Europe

The £12bn London-based family office is preparing to become custodians of institutional money predominantly within its hospitality specialization.

The arrival of the US manager’s tried-and-tested net lease strategy in the region has been met with emphatic support from investors.

The vehicle is the largest-ever dedicated to the regional strategy and the third-largest raised for net lease investments overall.

The pension fund will invest €500m with manager Bouwinvest in sustainably built affordable housing.

The few managers that have developed strategies focused on real estate decarbonization are benefiting from significant market tailwinds.

While 63% of capital providers remain below their allocation targets, this does not mean they can easily upsize their checks.

The largest commitment of H1 2026 – ADIA’s $675m check to Kotak India Real Estate Fund XIV – came in at roughly half the size of last year’s $1.3bn top check.

The manager is looking to raise a total of €1.5bn for the vehicle, making it the joint fourth-largest European fund currently in market.

Wilson Lamont will step back in January after a 25-year tenure spanning Ares and the real estate business acquired by the US manager in 2013.

Norway’s sovereign wealth fund manager, a shareholder in both companies, said it understood ‘the strategic rationale for a combination’ between Prologis and Segro.