Starwood shines on Colony
Starwood Waypoint Residential Trust is to buy Colony American Homes for $1.5bn (£1bn) to create a company with 30,000 rental homes in the United States worth $7.7bn.
German resi merger looms
German residential landlord Deutsche Wohnen has tabled a takeover offer to buy rival LEG Immobilien. The deal values LEG at €4.6bn (£3.4bn) excluding debt. It would be one of Germany’s largest real estate transactions, creating a company owning 250,000 rental flats valued at more than €16bn.
IHG eyes Fairmont deal
InterContinental Hotels Group is close to sealing a £1.9bn deal to buy Canadian company Fairmont, which owns the Raffles hotel in Singapore. It has emerged as the front-runner ahead of rivals Wyndham and Accor.
Tristan buys Dutch portfolio
Tristan Capital Partners has bought a Dutch real estate portfolio from Italian insurance giant Generali for €212m (£153.4m). The 39-asset mixed-use portfolio was acquired on behalf of its EPISO 4 fund. It includes 21 retail properties and 10 offices.
Hines Italia sold to Catella
Hines has sold its Italian business back to the Catella family. Mafredi Catella, whose family sold the investment platform to Hines in 1999, will rebrand Hines Italia to COIMA SGR. The business has €5bn of assets under management and manages 13 real estate funds as well as separate mandates including for the Qatari Investment Authority.
Union buys in Sydney
Union Investment has bought 155 Clarence Street in Sydney for A$120 (£55m). It is the Hamburg-based fund manager’s second Australian acquisition. It made its debut in April 2014 with the Flight Centre headquarters in Brisbane.
jack.sidders@estatesgazette.com
