European flags

Pan-European property fund performance at seven year high

Pan-European real estate fund returns were at their highest level since 2007 in the second quarter of 2014, reaching 3.2 per cent for the quarter, according to the IPD Pan-Europe Quarterly Property Fund Index. »


South East Asia

KKR strengthens Southeast Asia team with new hires

KKR has appointed Jaka Prasetya, former managing partner and founder of Leafgreen Capital Partners, as managing director to lead the firm’s Indonesia efforts as well as credit and special situations initiatives in Southeast Asia. »


Japanese Yen

Nippon Prologis REIT to issue new investment units

Japanese real estate investment trust Nippon Prologis REIT (NPR) is to issue new investment units. »


Handshake

Gables Residential adds Sang Park to lead asset management group

Gables Residential has hired Sang Park as vice president, asset management, responsible for overseeing asset management functions for the Gables portfolio. »


Ireland flag

Hibernia acquires riverside development site in Dublin’s South Docks for EUR17.75m

Hibernia REIT has exchanged contracts to acquire a 0.75 acre freehold site at 1-6 Sir John Rogerson’s Quay, Dublin 2 for EUR17.75m in an off-market transaction.  »


Euros

P3 acquires EUR523m Czech logistics portfolio

PointPark Properties (P3) is to buy 627,000 square metres of logistics warehouses and associated development land in the Czech Republic from two funds advised by Tristan Capital Partners and VGP for EUR523 million. »


Sell

Supertel Hospitality sells Stone Mountain Savannah Suites

Real estate investment trust Supertel Hospitality has sold the 140-room Savannah Suites in Stone Mountain, Georgia for USD1.5 million.  »


Handshake and money

Canyon Funds acquires the Broadway Trade Center in downtown LA

Canyon Capital Realty Advisors and Hudson Pacific Properties have committed to and funded the first tranche of a USD140 million senior bridge loan to a joint venture between Waterbridge Capital and Jack Jangana. »


Shopping bags

Inland Real Estate JV acquires shopping centre in Indiana

Inland Real Estate Corporation’s joint venture with PGGM has acquired the Princess City Plaza shopping centre in Mishawaka, Indiana for USD28.6 million in cash, subject to future earnout payments. »


New York

JTC Group opens new office in New York

JTC Group has opened a second representative office in the US, adding New York City to its presence in Miami. »


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