Knight Frank
Foreign Investment Update: Where Capital Will Travel in 2021
Singapore and South Korea boosted their year-over-year investments in U.S. real estate by 48 percent in 2020 and are expected to remain active this year.
Hines Global’s Got Royal Mail in Scotland
The $32.7 million purchase of the sorting warehouse in Edinburgh marks the trust’s third investment in U.K. logistics properties this year.
Family Office Investment Strategies
The stewards of family wealth are raising their profile, snapping up trophy towers, Sunbelt communities and everything in between. What’s behind their often opaque investments?
Centuria to Buy $89M Australian Office Gem, Start New Fund
The Sydney-based investment manager will acquire 80 Flinders St., a 130,800-square-foot property in Adelaide, from a Lendlease Australian affiliate and use the transaction to launch a new fund.
Tekka Place Tops Out in Singapore
Lum Chang Holdings and LaSalle Investment Management near completion of the mixed-use project, which will consist of 320 apartments and 70,000 square feet of retail.
Salesforce Inks Largest Office Lease in Ireland
The software powerhouse has signed on for 430,000 square feet, a record for office space in Ireland, at Spencer Place in Dublin.
CPPIB, Goodman Boost China Commitment to $5B
The $1.75 billion capital infusion will expand the partners’ logistics footprint in the country, with CPPIB allocating $1.4 billion and Goodman $350 million.
CapitaLand Sells $1.3B Mall Portfolio in China
The Singapore-based real estate company will sell the collection, which totals roughly 8.6 million square feet, to China Vanke Co. The transaction is expected to close later this year.
Hines to Redevelop London Office Asset
The redevelopment of 25 Cabot Square will bring approximately 200,000 square feet of new office space to the market. The project is scheduled for completion in late 2018.
Economy Watch: Wealthy Individuals Playing Larger Role in CRE Investment Sales
Private investors accounted for nearly 30 percent of all transaction volumes in 2016, with particular interest in residential and commercial properties in some major U.S. cities, according to Knight Frank’s latest wealth report.