BGO Announces US$5.1 Billion Capital Raise for Its Asia Value-Add Real Estate Strategy, Marking Largest Closed-End Fundraise in Firm’s History
BGO today announced the final close of BentallGreenOak Asia IV (“BGO Asia Fund IV” or the “Fund”), its flagship Asia-focused value-add real estate strategy, raising over US$5.1 billion in total capital commitments for the Fund and co-investment sidecars. The Fund represents the largest closed-end capital raise in BGO’s history, underscoring the firm’s history and reputation as a premier global real estate investment manager in Asian markets.
BGO Announces €2.0 Billion Fundraise for Its Fourth European Value-Add Strategy
BGO, a global real estate investment management advisor and provider of real estate services, has today announced that it has successfully raised €2.0 billion for its European investment program through its fourth European Value-Add Strategy. With this announcement, the Value-Add Fund has raised a total of €1.463 billion in commitments and €520 million through co-investment opportunities in high-quality industrial and data centre platforms in Europe. This is the fourth fund in BGO’s European Value-Add strategy, which has invested over c. €4 billion since 2014.
BGO names its Canadian CIO, Christina Iacoucci, the new Head of Canada for the firm
BGO announced today that it has named its Canadian Chief Investment Officer, Christina Iacoucci, to lead the firm’s overall business in Canada. In the role of Head of Canada for BGO, Christina will continue her leadership of the firm’s Canadian Investment Management business with expanded responsibility for the firm’s property management and leasing services business in Canada, comprising over 400 properties and 62 million square feet across the country.
BGO Launches MIRO: Move-in Ready Offices With Best-in-class Design for Small and Medium Sized Businesses
BGO, a leading, global real estate investment management advisor and a globally-recognized provider of real estate services, today announced the launch of MIRO (Move-in Ready Offices) by BGO to provide small and medium sized business tenants with immediate access to adaptable, beautifully designed workspaces that inspire a healthy and productive workforce. Current MIRO suites range from 1,000 – 18,000 square feet and offer immediate occupancy and flexible lease terms to fit the evolving needs of tenants. Each ready-to-move-in office is tech and hybrid enabled, emphasizing human-centric design to encourage adaptability, wellness, and collaboration.
BGO Industrial Real Estate Income Trust, Inc.’s Initial Public Offering Declared Effective by the U.S. Securities and Exchange Commission
BGO Industrial Real Estate Income Trust, Inc. (“BGO IREIT”) today announced its Registration Statement on Form S-11 in connection with its initial public offering of common stock has been declared effective by the U.S. Securities and Exchange Commission. BGO IREIT is offering on a continuous basis up to $5,000,000,000 in shares of its Class S, T, D, and I common stock, consisting of up to $4,000,000,000 of shares in the primary offering and up to $1,000,000,000 of shares pursuant to a distribution reinvestment plan.
BentallGreenOak Appoints Ryan Severino as Chief Economist and Head of Research in the U.S.
BentallGreenOak (BGO), a leading, global real estate investment management advisor and a globally-recognized provider of real estate services, today announced the appointment of Ryan Severino to the newly-created role of Chief Economist and Head of Research for the firm’s U.S. business. Severino will focus on global and regional economic research, analysis, and commentary, as well as supporting BGO’s investment and portfolio management teams through property market forecasting.
BentallGreenOak Achieves the First Perfect Score for a WiredScore Platinum Certified Office Building in Canada at 1250, Boulevard René-Lévesque in Montreal
BentallGreenOak (BGO) today announced that it has achieved the first perfect score in WiredScore’s history for a Platinum certified property in Canada, demonstrating an exceptional level of digital leadership and connectivity. 1250, boulevard René-Lévesque in Montreal, QC, is a class AAA, 1,000,000+ sq. ft. flagship office building owned jointly between Sun Life Assurance Company of Canada and BGO’s core, open-ended strategy in Canada, that adds to its class-leading accolades in ESG (BOMA BEST Platinum and LEED Gold certified), and health and wellness (Fitwel Viral Response Module), with this latest achievement in digital connectivity.
BentallGreenOak Launches Multi-Year, Cross-Canada Partnership With Kids Help Phone to Drive Awareness and Education on Mental Health Care for Children
BentallGreenOak (BGO) today announced the launch of a multi-year commitment with Kids Help Phone to drive awareness and increase public understanding of the critical mental health care services that are available to youth across Canada. The partnership was inaugurated today with a $108,000 donation to Kids Help Phone, featuring donations from the firm’s corporate philanthropy program, BGO Inspired, and contributions made on behalf of BGO’s clients representing the firm’s office and industrial real estate portfolio in Canada. BGO’s 2022 donation and ensuing partnership in 2023 will serve as the kick off for financial and programmatic collaboration with Kids Help Phone over the next three years.
BentallGreenOak Expands U.S. Presence with New Office in Austin to Be Led by New Head of Texas Coverage, Mike Leifeste
Today, BentallGreenOak (BGO) announced the opening of a new office in Austin, Texas, to be led by Mike Leifeste, the firm’s newly hired Managing Director and Head of Texas Coverage. BGO’s continued expansion in the U.S. includes a significant growth in the firm’s client base and investment management activity in the U.S. sunbelt states.
BentallGreenOak Announces Its Commitment to Achieving Net Zero Emissions by 2050 or Sooner for Its Entire Global Real Estate Portfolio
BentallGreenOak (“BGO”) today announced that it is joining the Net Zero Asset Managers initiative, which commits the company to achieving Net Zero greenhouse gas emissions by no later than 2050 for its entire commercial real estate investment portfolio. The firm’s historic track record for successfully reducing and offsetting carbon emissions in the built environment will be instrumental in setting an enhanced course on targets that recognize the need for radical disruption to address the urgent threat of climate change.
BentallGreenOak Achieves New High Mark for Exceptional Performance in the 2021 Global Real Estate Sustainability Benchmark (GRESB), Marking 11 Consecutive Years of Excellence and Industry Leadership in ESG
BentallGreenOak (BGO) announced today that, in a consecutive run of industry leadership now marking 11 years, its global real estate investment platform has achieved a new high mark for exceptional performance in the annual Global Real Estate Sustainability Benchmark (GRESB). Four of BGO’s flagship investment strategies, already amongst the best performing funds in their global categories, achieved five star ratings and higher scores in 2021, reinforcing a firm-wide commitment to enhanced, year-over-year performance in ESG across its platform. For the first time in BGO’s 11 years of GRESB participation, all BGO funds participating in the Development module — which measures an entity’s efforts to address ESG issues during a building’s design, construction and renovation phases — ranked first in their peer group, achieving Sector Leader status.
BentallGreenOak Receives Fitwel Viral Response Certifications for the Most Number of Properties in Canada, Leading Efforts to Mitigate the Spread of Infectious Disease and Support a Safe Return to the Workplace
BentallGreenOak (BGO) announced today that it has achieved Fitwel Viral Response Certification with distinction for 50 of its office and retail assets, representing the largest portfolio of commercial real estate properties in Canada to achieve the industry-leading certification. This record-setting achievement brings the Center for Active Design’s (CfAD) Fitwel Viral Response Module (VRM) standard to BGO’s managed portfolio across Canada, including the first buildings to achieve this standard in Montreal, QC., Winnipeg, MB., Mississauga, ON. and Gatineau, QC. Fitwel’s third party certification of BGO properties’ operations, policies and practices confirms their preparedness to mitigate the spread of infectious disease and safeguard occupant health and wellness.
BentallGreenOak and Summit Ridge Energy Announce Plan to Develop New 2.7 MW Rooftop Solar Power Project in Maryland
BentallGreenOak (BGO), on behalf of an institutional investor, announced plans to install its first community solar project, financed by Summit Ridge Energy (SRE) and facilitated by Black Bear Energy. The two solar projects totaling 2.7 MW in size will be owned and operated by SRE and hosted on two of BGO’s industrial assets. Once operational in Q1 2022, both rooftop systems will participate in Maryland’s community solar program to provide renewable power to local residents and businesses and are expected to produce 3,498,755 kWh of electricity, enough to power approximately 300 homes for one year. This is the first community-use solar project for BGO, who is evaluating similar community solar hosting opportunities for the firm’s national industrial portfolio.
BentallGreenOak Announces Its BGO Diversified U.S. Property Fund Is Among the First Open-end, Diversified, Core Equity Real Estate Funds to Become a Signatory to the Principles for Impact Management
BentallGreenOak (“BGO”) announced that its U.S. Core Fund, BGO Diversified U.S. Property Fund (BGO Diversified) has become a signatory to the Operating Principles for Impact Management, designating BGO Diversified as one of the first U.S.-based open-end, diversified, core real estate fund to commit to this global framework. Signing on to the Impact Principles builds on an established history of economic and social development activity since 1982 and further cements BGO Diversified’s future direction as the firm’s U.S.-based Impact Fund.
