JLL Capital Markets secured a USD545 million loan to finance 711 Fifth Avenue in New York on behalf of the development group led by SHVO, including Deutsche Finance America and BLG Capital. Goldman Sachs led the financing.
Glenhawk has agreed a new senior funding line with JP Morgan, which will support Glenhawk’s ambitions to grow its UK loan book to GBP200 million by the end of 2021.
Oxford Properties Group (Oxford), a global investor, developer and manager of commercial real estate, and Delancey Real Estate Asset Management Limited (Delancey), have raised up to GBP250 million from Swedish pension find Alecta for DOOR, a build-to-rent platform with a target of GBP1.3 billion.
Garbe Industrial Real Estate is building a 10,000 square metre production property with storage and handling areas in Buggingen, about 30 kilometres southwest of Freiburg im Breisgau, for SLG Kunststoff.
London Central Portfolio has appointed Andrew Weir, as its new Chief Executive. Weir has over 30 years of experience in the property sector, having been involved from the early stages of setting up Foxtons to managing its growth and creating one of the best known brands in the industry, taking it from private ownership to private equity and initial public offering.
AEW has acquired a modern last mile distribution centre located in Erfurt, central Germany. The asset has been acquired on behalf of a German separate account from GIEAG Immobilien AG, the Munich based developer.
Funds advised by Round Hill Capital, a global real estate investment, development and asset management firm, and NBK Capital (NBK) have acquired a 368-bed student accommodation development in The Liberties area of Dublin 8.
International real estate adviser Savills has acquired Macro Consultants, a project management firm in North America, for an undisclosed sum.
KGAL Group generated new business volume of approximately EUR1.6 billion in 2019 within its Real Estate, Infrastructure and Aviation asset classes.
Dashflow for CRE – a proptech app for commercial real estate investment appraisals – has appointed Pawel Zbros as its Director of Sales & Marketing.