Shopping bags

Wheeler REIT acquires 21,997 sq ft South Carolina retail centre

Wheeler Real Estate Investment Trust is to acquire Graystone Crossing, a 21,997 square foot retail centre, for a USD5.4 million or USD245.49 per square foot. »


Business

NexPoint Credit Strategies Fund to split business in two

NexPoint Credit Strategies Fund is to separate its business into two separate and independent publicly traded companies. »


Merger

Montello Bridging Finance merges with LendInvest

Peer-to-peer property marketplace LendInvest has merged with UK-based real estate bridging finance lender Montello Bridging Finance. »


Sold sign

BlackRock sells Exchange Tower to Gaw Capital

BlackRock has completed the sale of Exchange Tower to a group of Asian investors led by Gaw Capital Partners for GBP191million, equating to GBP395 per square foot. »


Regulation

Most Belgian REITs seek new operating company status to avoid costly burden of fund-focused AIFMD rules, says EPRA

Most Belgian REITs have called shareholder meetings in the coming weeks to vote on adopting a new corporate status that legally separates them from funds, which face additional regulatory constraints and higher costs imposed by the Alternative Investment Fund Managers Directive (AIFMD), according to the European Public Real Estate Association (EPRA). »


Strada

Zolfo Cooper oversees sale of 43 Strada sites to Sun Capital Partners

Zolfo Cooper has overseen the sale of 43 Strada restaurants to Strada Trading Limited, a subsidiary of SCP Sugar Limited, an entity within Sun Capital Partners, co-founded by industry expert Hugh Osmond. »


Handshake and money

ASB and National Development acquire LEED-certified apartments in Boston’s Green District

ASB Real Estate Investments has acquired the Element, a 100-unit Class-A apartment building that is part of The Green District, a sustainable residential community in Boston’s Allston-Brighton neighbourhood. »


India flag

Hines launches Hines India Residential

Hines has launched Hines India Residential which will invest in multi-phased, for-sale residential developments that require long-term equity capital, with a particular focus in key urban centres including the National Capital Region, the Mumbai Metropolitan Region, Bangalore and Pune. »


Union Jack Pound

M&G Real Estate acquires Grade A office development in Reading for GB33m

M&G Real Estate has acquired R+, a Grade A 100,000 square foot office development in central Reading, for GBP33 million from Consi Investments. »


Germany flag

Bilfinger wins management mandate for German property portfolio

Bilfinger Real Estate has assumed responsibility for managing a core property portfolio of Zurich Group Germany with nine office properties in Hesse and Southern Germany. »


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