Europe

Nine months after transitioning from CEO to executive chairman, Gabbay is leaving the Chicago-based manager this week.

Developer Panattoni’s in-house investment platform is preparing a first exit for the fund, with two new vehicles also slated for 2027.

The New York- and London-based manager is targeting long-income, infill industrial and grid-connected real estate with Meadow Real Estate Fund VII.

The value-add/opportunistic vehicle is the first in a pan-regional fund series from the manager founded by former Harrison Street exec Daniel Gorzawski.

The PERE Podcast features global real estate chief Alex Knapp in conversation at the PERE Europe Forum on the $2trn wealth fund’s new approach to real estate.

The Alberta pension has hired Dan Teper, a former real estate specialist at the Abu Dhabi Investment Council and Brookfield, to oversee its C$26.5bn property portfolio.

The investor, which has links to a large shopping mall owner, also sees opportunity in sustainable real estate, said principal Julian Marwitz.

Investors are seeking exposure to real estate operating company returns via increasingly creative means, delegates heard at the PERE Europe Forum.

A growing emphasis on optionality defined much of the conversation around investment strategies at the PERE Europe Forum.

The lack of growth in regional, diversified open-end funds is causing investors to question the value of the structure, members heard at the PERE Europe Forum.