Sarah Marx
Sansiri Capital Partners agreed to buy the 19th century Italian palazzo for €230m in September.
At Expo Real in Munich this week, international panelists debated the merits of European real estate in an environment of higher interest rates.
The Australian superannuation fund has committed €150m to a vehicle managed by London-based manager Elevation.
Norway's sovereign wealth fund manager, a shareholder in both companies, said it understood 'the strategic rationale for a combination' between Prologis and Segro.
The property has undergone five rebrandings and was refurbished in August 2019, reopening under the Hyatt brand.
After Segro’s board ‘unequivocally’ rejected the US logistics giant’s offer on Tuesday, Prologis is taking its case directly to the firm’s shareholders.
The strategy builds on the Canadian firm’s recent hospitality investment in Japan.
The historic home on the shore of Loch Lomond was sold in May after reopening in 2021, following a deadly fire.
The strategy focused on acquiring midsize multifamily assets also scored backing from Empira parent Partners Group.
The move to bring Sujan Patel aboard follows the departure of real estate co-head Paul Brennan.