People | May 3, 2023 PATRIZIA taps esteemed leaders for CEO designate, COO roles by Kali Persall PATRIZIA has tapped Asoka Wöhrmann, the former CEO of DWS Group, and Slava Shafir, a former operating partner at Corsair Capital, in a move to shore up its global growth ambitions.
Investors | May 3, 2023 International Campus breaks ground on urban living conversion project in Berlin by Kali Persall International Campus Group has broken ground on the HAVENS LIVING conversion project dubbed “The OSA” in a prime Berlin location.
Investors | May 3, 2023 Major CRE player takes bullish stance on future of office by Mike Consol Even as many investors and managers warn the office sector will never be restored to its pre-pandemic status, one of commercial real estate’s longtime players is betting that it’s making a comeback — and that the Big Apple, the nation’s premier office market, is ground zero for that recovery.
Investors | May 3, 2023 Record high capital outflows from Asia Pacific to North America in Q1 2023 by Jennifer Molloy Asia Pacific capital outflow to North America in first quarter 2023 reached a record high, according to Knight Franks’ Asia-Pacific Capital Markets Capital Flows Q1 2023 report.
Transactions | May 3, 2023 Round Hill Capital acquires senior living care facility in Germany by Kali Persall Round Hill Capital has acquired a senior living facility in Beuren, Germany, on behalf of a client investment strategy that aims to assemble a significant portfolio of such facilities in the country.
Research | May 3, 2023 Grade ‘A’ report card for student housing by Mike Consol The fundamentals surrounding investments in student housing has never been stronger, and concerns that growing online learning — rather than on campus — would erode the business has been debunked by the COVID-19 experience, during which student housing assets continued to perform.
People | May 3, 2023 Howard Kennedy adds experienced banking lawyer to real estate finance team by Kali Persall Patrick Keown has become a partner and joined the banking and real estate finance team at Howard Kennedy, a London law firm.
Fundraising | May 3, 2023 Blackstone begins raising capital for next vintage of its European strategy by Kali Persall Blackstone has commenced fundraising for the next vintage of its European strategy, with a first close expected this summer.
Investors | May 2, 2023 Savills expands into Denmark in part of European spread-out by Released A Savills associate in Denmark formerly known as Nordicals Copenhagen has become part of the Savills Global Network as the international real estate adviser continues to expand across Europe.
Transactions | May 2, 2023 Columbia Threadneedle launches new real estate partnership with Aegon U.K. by Kali Persall Columbia Threadneedle Investments has formed a strategic real estate partnership with Aegon U.K., a financial services provider specializing in pensions, investments and insurance.
Transactions | May 2, 2023 Real I.S. takes ownership of new retail center in Germany by Kali Persall Real I.S. has acquired a newly constructed retail center located in the German town of Peissenberg. The Küblböck group of companies sold the property for an undisclosed amount.
Transactions | May 2, 2023 Long Harbour to deliver 204-unit riverside BTR development in London by Kali Persall Long Harbour has reached financial completion of a 204-unit build-to-rent development, or Phase 2, of Leaside Lock, a vibrant new riverside development in the heart of Zone 2 in East London.
People | May 2, 2023 Brian Kinsella joins CrossHarbor Capital Partners as a senior director by Kali Persall Brian Kinsella has taken up a new role as senior director at CrossHarbor Capital Partners, a privately owned investment and asset management firm focused exclusively on commercial real estate located within the United States.
Investors | May 2, 2023 Blackstone’s private wealth platform curtails flood of redemption requests in April by Kali Persall Blackstone Real Estate Income Trust (BREIT), Blackstone’s $70 billion private wealth platform, has pumped the brakes on its deluge of repurchase requests for another month.
Fundraising | May 2, 2023 Aviva Investors launches real estate long-term asset fund with $2b seed portfolio by Kali Persall Aviva Investors has launched its first fund under the long-term asset fund regime, a new category of fund designed to provide access to long-term private market assets.
Investors | May 2, 2023 Illinois Police Officers Pension Investment Fund launches search for investment officers by Kali Persall The Illinois Police Officers’ Pension Investment Fund (IPOPIF) is seeking two investment officers to support the CIO in developing and carrying out investment policy, strategies, objectives, procedures and processes.
Research | May 2, 2023 European transaction volumes fall in the major property markets by Kali Persall In the first quarter of the year, transaction volumes were down in almost all the major property sectors in Europe, in part due to weakness in dealmaking in the second half of 2022, according to the Q1 Europe Capital Trends report from MSCI Real Assets.
Investors | May 2, 2023 SBA Florida backs Cerberus, MetLife Investment Management strategies by Kali Persall The State Board of Administration (SBA) of Florida has invested $150 million in Cerberus Institutional Real Estate Partners VI (CIREP VI), an opportunistic fund managed by Cerberus Capital Management, according to a first-quarter new managers report.
Fundraising | May 2, 2023 Cabot Industrial Value Fund VII locks in $1.3b of equity commitments by Kali Persall Cabot Industrial Value Fund VII, a closed-end, value-add fund managed by Cabot Properties, has raised more than $1.3 billion in equity commitments, according to a May 1 filing with the SEC.
Investors | May 2, 2023 Weston Homes to deliver Thornwood village residential scheme by Kali Persall U.K. property developer Weston Homes has exchanged contracts to acquire a 10.36-acre site in Thornwood village in Epping, England, for a new £33.5 million ($42 million) Thornwood Park residential development scheme.
