News

CPP expands direct playbook with first European real estate co-investment

By acquiring a minority stake in Blackstone’s French logistics platform Proudreed, the Canadian pension fund is exploring ‘creative ways’ to invest in Europe, says regional head of real estate Tom Jackson.

King Street appoints senior adviser to European real estate business

The move to bring Sujan Patel aboard follows the departure of real estate co-head Paul Brennan.

Owner of Belgium’s biggest office sues CBRE Loan Services in valuation dispute

The Korean owners of Belgium’s largest office asset allege the building’s lenders placed undue pressure on valuers to trigger a cash trap event.

Connecticut pension anchors Artemis’s fifth flagship fund

The Hartford-based investor is focused on existing manager relationships as it eyes $1.2bn in real estate commitments this year.

Heitman aims for $2bn raise with debut self-storage fund

The open-ended vehicle is the manager’s first sector-specific fund in North America.

Ohio SERS seeks to reduce real estate exposure after missing benchmarks

The Ohio school pension’s CIO believes successful managers in the asset class will need to be ‘effective operators.’

BNPP AM Alts amasses €3bn for European credit strategy targeting value-add deals

The manager is targeting high single-digit IRRs by lending against transitional real estate through its latest fund and associated vehicles.

AEW looks to diversify beyond core/core-plus in Europe

Since her promotion to CEO of AEW Europe, Vanessa Roux-Collet has made plans to expand the firm’s product range.

Newcore holds first close for sixth social infrastructure fund

The manager has secured approximately £100m of equity commitments for the UK-focused fund.

Pro-invest acquires A$100m hotel near Sydney

The Coogee Sands Hotel & Apartments marks the starting point of a strategy to reposition hospitality assets into other forms of temporary accommodation.