Green light

Hines acquires landmark Fort Worth building

Hines has acquired the landmark Chesapeake Plaza, a 409,977-square-foot, 20-storey, Class A office building located on more than 14 acres of land along the Trinity River in Fort Worth's central business district. »


Toronto

Allied Properties REIT acquires USD100m Toronto property

Allied Properties Real Estate Investment Trust is to purchase 555 Richmond Street West in Toronto for USD100 million. »


Handshake

Kennedy Wilson names senior managing director of properties group

Real estate investment and services company Kennedy Wilson has hired Jeffrey Utterback as senior managing director in the firm’s properties group. »


Germany flag

German institutional property funds up 0.5 per cent in Q2, says IPD

German institutional property funds produced a total return of 0.5 per cent at the fund level (NAV) in Q2 2014, according to the IPD/BVI German Quarterly Spezialfonds Index (SFIX). »


US flag

PREA/IPD US Quarterly Property Fund Index up 3.0 per cent in Q2

The PREA/IPD US Quarterly Property Fund Index reported a gross fund-level total return of 3.0 per cent for the second quarter of 2014. »


One finger

Carter Validus Mission Critical REIT II acquires first property

Carter Validus Mission Critical REIT II has acquired its first property, Cy-Fair Surgery Center, a 13,645 square foot ambulatory surgery centre located in Houston, Texas. »


Shopping bags

M&G Real Estate acquires GBP156m South Wales retail park

M&G Real Estate has acquired Parc Trostre, Llanelli for GBP156 million, reflecting a net initial yield of 5.07 per cent. »


Up arrow

Demand for Prime Central London residential still growing, says LCP

Land Registry statistics for Q2 2014 show that global demand for Prime Central London (PCL) residential property continues to increase, according to London Central Portfolio (LCP). »


Handshake

LaSalle adds to special situations team

LaSalle Investment Management has appointed Daniel Pottorff as a director in the firm’s debt investments and special situations team, which currently manages EUR1.9 billion in capital.  »


Accounts

Charities Property Fund AUM rises 380 per cent in five years

The Charities Property Fund, a flagship fund of Cordea Savills, has delivered an average total return of 10.8 per cent per annum in the past five years compared to 9.1 per cent for the AREF All Balanced Funds Index. »


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