Europe

The firm’s chief executive anticipates ‘the best environment we have seen since 2009’ for investing in opportunistic real estate.

The investor added at least 23 new funds in 2022, including GLP Europe Income Partners III and Invesco US Real Estate Fund VI.

Capital markets instability has prevented a return to normal levels of M&A in private real estate, and fundraising dynamics have played a part.

The New York-based capital advisory firm expects to see more firms looking to make strategic acquisitions for geographic expansion.

The deal is set to be one of the largest in Europe so far this year, and the largest whole-portfolio transaction in the region.

Following a new round of leadership changes, the bank’s plans to recapture its former glory in the asset class are back in the spotlight.

The Los Angeles-based manager raised an aggregate $500m for its funds targeting the strategy in the second quarter of 2023.

The investment banking giant’s real estate platform now has a sole global head, along with new heads of EMEA and Asia-Pacific.

The record-breaking fund had such an outsized impact on H1 capital raising, PERE examined what the numbers looked like without it.

Private equity firms and institutional investors were conspicuously absent from first-half activity, while other buyers came to the fore.