DP World is expanding its UK logistics footprint by taking over six contract logistics facilities from GXO Logistics. The deal includes over two million square feet of warehousing capacity and transfers 2,000 employees. Triggered by a Competition and Markets Authority requirement following GXO’s purchase of Wincanton, the acquisition strengthens DP World's national supply network across ambient, chilled and frozen storage for major British grocers.
Border to Coast Pensions Partnership has agreed a £400 million deal to acquire 866 single-family homes from Leaf Living. The acquisition encompasses 12 estates across the South East of England, representing the UK's largest single-family housing transaction this year. The deal expands the pension pool's UK Real Estate Fund, which now holds over £2 billion in local government pension assets.
Greystone has arranged $105.8 million in Freddie Mac refinancing for two multifamily residential communities in El Cajon, California. The loan package covers 476 apartment units across Colonnade at Fletcher Hills and Forest Park at Fletcher Hills. The deal was secured on behalf of borrower Bridge Investment Group, with debt financing efforts led by Spencer Dunlop alongside correspondent bank BMO.
Private equity firm Blackstone has agreed to finance the purchase of HSBC’s Australian home loan portfolio, valued at A$36 billion (US$25 billion). The deal stands as the largest mortgage portfolio transaction globally. Non-bank lender Pepper Money will handle local loan servicing, ensuring a smooth transition for existing banking clients while expanding Blackstone's Asian credit operations.
Greystone has successfully arranged a $38.75 million refinancing package for Skylar Lofts in Jersey City. The newly built 80-unit luxury multifamily development was created by The Manhattan Building Company. Functioning as the opening phase of a major six-part master redevelopment project, the six-story property features premium residential spaces alongside ground-floor retail units and structured parking spaces.
Philippine property giant Megaworld has raised P5.6 billion from block sales of MREIT shares to fund its township development pipeline. The capital will back the next generation of recurring income assets ahead of a major fifth asset infusion. This incoming "Wave 5" expansion will add 303,500 square meters of gross leasable area, diversifying the real estate investment trust beyond offices into retail and hotels.
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