Institutional Real Estate Newsline
February 22, 2013: Volume 21, Number 8Buy For $65.00 Add to Cart
Ferrovial buys U.K. utility service company for $589 million
Spanish infrastructure group Ferrovial has agreed to buy U.K. utility services company Enterprise from 3i Group for $589 million, doubling the size of its business in the United Kingdom.
H/2 Capital raises $475 million for core real estate debt fund
Stamford, Conn.-based H/2 Capital Partners has raised $475 million for its H/2 Core Real Estate Debt Fund.
Bascom raises $11.5 million for second fund
The Bascom Group has raised $11.5 million for its Bascom Value Added Apartment Investors II.
SFERS makes two separate real estate commitments
The $16.7 billion City & County of San Francisco Employees' Retirement System (SFERS) has committed $90 million to two opportunistic real estate funds.
VRS invests $50 million in Japan-focused fund
The $55.5 billion Virginia Retirement System (VRS) has approved a $50 million commitment to Fortress Japan Opportunity Fund II.
RREEF to sell German residential portfolio
Deutsche Bank AG's RREEF property investment unit and Prelios SpA plan to sell German homes valued at approximately €1 billion ($1.3 billion).
CBRE Global Investors to sell U.S. office portfolio
CBRE Global Investors has begun marketing a portfolio of high-quality office properties located in several strong growth markets across the United States.
Leighton Holdings to sell infrastructure assets in A$619.5 million deal
Leighton Holdings is in exclusive talks to sell 70 percent of its telecommunications infrastructure assets to the Ontario Teachers’ Pension Plan for A$619.5 million ($640.1 million).
China Vanke Co. chooses Tishman to be its first North American partner
Tishman Speyer and China Vanke Co. have formed a joint venture to develop a premier high-rise residential condominium project at 201 Folsom St. in San Francisco.
Abu Dhabi to invest in Marriott Hotels
Abu Dhabi’s sovereign wealth fund, Abu Dhabi Investment Authority, has plans to purchase 42 hotels managed by Marriott International and controlled by the Royal Bank of Scotland for $992 million.
LaSalle appoints new global COO
LaSalle Investment Management has named Elisabeth Stheeman as global COO. She will be based in London.
Rockpoint and Highgate selling Manhattan property for $650 million
A venture between Rockpoint Group and Highgate Hotels is selling the Milford Plaza Hotel in Manhattan, selling the land, the hotel and the retail space in three separate transactions.
Keppel Land China buys stake in Shanghai mall
Singapore-based Keppel Land China and Alpha Investment Partners have acquired an 80 percent stake in Life Hub @ Jinqiao center, a mall in Shanghai comprising 1.06 million square feet of retail space and 173,000 square feet of office space.
SL Green closes $900 million refinancing of Manhattan high-rise
SL Green Realty Corp. has closed on a $900 million first mortgage refinancing of 1515 Broadway, a 1.6 million-square-foot office tower in New York City.
Stockbridge, sbe Entertainment and Daniels Real Estate plan hotel development
Stockbridge Capital Group, sbe Entertainment and Daniels Real Estate have $400 million development plans for SLS Hotel Seattle.