News

Owner of Belgium’s biggest office sues CBRE Loan Services in valuation dispute

The Korean owners of Belgium’s largest office asset allege the building’s lenders placed undue pressure on valuers to trigger a cash trap event.

Connecticut pension anchors Artemis’s fifth flagship fund

The Hartford-based investor is focused on existing manager relationships as it eyes $1.2bn in real estate commitments this year.

Heitman aims for $2bn raise with debut self-storage fund

The open-ended vehicle is the manager’s first sector-specific fund in North America.

Ohio SERS seeks to reduce real estate exposure after missing benchmarks

The Ohio school pension’s CIO believes successful managers in the asset class will need to be ‘effective operators.’

BNPP AM Alts amasses €3bn for European credit strategy targeting value-add deals

The manager is targeting high single-digit IRRs by lending against transitional real estate through its latest fund and associated vehicles.

AEW looks to diversify beyond core/core-plus in Europe

Since her promotion to CEO of AEW Europe, Vanessa Roux-Collet has made plans to expand the firm’s product range.

Newcore holds first close for sixth social infrastructure fund

The manager has secured approximately £100m of equity commitments for the UK-focused fund.

Pro-invest acquires A$100m hotel near Sydney

The Coogee Sands Hotel & Apartments marks the starting point of a strategy to reposition hospitality assets into other forms of temporary accommodation.

Digital Realty charts major private fundraising push

The world’s largest data center REIT by footprint is planning several fund series. Next incoming is a US open-end fund for which a cornerstone raise of up to $3bn is targeted.

Aussie performance test overhaul to unlock more affordable housing capital

Reforms under consideration could see more investments in the strategy with the introduction of an ‘emerging covered asset class.’