Deals

Townsend seeks expanded investor base with Riverside-led deal

The Cleveland-based advisory and manager is looking to tap into private wealth channels following the close of the deal.

Coima launches strategic partnership with Intesa via office deal

The firm’s chief executive Manfredi Catella is also looking to partner with other Italian institutions on a range of real estate initiatives.

ICD Brookfield Place sale should set a precedent, says Brookfield boss

The partial exit by the Toronto-based manager and its joint venture partner Investment Corporation of Dubai is a marker for institutional investors looking at doing business in the region, Jad Ellawn, Brookfield’s head of Middle East, told PERE.

Blue Owl Capital acquires Prima, hires GIC vet in private credit push

Jesse Hom will join the firm in June as it looks to expand its real estate presence amid bank lending pullback.

Proprium sells stakes in Motel One for €1.25bn

Proprium has exited its 35% stake in the European hotel business to its co-owner, 17 years after making its original investment.

Blackstone pockets €1.3bn for Milan luxury retail asset

The mega-manager’s sale of trophy asset Via Montenapoleone 8 marks Italy’s largest-ever single-asset transaction.

MSCI: Using probability as a proxy for market liquidity

A market’s depth, breadth and historical trading reveal how quickly it may recover from today’s property crisis, says Tom Leahy, MSCI’s head of EMEA real assets research.

London’s BT Tower to swap telecoms for tourism

US hotel owner-operator MCR Hotels has agreed to purchase the telecommunications tower from BT Group for a reported £275m.

Blackstone sells prime office building in Seoul via core-plus funds

The firm started its sale process in August 2023 and received interest from five domestic investors and a foreign investor.

EQT Exeter makes first investment for private REIT

The acquisition comes eight months after the launch of the vehicle, which has a $5bn target, in August 2023.