Corporate Real Estate

deVere Group, which has US $12bn under advisement, has announced the temporary closure of its UK property investment division as inflation fears suggest the Bank of England will need to hike interest rates more aggressively to combat rising prices.

abrdn plc's Airport Industrial Property Unit Trust (AIPUT) has secured 350m of new debt financing from Wells Fargo to deliver a transformational investment programme for its prime industrial real estate portfolio in the United Kingdom.

CREFC Europe, a trade association for real estate lenders and the European real estate finance market, has announced its new Chair Elect at its Annual General Meeting. Nassar Hussain of Brookland, already a member of the CREFC Europe Board, has stepped into the Chair Elect role.

European investment fund manager and real estate debt business DRC Savills Investment Management has appointed Steve Willingham as Head of Asia.

Cushman & Wakefield and commercial real estate finance company Greystone Servicing Company LLC have recruited a team led by former CBRE Capital Markets Executive Vice President, Craig Branton, to their multifamily equity, debt and structured financing (EDSF) operation in Denver, Colorado.

EMCOR Facilities Services, Inc. (EFS), a division of EMCOR Building Services, and EMCOR Group (UK) plc (EMCOR UK) have been awarded a five-year contract with Siemens Energy.The contract spans 49 sites across the United States and Canada in North America and 30 sites across 10 countries in Europe,

Alternative property lender Cohort Capital has funded a 70 million facility for the acquisition of Lillian Penson Hall, a 100,000 sq ft purpose-built student accommodation (PBSA) development in the heart of London. The buyer is LPH Paddington Ltd, a company majority owned by Union Property Develo

Leading German real asset and investment manager Wealthcap is using MeteoViva's predictive building control system to reduce energy use and CO2 emissions in a commercial location at Ganghoferstrasse 27-29 in Munich.

Start Living, a single-family build-to-rent joint venture between TPG Real Estate Partners and Gatehouse Bank PLC, is implementing the MRI Living suite of solutions to drive operational efficiencies for their property management portfolio.

Handelsbanken Wealth and Asset Management is urging professional landlords in the United Kingdom to plan for the future following a survey finding that 52 per cent of owners of small portfolios of four or more properties have no succession planning.

Savills Investment Management ("Savills IM"), the international real estate investment manager, has acquired Pitmore, the UK Development and build-to-rent (BTR) specialist, as a key part of plans to grow its UK residential and BTR platform.

The Gateway Marketplace shopping center in Idaho has executed new leases with PGA TOUR Superstore and Chicago Fire Pizza in transactions brokered by Cushman & Wakefield's retail team.

Emaar Properties has announced it will acquire Dubai Holding's stake in its joint-venture Dubai Creek Harbour development with Dubai Holdings in a cash and shares deal that will make Sheikh Mohammed bin Rashid al-Maktoum's personal investment portfolio the second largest shareholder in the Em

Cushman & Wakefield has welcomed a six-member multifamily brokerage team with over 225 recorded sales across almost 10,000 residential units and transactions exceeding US $1.5 billion to its office in Seattle.

AMP&RSAND has signed a lease with Harley Ellis Devereaux Corp (HED) at its creative office redevelopment on the site of the former San Diego Union-Tribune Publishing Company campus in San Diego's Mission Valley area in a deal brokered by Cushman & Wakefield.

The Philadelphia Eagles have announced a multi-year partnership with The Bellwether District, the 1,300-acre sustainable development in Southwest Philly being reinvigorated into an economic engine and welcoming space for all of Philadelphia.

Investment manager Stanton Road Capital, LLC, has executed a five-year lease renewal with Rakuten Americas for a full floor and a half of the Union Park Center III in Cottonwood Heights, Utah.

Aviva Investors is extending the deadline to enter the Aviva Investors Sustainability Media Awards 2022. The new deadline will be Friday, 12th August 2022.

Cushman & Wakefield has represented Regent Properties in the disposal of three Class A assets in Carlsbad (San Diego), California for a combined price of US $130.75 million. The North San Diego County portfolio consists of ATLAS, a 230,957-square-foot office/R&D campus along with two

Phoenix-based commercial real estate investor and developer ViaWest Group is making its first foray into the Denver market with the construction of a 134,400 sf industrial facility.