Charlotte D'Souza
After 23 years at the firm, Europe real estate head and CIO Andy Rofe is due to retire, with his position being split into two distinct roles.
The first tranche of capital raised for the vehicle comprises significantly more new relationships and non-US investors than is typical for the fund series.
By adding value-add and opportunistic capability, the deal will help the German manager 'reduce complexity' for large investors, says its real estate chief.
PERE’s flagship Global Investor 100 ranking has swelled to a record high in aggregate allocations, but its growth was unsupported by any meaningful increase in activity.
CBRE Investment Management’s indirect business is once again backing the Dutch manager’s retail parks strategy, but this time on behalf of a different capital base.
The Madrid-based manager pulled in €1.6bn for the value-add fund and €450m for related co-investments, a record haul for the subregion.
Nine months after transitioning from CEO to executive chairman, Gabbay is leaving the Chicago-based manager this week.
The value-add/opportunistic vehicle is the first in a pan-regional fund series from the manager founded by former Harrison Street exec Daniel Gorzawski.
A growing emphasis on optionality defined much of the conversation around investment strategies at the PERE Europe Forum.
The lack of growth in regional, diversified open-end funds is causing investors to question the value of the structure, members heard at the PERE Europe Forum.











