Deals

Blackstone is in talks to buy the building from Disney-owned Lucasfilm, as part of its strategy to invest in suburban business parks.

In 2020, US and Canadian investors deployed the least amount of capital in the country out of all overseas buying groups, according to RCA.

The Chicago-based broker is poised to close on a deal to acquire the London-based capital advisory firm of Anthony Biddulph, Nick Ridgewell and Luca Giangolini.

Ares and AMP Ltd will form a JV covering AMP Capital’s private markets businesses, including real estate and infrastructure, with Ares assuming control.

Chief executive and founder James Koman said the firm has been utilizing the term – now growing in industry popularity – for the past decade.

The pandemic helped to facilitate the New York-based firm’s foray into the niche real estate sector after a long search for the right entry point.

The firm’s recent realization activities include a successful REIT listing in India earlier this month, which ended up being eight times oversubscribed.

Such is the appetite by private real estate’s biggest organizations that smaller peers are now actively marketing aggregation strategies and are expecting bonuses for their efforts.

If the walls of the David Jones building could talk, they might boast of the competition to buy them, a rarity in the world of physical retail these days

International capital accounted for over 45% of total transaction volume in the sector last year, according to data shared by CBRE.