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The news that ProLogis and AMB could merge underlines the notion that real estate’s ugly duckling is looking more attractive. 
GI Partners, RREEF take over running the 47m sq. ft. CalEast portfolio on behalf of the California public pension following poor performance during the past three years. GI hires ex-KKR real estate head John Saer to run the deal.
PREI was one of four real estate firms seeking to raise $1.3bn from Mexican pensions via the country’s stock exchange.
Sydney-based real estate fund manager, Charter Hall, has launched an Australian industrial real estate investment fund with the purpose of acquiring up to A$200m of assets.
GI Partners has teamed up with Boston-based STAG Capital to acquire up to $200m of industrial real estate across the US.
The US opportunity fund manager has partnered with a newly-formed asset management company to acquire 14 assets
The property group has mandated HSBC Mexico to act as fiduciary and help raise a $256m industrial fund focusing on investments in logistics platforms across Mexico City, Guadalajara and Monterrey. The new vehicle will target returns of between 13% and 16% and is expected to be fully invested in four years’ time.
The Boston-based real estate fund manager has bought three industrial complexes in Silicon Valley, California just days after selling a Massachusetts office block for a 9% profit.
Real estate investment firm Intercontinental Real Estate Corporation has acquired a portfolio of six industrial buildings in Arizona, just as Chicago-based Harrison Street Real Estate Capital scooped up 19 self-storage properties across the US.
The New Jersey-based private equity real estate firm has added a 91,388-square-foot industrial building to its portfolio. The deal is the latest in a US industrial buying spree for the firm.
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