Report

INREV launches new non-listed real estate industry guidelines

INREV, the European Association for Investors in Non-listed Real Estate Vehicles, has launched new industry guidelines at its annual conference in Berlin. »


Grocery bag

L&G forward funds GBP39.6m Asda superstore in Kent

Legal & General has forward funded a 73,300 square foot Asda Superstore at Chatham Docks, Chatham Waters, Kent, allowing it to commence works on its circa GBP650m development scheme.  »


Texas

TAYO forms real estate division

Taylor Consulting (TAYO), a Texas-based sports consulting company, is forming a new division to expand the company’s business into the multi-billion-dollar US real estate market. »


Sold sign

Madison Realty Capital sells four-building multifamily property in Manhattan for USD24.25m

Real estate private equity firm Madison Realty Capital (MRC) has sold a four-building multifamily property, located on West 111th Street in northern Manhattan, for USD24.25m to Acuity Capital Partners. »


London

Karlin Real Estate opens London office

Los Angeles-based Karlin Real Estate has opened its first overseas office in London, as part of the firm’s strategy to invest up to GBP600m (USD1bn) in commercial real estate assets in Europe through both its debt and equity platforms. »


Accounts

C&W’s gross revenue up 21.9 per cent in 2013

Cushman & Wakefield has reported an increase in gross revenue of 21.9 per cent to a record USD2,498.6m for the year ended 31 December 2013, compared with USD2,050.1m a year ago. »


Germany flag

German open ended property funds return zero per cent in March

The latest monthly IPD German Monthly Open-Ended Property Fund Index (OFIX) for March 2014 showed a return of zero per cent, with the sub-index for globally invested funds returning 0.3 per cent. »


Japan flag

Goodman completes Goodman Sakai, Osaka Bay

Goodman Group has held an official opening ceremony in Japan for Goodman Sakai, a landmark warehouse and distribution facility in Sakai, Osaka Bay. »


Lease

AEW Europe lets 1,346 sq m in ETIK office building

AEW Europe, acting as the asset manager, has let 1,346 square metres to a new tenant in the ETIK office building in Boulogne near Paris. »


Germany

Valad Europe appointed on EUR325m Bridge Portfolio mandate in Germany

Valad Europe, the diversified real estate investment manager, has been appointed to asset manage the Bridge Portfolio of six office properties located across Germany. »


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