Europe

British Library, London: The historic library begins latest chapter with new extension

Mitsui Fudosan will invest $1.4bn to develop an extension to the library, in the St Pancras district of London.

Private real estate sees ‘bifurcation’ in compensation growth

While some professionals received increased pay and bonuses according to the annual compensation study by PERE and executive recruiter Sousou Partners, others saw an even more ‘brutal’ 2024 than the year before.

TPG Angelo Gordon closes its largest-ever European real estate fund

Only 8% of the fund’s capital was raised from investors based in the region, while the majority came from Middle East and APAC investors.

Patrizia poaches Invesco’s Simon Redman in drive to €100bn AUM

Redman joins the German-based manager after a nearly two-decade run in Invesco’s London office.

Why Spain is emerging as a standout market in European real estate

Outperformance and robust demand have propelled Spain into the region’s top three investment destinations, writes Iryna Pylypchuk, director of research and market information at INREV.

PGIM Real Estate creates head of core strategies role in Europe

The firm has appointed Rory Morrison to lead the core, core-plus and affordable housing strategies in its European platform.

Berkshire Global Advisors: M&A is turning up the heat

As corporate real estate deals ramp up in both size and volume, potential targets are focused on generating growth and boosting negotiating power, according to Drew Murphy, partner and head of real estate at Berkshire Global Advisors.

Ares’ Arougheti: Tariffs will boost real estate values, transaction activity 

The Los Angeles-based manager reeled in $3.9bn in real estate commitments last quarter.

Norway’s sovereign wealth fund appoints Knapp as global real estate head

Norges Bank Investment Management concludes its wide search for the position with the hire of the CIO of Hines’ European business.

Investcorp taps former Starwood REIT chief to grow US, Europe real estate platform

John McCarthy, who was SREIT’s CEO from 2017 to 2023, has joined the Bahrain-based manager’s real assets group as advisory director.