Logistics real estate specialist ESR has expanded its partnership with Mitsubishi Estate Asia through a new joint venture in Western Sydney. The deal will fund a premium 700 million Australian dollar industrial estate spanning 18.3 hectares in Huntingwood. Construction is slated to begin later this year, delivering up to 114,005 square metres of modern warehousing space to address exceptionally low vacancy rates in the region.
Construction has commenced on King + Park, an ambitious mixed-use masterplan development at the gateway to Burnaby, British Columbia. Joint venture partners Crestpoint Real Estate Investments, Vestcor and Anthem Properties celebrated the milestone alongside local officials. The transit-oriented scheme will deliver vital rental housing across multiple phases and includes the extensive refurbishment of a landmark 50-year-old local office tower.
US real estate firm GID has launched its national development platform, GID Residential Partners, into the Boston housing market. The expansion into the supply-constrained region will be led by industry veteran Chris Spendley, who joins the firm as Managing Director. Spendley brings over two decades of multifamily experience to the role, having previously overseen billions in transactions and thousands of residential units.
Construction has commenced on the 147 million dollar Wallace Campus regeneration scheme in Poughkeepsie. The initiative will transform a vacant, historical department store and construct two additional structures to deliver 187 affordable flats alongside 22,000 square feet of commercial space. Backed by state, federal and local funding, the all-electric development forms part of New York State's wider multi-billion dollar housing investment strategy.
Boutique property venture Art Deco Freak has launched a dual-market residential transformation model in Pittsburgh and Los Angeles. Founded by entrepreneur Lauren Papa, DC, the firm specialises in turning distressed architectural assets into high-end single-family homes. The strategy avoids standard renovation formulas, focusing instead on historical preservation, upcycled materials, sustainable infrastructure and asset-specific repositioning to deliver premium turnkey properties.
Feldberg Capital has advised its joint venture with the Teacher Retirement System of Texas on a debut investment near Hamburg. The venture acquired a 55,000 square metre site in Wedel to develop a 35,000 square metre logistics asset. Scheduled for completion in mid-2027, the project forms part of a 200 million euro vehicle targeting German metropolitan logistics sectors.
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