Deals

Blackstone and CPP Investments acquire AirTrunk for A$24bn

Blackstone will make its investment in the data center business from four separate strategies – real estate, infrastructure, tactical opportunities and private equity.

HE Capital makes first investment for London-focused fund

The £35m deal was also the Singaporean manager’s first since its inception a year ago.

ADIC expands Korean logistics exposure with LaSalle

Third logistics deal for investor-manager partnership comes on the back of strong interest in South Korea from Middle Eastern investors.

Ares JV capitalizes on Hyatt exit plan with $1.07bn Orlando buy

The transaction for the Hyatt Regency Orlando, the largest for a US hospitality asset so far this year, is a result of a disposition strategy set in 2021.

TPG makes second entity-level real estate transaction in Europe

The firm’s acquisition of Quintain Developments Ireland from Lone Star for €200m follows its takeover of Intervest in May.

ECB finds ‘widespread issues’ in how lenders value commercial real estate

The central bank says valuations should reflect the current market downturn and lack of transaction activity.

USS buys £405m UK housing portfolio from Blackstone

The UK private pension fund has acquired 3,000 homes in the country’s largest-ever deal for shared ownership housing.

Blackstone in $1bn US multifamily exit

The manager is offloading 11 properties to REIT Equity Residential in separate transactions.

Virtú Investments, Goldman Sachs acquire Seattle apartments for $175m

The manager’s open-ended Evergreen Fund contributed equity to the deal, which was financed by a Corebridge Financial loan.

Real estate markets are unquestionably looking more positive

Owners considering sales may want to bring assets to the market sooner rather than later, says Rasheed Hassan, head of global cross-border investment at Savills.