Managers

A senior representative from the central bank played down the risks associated with banks’ commercial property exposure at the PERE Network Europe Forum this week.

Speaking at the PERE Network Europe Forum, the CEO and CIO of real estate at the asset management giant said Europe’s debt funding crisis is about to intensify.

Industry practitioners anticipate embodied carbon will become a greater focus for prospective buyers in the future.

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.

Jesse Hom will join the firm in June as it looks to expand its real estate presence amid bank lending pullback.

Heim Global Investor is targeting a combined €1.6bn capital raise across its first two funds, one aimed at the UK and the other Europe.

NorthBridge’s NB Partners Fund IV surpassed its target of $800m, and capital has been deployed to acquire 20 assets so far.

CREFC Europe, INREV and the Alternative Credit Council hit back at ECB warnings about risks posed by commercial real estate.

Proprium has exited its 35% stake in the European hotel business to its co-owner, 17 years after making its original investment.

While its debut fund was backed mainly by family offices, the firm saw significant institutional support for Catalyst IOS Fund II.