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Global real estate Emaar Properties has announced plans to build its first 3D printed home in Dubai. The company said, this is the first step towards Emaar’s ambition to be a leading adopter of advanced construction technologies. Emaar has awarded the contract to 3D print a model home in Arabian Ranches III. The construction will …
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Sheik Zayed Housing Programme (SZHP) and The UAE’s Islamic Affairs and Charitable Activities Development (Iacad) have delivered 38 housing units to low-income Emirati families as part of the latter’s Modon Al Khair — the Arabic-language term for ‘cities of goodness’ — initiative, which is being implemented as part of Article 9 within the Fifty-Year Charter …
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Dubai Furniture Manufacturing Company (DFMC) has announced the opening of the first of its kind Serta flagship store at The Dubai Mall, one the world’s largest shopping malls. The store spans over 2,200 square feet. It offers a unique shopping experience which gives a sense of ultra elegance and feel good, making the store visit …
Real estate manager Barings has acquired a fully-let French logistics asset with development opportunity from developer Vectura. Barings bought the 40,000 square metre asset in Muret. Also, it has entered into an agreement to forward fund the development of a 23,000 square metre extension of the property.Financial details were undisclosed. Séverine Maumy-Laffineur, managing director and …
M7 Real Estate’s Central European Real Estate Fund I (M7 CEREF I) sold the Aerozone Logistics Park in Hungary to JTRoss Group. M7 said that it sold the multi-let logistics asset in Budapest to JTRoss for an undisclosed sum. Aerozone Logistics Park comprises 50,000square metre of logistics space. M7 acquired the asset in March 2017 …
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San Francisco Employees’ Retirement System (SFERS) is expected to invest around $800m in real assets a year for the next three years. Investment consultant Cambridge Associates disclosed that the amount was based on a 4% overall growth in the pension fund’s $3.9bn real assets portfolio, according to in a meeting document.The new projection is lower …
Primonial REIM bought a total of 16,500 square meter of assets in 22 Dutch city centres on behalf of two its funds for an undisclosed sum. The REIT has agreed its first deal in the Netherlands with the acquisition of a portfolio of 42 retail assets. Grégory Frapet, Chairman of the executive board at Primonial …
AXA Investment Managers – Real Assets has bought a hotel in Amsterdam city centre on behalf of clients for an undisclosed sum. AXA IM – Real Assets said that the acquisition of the 29,710 square metre DoubleTree by Hilton Amsterdam Central Station is the fifth addition to its Amsterdam hotels portfolio.In addition, the hotel is …
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The real estate investment arm of Bain Capital has sold a Class A life sciences campus in San Diego to an undisclosed REIT for $255 million. HFF represented Bain Capital Real Estate and Phase 3 Partners in the deal. Bain Capital Real Estate, which has invested in approximately 4 million square feet of life sciences …
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Washington Capital Management has acquired The Fairmont Building in Bethesda, Md., from Realty Investment Co. The 125,108-square-foot office building traded for $45.4 million, lower than the 2013 acquisition price of $46 million. HFF team of Senior Managing Directors Jim Meisel and Andrew Weir, Senior Director Matthew Nicholson and Director David Baker represented the seller, prior …
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