Newsletter

Blueprint: ECB repeats concerns about commercial real estate’s impact on banks, London office market produces more negative headlines, Coima brings aboard GIC for ‘brown-to-green’ strategy

With the US celebrating Thanksgiving, PERE’s attention has been dominated by events in Europe, with the European Central Bank repeating concerns over the indebtedness of the commercial real estate sector; the office malaise in London leading to further headlines about building loan sales at a discount; important tenants undertaking strategic reviews about reducing their workplace footprints; and more besides in today’s briefing, exclusively for our valued subscribers.

Blueprint: Brookfield shelves Center Parcs sale, NBIM’s first real estate outlay in 2023, APG and Bouwinvest combine for affordable housing

Brookfield shelves plans to offload Center Parcs, with Europe’s hospitality investment market notably inactive; Norges Bank Investment Management’s $746 million life science investment in Boston is the first for the state investor in 2023; Dutch investors APG and Bouwinvest combine to solve for their country’s affordable housing challenge; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: PERE America Forum lands in New York, Starwood’s Fund XIII launch, Proptech 20 ranking unveiled

PERE hosts its annual America Forum with two days of in-depth discussions in New York, Starwood joins a tight mega-fund race with the launch of Fund XIII, which has a big focus on data centers, this year’s Proptech 20 shows a slowdown in capital raising growth, we make a final call for PERE Awards submissions and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Brookfield and QIA make further repositioning push in Canary Wharf, Bain’s $1bn hospitality lending platform, BGO names new capital raising heads

Brookfield and Qatar Investment Authority commit £400 million to the life sciences- and residential-focused repositioning of London’s Canary Wharf; Bain Capital teams up with Smith Hill Capital to form $1 billion US hospitality lending platform, with an initial focus on new loan originations and refinancings; BGO makes promotions in global capital raising team; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: PERE Global Awards 2023 launch, Blackstone’s European fundraise, Goldman’s write-downs

PERE’s eagerly anticipated annual awards launch today with our customary call for submissions across 67 categories, including Innovation Investor of the Year for the first time; Blackstone raises nearly half of its targeted equity for its latest European opportunity fund; Goldman Sachs writes down its balance sheet real estate assets by one-third since start of the year; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Blackstone’s first sustainability-linked loan in Asia-Pacific, PGIM Real Estate’s innovation initiative, Invesco and Longpoint fund closes

Blackstone secures its first sustainability-linked loan in Asia-Pacific to refinance assets in its 140-property industrial portfolio in Australia; PGIM Real Estate launches RealAssetX, an innovation lab focusing on data intelligence, research & development and investment in technologies for the real assets industry; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: APG’s early movement in AI, ADIA takes advantage of current China opportunity, PERE’s Expo Real takeaways

PERE meets Samuel, APG’s digital colleague, and hears about the investor’s early moves in artificial intelligence; the Abu Dhabi Investment Authority reveals its opportunistic activity in its annual report; Expo Real conference delegates hear a notable shift in emphasis in regard to sustainability; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Industry reacts to interest rate pauses; Harrison Street hits $2bn for latest opportunity fund

Private real estate executives digest a widespread pause in interest rate hikes by central banks; Harrison Street joins a limited cohort of fundraising winners this year; Heitman calls out insurance costs as a major industry threat; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: Blackstone’s $1trn credit ambition, PERE Japan Korea Week begins, Alecta’s investigation by financial regulator

Blackstone’s real estate credit platform secures massive CalPERS commitment as the mega-manager sets $1 trillion AUM goal for debt businesses; PERE Japan Korea Week kicks off in Seoul; Alecta comes under scrutiny by Sweden’s financial regulator for its largest real estate investment; and more in today’s briefing, exclusively for our valued subscribers.

Blueprint: CalSTRS’ and PGIM’s leadership changes, PEI’s Investor Perspectives survey opens, DWS calls for China’s property market to find balance

CalSTRS and PGIM name new heads of their real estate businesses following the ascension of Mike DiRe and Eric Adler to bigger roles, respectively; PEI’s Investor Perspectives 2024 survey opens; DWS’s Jesch calls for balance in a Chinese property market likely to be of decreasing significance to the country’s economy; and more in today’s briefing, exclusively for our valued subscribers.