Deals

Starwood, Brookfield and real estate’s net-lease boom

The PERE Podcast spotlights Starwood’s $2.2bn deal for Brookfield’s Fundamental Income Properties and the latest convergence of real estate debt and equity.

Blackstone to pump $25bn into US data center, energy JV

The mega-manager’s real estate and infra funds will partner with Pennsylvania utility company PPL and begin construction in the next three years.

Private equity’s growing dominance in real estate M&A

As mega-managers like Blackstone have grown larger, so have their roles in driving industry consolidation.

Escalating Middle East conflict puts early institutional plays in the spotlight

The start of war between Israel and Iran gives investors cause to re-stress test the region’s commercial real estate thesis.

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.