Asia Digest: Korea's ESR Kendall, PGIM Real Estate acquire logistics assets
ESR Kendall Square REIT and New York-based PGIM Real Estate have struck deals to acquire logistics assets.
Source: dealstreetasia.com
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Nine Must Reads for the CRE Industry (June 3, 2021)
Must reads from around the commercial real estate industry for June 3, 2021.
Source: wealthmanagement.com
Stockland and J.P. Morgan Asset in logistics joint venture
Australian property investment firm Stockland and J.P. Morgan Asset Management have formed a joint venture to invest in logistics and industrial assets in Australia, starting with a portfolio of around US$400 million, and increasing to over $1 billion by 2023. The joint venture “will primarily target the acquisition of established assets with solid, reliable income streams”, Stockland says in a statement on December 24. The portfolio will be seeded initially with two properties in Melbourne which Stockland is buying from unnamed sellers for $110 million. The joint venture will then acquir...
Source: asiaasset.com