fund started with six assets and $560 million of equity commitments from Japanese investors.
World’s Highest Retail Rents in 2019
Hong Kong’s Causeway Bay secured a second year at the top of Cushman & Wakefield’s 2019 “Main Streets Across the World” report. The city’s retail market has changed during the third quarter, however.
LaSalle Investment Consortium Makes Canadian Purchase
LaSalle Canada Property Fund was joined by three other firms to acquire Edmonton City Centre, a 1.4 million-square office, retail and parking portfolio.
Amazon’s First Fulfillment Center in Quebec
Located in the borough of Lachine in Montreal, the new facility will commence operations in time for the 2020 holiday shopping season.
Phoenix Property Investors Closes $1.2B Fund
The private equity group closed its third Asian real estate fund at a level significantly exceeding its $900 million target.
GIC Becomes Sole Owner of 415 KSF Beijing Office Asset
The global investment firm acquired the remaining 50 percent interest in the 42-story building.
World’s Largest Floating Wind Farm to Come Online in 2019
The WindFloat project is developed by the Windplus consortium, which is jointly owned by EDP Renewables, ENGIE, Repsol and Principle Power off the coast of Portugal.
Greenfield Development in CEE: Bucharest’s Ambition
The $2 billion Bucharest Centenary mixed-use project is set to breathe life into a 247-acre swath of land in the middle of Romania’s capital.
Hines Fund Makes Berlin Debut With $178M Acquisition
The nine-story Atrium Charlottenburg totals 430,000 square feet of rentable office space.
Ascendas REIT to Buy US, Singapore Assets for $1.2B
The Singapore-based company will acquire 4 million square feet of business park properties from its controlling unitholder, CapitaLand Ltd., in a deal marking its debut in the American market.