Aviva Investors has acquired, through its Lime Property Fund, the freehold interest in a hotel development site in the Docklands, East London, adding to its portfolio of long-income real estate assets.
UK Commercial Property REIT Limited (UKCM), which is managed and advised by Aberdeen Standard Investments and owns a diversified portfolio of high quality income-producing UK commercial property, has completed the sale of Meadowside House, an office investment in Apsley, Hemel Hempstead, to Aprirose.
Palm Logistics has secured its first major pre-let with Grupo Talentum, a leading Spanish logistics company, at Los Gavilanes Business Park in Getafe, Madrid, where Palm Logistics is developing a new circa 1,250,000 sq ft (116,000 sq m) strategic logistics hub.
Gregory Property Group has appointed Tracy Sormus as Company Secretary and Accountant. Sormus joins as Marjorie Robertson, who has served the Group for over 20 years, steps down from the role for retirement.
Astrea Asset Management, which manages and operates the prestigious Berkeley Square Estate in London's Mayfair, has appointed Rob Rotbart as Construction & Cost Director.
Mileway, a pan-European last mile logistics real estate company, has appointed Panayot Vasilev as Chief Financial Officer (CFO).
Bridge Investment Group (Bridge) and its subsidiaries Bridge Multifamily Fund Manager, Bridge Debt Strategies Fund Manager, and Bridge Development Fund Manager, have raised and plan to deploy USD4.5 billion of equity over the next three years.
Granite Real Estate Investment Trust (Granite) is to acquire three prime logistics properties, together comprising nearly 80,000 sq m, at a combined purchase price of approximately EUR89 million.
Phillips Realty Capital (PRC) has structured a USD27,800,000 equity financing on behalf of Woodfield Development. Argosy Real Estate Partners (AREP) provided a joint venture equity investment toward the development of Morrison Yard, a 380-unit, trophy multifamily community in Charleston’s Morrison Drive (NoMo) neighbourhood on the Upper Peninsula.
Blackstone has appointed Gilles Dellaert, former Co-President and Chief Investment Officer of Global Atlantic, a retirement and life insurance company, as the Global Head of Blackstone Insurance Solutions (BIS).