Thumbs up

Bedell Trust authorised to provide depositary services from London and Jersey

Bedell Trust has received regulatory approval and a variation of permission from the Financial Conduct Authority (FCA) to provide depositary services to UK alternative investment funds (AIFs) as well as "depositary-lite" services to non-EEA AIFs from its London office. »


British pounds

SEGRO acquires remaining interest in logistics property partnership JV from MREF II

SEGRO has acquired the remaining 50 per cent interest in the Logistics Property Partnership (LPP) joint venture from Moorfield Real Estate Fund II (MREF II) for GBP95.6 million. »


Spain flag

Hispania acquires 199 dwellings in Madrid for EUR29.9m

Hispania Activos Inmobiliarios, through its subsidiary Hispania Real SOCIMI, has two residential buildings totalling 199 dwellings located in the Madrid region – 115 in Majadahonda and 84 in San Sebastián de los Reyes. »


Asia Pacific

Asia Pacific now represents 35 per cent of global listed real estate market

From a low of around 20 per cent 10 years ago, Asia Pacific now represents around 35 per cent of the global listed real estate market, according to a report commissioned by APREA. »


Shopping bags

Slate Retail REIT acquires shopping centre in Norfolk, Virginia

Slate Retail REIT is to purchase East Little Creek, a 100 per cent occupied, 69,620 square foot grocery-anchored shopping centre in Norfolk, Virginia for USD9.85 million or USD141 per square foot. »


Accounts

Turner & Townsend boosts global turnover to GBP375m

Global programme management and construction consultancy Turner & Townsend has increased its turnover by 12 per cent to GBP357.4m in the year ended 30 April 2014.

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Canada flag

Allied Properties REIT sells non-core asset and acquires Toronto property

Allied Properties REIT is to sell 860 Richmond Street West in Toronto for USD6.3 million. »


Globe

SLI re-launches global real estate fund

Standard Life Investments (SLI) has re-launched its GBP420m Select Property Fund as the Standard Life Investments Global Real Estate Fund. »


Handshake

Mark Burton joins Strategic Partners to lead secondary real estate business

Mark Burton has joined Strategic Partners Fund Solutions to lead its real estate secondaries practice. »


Document signing

MetLife and Norges Bank Investment Management buy One Beacon Street in Boston

MetLife and Norges Bank Investment Management have bought the One Beacon Street office building in Boston for approximately USD561 million. »


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