Europe

The steep stock market selloff last week compounds an already daunting challenge for property services firms to scale their investment managers.

The duo extends their long-standing relationship in a transaction led by the Beverly Hills-based manager’s executive suite with funding from Fairfax.

Spain’s largest insurer to date has amassed an approximately €2bn property portfolio, focusing on prime office assets in major European cities.

The $32bn retirement fund is prioritizing European investments – including logistics and residential housing – in the face of US instability, according to head of real assets Jeppe Starup.

Azora’s record-breaking fund is a notable beneficiary of more capital moving away from the US and toward Europe.

The merged entity will boast a combined real estate heft of around $172bn in assets under management across equity and debt in all major regions.

As managing director of capital formation, Laura Barstow will help the Swedish manager capture growing international interest in Nordics real estate.

The Madrid-based manager has already hit its revised target for the vehicle, which is due for a final close by mid-year.

The Canadian manager has secured close to €350m for its fourth strategy focused on grocery-anchored retail assets in the region.

Slightly higher up the risk-return spectrum, KKR has paused fundraising for its core-plus strategies in Europe and Asia.