Deals

Berkshire Global Advisors: Rate cuts should help stimulate M&A

The right sector exposure is important for buyers, but sellers will be predominantly those looking to scale up with larger firms, writes Berkshire Global Advisors’ Drew Murphy.

M&G Real Estate seeks value-add boost with first M&A deal

The UK asset manager has acquired a majority stake in BauMont Real Estate Capital to diversify into higher-returning real estate.

NBIM sees fresh opportunities in US offices

Five years after shifting away from the sector, the investor has partnered with manager DivcoWest to take advantage of ‘current dislocation.’

Aware Super’s UK platform to capture ‘window of opportunity’ in offices

The investor’s newly formed international team has partnered with Delancey to invest £1bn in the UK, with London offices as the initial focus.

Nuveen’s Asia core fund buys first Korean office

The firm has acquired three offices under the core strategy in Singapore, Sydney and Seoul since it was launched in 2018.

CPP Investments establishes first UK single-family rental JV

The £500m commitment to a joint venture with Kennedy Wilson represents the Canadian pension plan’s first foray into SFR in Europe and a chance to ‘really go at scale’ in the sector.

Legal & General acquires stake in Taurus to ramp up US real estate exposure

The deal includes a separate $200m seed investment by the UK pension investor, which cited growing institutional interest in US multifamily and logistics assets and decarbonization initiatives.

Political instability adds to market woes in Europe

During Expo Real in Munich last week, executives tempered hopes of a market recovery citing the influence of geopolitical events on capital flows and investments.

Blue Owl Capital buys IPI Partners for $1bn

IPI was founded in 2016 as a joint venture between Iconiq and Iron Point.

Ares to buy GLP Capital Partners’ non-China business in $3.7bn deal

The acquisition – which includes GCP assets in Japan, Brazil and the US – will nearly double Ares’ real estate assets under management.