Europe

Aware Super CIO: Property team has ‘changed tune’ on deployment

The superannuation fund has shifted into active gear after not ‘investing as much in property in the last two to three years,’ says Damian Graham.

CalSTRS’ real estate consultants urge deployment into valuation-reset market

The California pension with nearly $370bn in assets is building allocations to industrial and multifamily and curtailing office exposure to match policy targets.

Prime office markets are heating up. Has the comeback arrived?

The PERE Podcast highlights the outcast sector’s renewed momentum in New York, London and beyond, featuring Savills research director Oliver Salmon.

In succession planning, continuity is not always the priority

As other managers favor internal promotions for top real estate posts, Starwood chairman Barry Sternlicht says he chose his successor in part for a fresh perspective.

UK’s Border to Coast backs first US value-add fund

The LGPS pool has pledged $90m to a fund managed by Heitman as it continues to build out its global real estate portfolio.

The hidden driver behind the convergence of real assets

On-site power generation is pushing real estate and infrastructure teams together.

Starwood, the next generation

Barry Sternlicht and his successor, Jonathan Pollack, discuss the wide-ranging implications of the firm’s new leadership structure.

Värde raises €450m continuation fund to back Spanish developer

Investors in the fund include US asset manager Cross Ocean Partners and indirect real estate funds managed by CBRE Investment Management.

‘It’s an alpha trade’: Private equity comes for logistics REITs

The PERE Podcast breaks down Blackstone’s pursuit of Warehouse REIT amid a string of industrial focused take-privates.

Texas TRS forms $260m Swedish logistics venture

The public pension committed an initial $100m to launch the venture with Stockholm-based manager Brunswick Real Estate.