Deals

KKR, PAG to buy Japanese brewer Sapporo’s real estate arm for $3.1bn

The deal will close in three stages through 2029, with the managers set to acquire an initial 51% in June 2026.

Ares emphasizes ’predictable cashflows’ in data center deal

The manager acquired two net-leased data centers in Virginia with equity from its real estate funds, and will develop a third via its infrastructure arm.

CPP Investments seeds Canadian industrial JV with $727m commitment

The pension giant’s venture with Dream Industrial REIT comes seeded with a 3.6m-square-foot portfolio spanning Montreal, Toronto and Calgary.

Oxford Properties moves into US shopping centers in $250m deal

The Toronto-based investor’s head of US investments Ankit Bhatt calls the transaction ‘a foundation for growth in a new sector.’

Blackstone, DivcoWest ink $2.3bn deal for Hawaii’s Alexander & Baldwin

The managers seek to take private one of the Aloha State’s largest and oldest landowners, with a portfolio of four million square feet across various sectors.

Tishman Speyer forms separately managed account for German investor

The US manager seeded the vehicle with the purchase of an office building in Paris.

Mavik cites US tariffs as key to Plymouth REIT investment

Post-tariff volatility is changing the way the New York-based manager is allocating opportunistic capital.

‘Rise of the stakers’: Why Japanese firms are buying up US and European managers

The PERE Podcast spotlights a slew of M&A deals involving some of the country’s biggest corporations staking their claims, featuring Patron Capital founder Keith Breslauer.

Blue Vista, UBS and Extra Space form US self-storage venture

With an initial $600m capitalization, the partnership aims to assemble the country’s largest privately owned self-storage platform.

Fifth Wall’s Wallace predicts Proptech 20 rebound

However, the founder of the New York-based manager warns the thawing of the capital markets will concentrate at the bigger end of the market.