Institutional Real Estate Newsline
November 28, 2014: Vol. 22 No. 48Buy For $65.00 Add to Cart
Gaw Capital buys another London office
Chinese insurance company Taikang Life Insurance and Gaw Capital Partners have made an offer for the Milton Gate office property in London’s CBD.
North Dakota commits up to $105m to infrastructure
The North Dakota State Investment Board has committed $105 million to an infrastructure fund managed by Grosvenor.
South Carolina to commit up to $900m to real estate separate accounts
The South Carolina Retirement System Investment Commission has committed $450 million to two real estate ”fund-of-one” separate accounts and could commit an additional $450 million to the separate accounts.
GIC forms JV to invest $500m in Indonesia
Singapore’s sovereign wealth fund GIC has formed a partnership with Rajawali Group to jointly invest $500 million in property projects in Indonesia.
Griffin Capital REIT to merge with Signature Office REIT
Griffin Capital Corp., on behalf of Griffin Capital Essential Asset REIT, has entered into a definitive merger agreement with Signature Office.
Texas School Fund commits $150m to real estate
The Texas Permanent School Fund has committed $150 million to real estate, divided between two managers.
Arizona Public Safety commits up to $122m to noncore real estate
The $8 billion Arizona Public Safety Personnel Retirement System has committed up to $122 million to noncore real estate.
Beacon Capital buys 50% interest in Manhattan office
Boston-based Beacon Capital Partners has purchased a 50 percent partial interest in the office located at 85 Broad St. in Manhattan.
Two Australian assets sell for $745m
In separate deals, an office building and a hotel in Sydney have sold for approximately $744.6 million.
OCERS commits $100m to private energy fund
The Orange County Employees Retirement System has committed $100 million to the Kayne Private Energy Income Fund.
Fort Worth commits $20m to high-yield real estate
The Fort Worth Employees' Retirement Fund has committed $20 million to Hammes Partners II.
CalSTRS and Parkway Properties trade Austin assets
The $189.08 billion California States Teachers' Retirement System and its joint venture partner Parkway Properties have traded interests in five properties in Austin.
Galliard Homes and Cain Hoy form £1b residential JV
London-based residential developer Galliard Homes has established a joint venture with Cain Hoy Enterprises to invest to £225 million ($352.8 million) in new residential projects.
KSL Capital launches fourth fund
Denver-based KSL Capital Partners has launched a fourth fund, according to an SEC filing.
Texas Teachers invests $200m in automotive real estate
The Teacher Retirement System of Texas has committed $200 million to a fund that invests in car dealership properties.