Deals

Mitsubishi Estate acquires majority stake in Patron Capital

After receiving more than 60 approaches to buy the business, founder Keith Breslauer has agreed to a deal to sell a majority stake.

The Stack, Vancouver: A modern icon changes hands for the first time

Oxford Properties and CPP Investments had co-owned the portfolio that includes the building on a 50-50 basis, until Oxford agreed to buy out CPP’s stake for $1.1bn.

MA Financial’s Biggins: ‘It’s a good time to be more aggressive in real estate’

MA Financial will increase its total AUM by 20% through the deal, bulking up its core real estate equity business.

ESR sells one-third of stake in Cromwell Property Group

ESR will remain Cromwell’s largest shareholder, retaining a 19.9% shareholding, after selling 10.8% in a block trade.

Legal & General to acquire majority stake in Proprium, bolstering private markets expansion

The deal will broaden and further internationalize L&G’s real estate exposure.

USS backs £10bn Blackstone UK data center, eyes European expansion

The UK’s largest pension scheme says the risk-adjusted return opportunity from data center developments is currently more appealing than stabilized assets.

Gaw enters the Middle East with a $150m investment

On the back of growing expatriate demand and foreign investment, the firm has acquired a residential development in Abu Dhabi.

Hillhouse’s Rava debuts in Gulf with a school platform

Companies backed by Rava Partners are considering setting up teams in the region to support their platform expansion plans.

British Library, London: The historic library begins latest chapter with new extension

Mitsui Fudosan will invest $1.4bn to develop an extension to the library, in the St Pancras district of London.

Berkshire Global Advisors: M&A is turning up the heat

As corporate real estate deals ramp up in both size and volume, potential targets are focused on generating growth and boosting negotiating power, according to Drew Murphy, partner and head of real estate at Berkshire Global Advisors.