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As co-developers, Boston Global Investors, Eagle Development Partners of Stoneham, MA, EDGE and The Cogsville Group of New York City form the general partnership of the project, each contributing what the partnership terms as “significant capital.”
With MIELE II Sarl, a Luxemburg fund, Madison International Realty has purchased a 5% equity stake in Signa Prime, a $14 billion (€12.5 billion) European real estate portfolio.
Risk aversion is driving demand for this asset category, whose hallmark is the long-term nature of the leases and the credit underpinning the tenants, CBRE's Will Pike said.