Evelyn Lee
The joint venture between the Canadian pension plan and the London-based firm will be one of the largest-ever partnerships in the sector in Europe.
The Swedish pension plan has committed a total of €3.8bn to date as the most sizable investor in the region’s second-largest residential company.
Institutional investors are grappling with the question of what to do with existing assets amid greater ESG scrutiny during the pandemic.
The Dallas-based private equity firm has moved its head of Asia into a new role and is eliminating 25 positions in the region.
The high-profile departure comes two years after the New York-based investment bank’s reorganization of its property businesses.
Starwood now expects less troubled deal flow to emerge in the non-performing-loan space from the current pandemic crisis than it did before. But that should not worry investors which committed to its latest ‘distressed’ fund.
The Miami Beach-based private investment firm will be the third private real estate manager to amass double-digit billions for a single property fund.
Oaktree’s substantial deployment of its latest property fund is not indicative of dealflow in the market overall, but rather that it is ahead of the pack.
Brexit and covid have been cause for concern for managers and investors. But some institutions have continued to forge ahead despite the challenges.
The Canadian pension, which is significantly underallocated in the sector, will aim to more than double the UK-based firm’s AUM in the next five years.