Deals

Stoneweg eyes ‘one-stop shop’ in Europe with Cromwell acquisition

The addition of Cromwell Europe will double Stoneweg’s AUM and expand its wheelhouse into multiple new markets, says founder Jaume Sabater.

Cromwell to refocus on the Australian market after Europe unit sale

The firm will shift to being a local manager given the difficulties of being global without vast scale, according to Cromwell’s CEO.

MSREI sells four warehouses as near-shoring trend picks up

The four industrial properties located on the Texas-Mexico border were sold to two institutional buyers.

A ‘Grand’ makeover after 144 years for Venice’s Hotel Bauer

The historic five-star hotel on the Grand Canal has been closed since 2022 for renovation, and now has a new owner.

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.