Beginning with a £95m investment in a London dormitory, the private equity real estate firm is set to expand its student accommodation brand across Europe.
For good or ill, two subjects seem to dominate cocktail hour and dinner party conversations across New York City. The first is new restaurants. The second is real estate. One’s profession probably comes in a distant third. Â
Japanese property company DaVinci has acquired 40,000 square meters of office space in central Tokyo from Hong Kong businessman Richard Li. It is considered by some to be Asia’s largest single-asset real estate transaction.
The Pennsylvania-based real estate investment firm has already committed approximately a third of its new vehicle and expanded beyond the mid-Atlantic region with its first buy in Chicago.
The private equity arm of Standard Chartered has invested $33 million in an auto component market based in India.
A luxury condo conversion in Midtown Manhattan with interior touches by fashion designer Peter Som has been sold to the hotel company Hyatt amid a softening condo market.
As institutional investors expand their definition of real estate to include infrastructure and other alternatives, wind farms are drawing their attention. And their dollars.
Robert Johnson’s second hospitality fund will have $2.5bn in buying power, most of which will be used to acquire a $1.7bn hotel portfolio from White Lodging Services.
The global investment manager is launching five property funds including two inaugural vehicles focused on infrastructure and healthcare.
The Robert Bass-led buyout shop acquired the company, which operates travel stops along US highways, for $731m in 2000.
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