Deals

Aquilius leads A$200m recap for Australia’s Serenitas

Serenitas co-founder GIC exited its stake in the land lease community operator to Mirvac and PEP last year for A$1.01bn.

Blackstone buys pan-European logistics portfolio for €1bn

The New York-based manager bought an 80% stake in South Africa-listed Burstone’s Pan-European Logistics platform on behalf of its BREP X and BREP Europe VII funds.

Brookfield puts London’s Citypoint tower on the market

The debt secured on the 36-storey office building is due to be repaid in January 2025.

Transamerica Pyramid, San Francisco: BVK balks amid tenant lawsuit

The building’s owners have completed $250m in upgrades since 2020, but a lawsuit claims the renovations are too little, too late.

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.