Deals

The Canadian pension’s entry into the market was supported by deepening capital markets and travel tailwinds, says country head Hari Krishna.

By adding value-add and opportunistic capability, the deal will help the German manager ‘reduce complexity’ for large investors, says its real estate chief.

Investors once paid less for markets with few owners. That discount has all but vanished, just as capital crowds into the most concentrated sectors, say Omar Eltorai, senior director of research, and Alexander Jaffe, regional lead of valuation advisory, at Altus Group.

The Los Angeles-based manager and Canadian pension’s joint venture includes a 5.2m square-foot seed portfolio and plans for more acquisitions.

Much of the institutional investment community is wary of defense tenancies, but in Europe they are not automatically incompatible with ESG frameworks, writes Tobias Kassner, head of research at GARBE Industrial.

Through its merger with European manager Stoneshield, Clarion Partners is marking its entry into opportunistic strategies outside of its home region.

The Australian superannuation fund has committed €150m to a vehicle managed by London-based manager Elevation.

Investors demand substantially more compensation for taking liquidity risk in office markets than they do in industrial, writes Tom Leahy, head of EMEA real assets research at MSCI.

Almost a third of all recorded investment went into just 10 acquisitions, the largest top 10 since 2020 – and the second largest in a decade.

In a departure from its recent activity, the investor has committed most of its real estate capital to indirect vehicles so far this year.