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Transactions | Dec 23, 2021
Berlin-based Catella Residential Investment Management (CRIM) and Munich-headquartered AIFM platform Catella Real Estate AG (CREAG) have acquired three residential assets in the Austrian cities of Vienna and Linz for a total value of €120 million ($136 million) on behalf of two of their funds.
Transactions | Dec 23, 2021
Cortland, together with Madison International Realty as funding partner, has announced a deal to buy a 50-story build-to-rent (BTR) tower currently under development in Salford, England, part of the Manchester metro area, from Renaker.
Research | Dec 22, 2021
Two-fifths of real estate funds in Asia Pacific are planning to increase their headcount in 2022, according to a new survey from PwC and the Asian Association for Investors in Non-listed Real Estate Vehicles (ANREV). But, as with other parts of the financial services industry, recruiting the right talent can be challenging.
Investors | Dec 22, 2021
Barings has secured the commitment of a further €200 million ($227 million) for a pan-European logistics joint venture (PELV) between a U.S. insurance company and a Middle Eastern sovereign wealth fund. PELV launched with an initial equity commitment of €200 million ($227 million) in 2019 and is now targeting a total portfolio size of €1 billion ($1.1 billion) of assets.
Investors | Dec 22, 2021
Allianz Real Estate has established a new investment platform, in partnership with Ivanhoé Cambridge and other investors, to build a diversified portfolio of multifamily residential assets across top-tier cities in Japan.
Fundraising | Dec 22, 2021
Warburg Pincus has closed Warburg Pincus Asia Real Estate Fund with committed capital of $2.8 billion, making it one of the largest ever first-time dedicated real estate funds globally and the second-largest active opportunistic real estate fund in Asia.