Fundraising | May 6, 2020 BlackRock’s Europe Property Fund V tops $1.4b fundraising target by Kali Persall BlackRock Real Assets has raised €1.287 billion ($1.39 billion) for its Europe Property Fund V (EFV), which aims to reposition, rebuild and recapitalize real estate assets across Europe.
Fundraising | May 6, 2020 APG and GIC-backed hotel investor enters Italian market by Andrea Zander Dutch hotel specialist CitizenM has partnered with Italian asset manager Antirion Sgr to launch a new investment fund focused on Italian hotel properties.
Investors | May 6, 2020 Seattle pension fund invests in Sculptor Real Estate Fund IV by Kali Persall IREI has learned that the Seattle City Employees’ Retirement System (SCERS) has committed $17.5 million to an opportunistic fund managed by Sculptor Capital Management.
Transactions | May 6, 2020 Hines Pan-European Core Fund acquires logistics center in the Netherlands by Released Hines has acquired the 62,000-square-meter (667,362-square-foot) Urban Logistics Distribution Centre in Utrecht, the Netherlands.
Transactions | May 6, 2020 South Korean firm terminates $5.8b deal for 15 U.S. hotels by Andrea Zander South Korea’s Mirae Asset Global Investments has terminated a $5.8 billion deal to buy 15 U.S. hotels from China’s Anbang Insurance Group.
Investors | May 6, 2020 Texas ERS invests in BlackChamber Real Estate Opportunity Fund by Kali Persall The $28.3 billion Employees Retirement System (ERS) of Texas made one commitment to a real estate fund during the month of April.
Research | May 6, 2020 Flexible office take-up slows across Europe by Andrea Zander The share of flexible office space take-up across Europe slowed in the first quarter of 2020 to reach 5 percent, down from 9.5 percent at the end of 2019. The sector has expanded exponentially from 2017–2019 and is reaching maturity, as large providers become less expansionary.
Fundraising | May 6, 2020 AEW Partners Real Estate Fund IX completes first close by Kali Persall Three months after entering the market, the AEW Partners Real Estate Fund IX has completed its first close.
People | May 6, 2020 LGIM appoints new global COO by Andrea Zander Brenda Sklar has been appointed as Global COO for Legal & General Investment Management (LGIM).
Transactions | May 5, 2020 Novo Holdings acquires minority stake in NREP by Kali Persall Novo Holdings has become a minority shareholder in NREP, the largest Nordic real estate investor, with the acquisition of a 25 percent stake.
Fundraising | May 5, 2020 LondonMetric raises £120 to invest in logistics by Kali Persall LondonMetric Property has raised £120 million ($149 million) in a share placing, which will be used to invest in a substantial pipeline of long income and urban logistics acquisitions.
People | May 5, 2020 SC Capital Partners names new head of investor relations by Released SC Capital Partners Group has appointed Chris van Beek as executive director and head of investor relations.
Fundraising | May 5, 2020 National Storage REIT to raise A$300m for investments by Andrea Zander Australia’s largest storage company, National Storage REIT, has plans to raise A$330 million ($213 million).
Investors | May 5, 2020 Norwegian pension fund takes $3b hit in first quarter due to COVID-19 by Released The Government Pension Fund Norway, which is managed by Folketrygdfondet, recorded a loss of NOK 31.5 billion ($3 billion) in first quarter 2020.
Transactions | May 5, 2020 Reuben Bros. acquires retail condominium for $168m by Released SL Green Realty Corp. has entered into a contract to sell its recently repositioned 609 Fifth Ave. retail condominium for $168.0 million.