Europe

Sculptor raises $3bn for fifth flagship fund, its largest ever

The manager also more than doubled the size of its non-traded REIT last year after pulling in another $270m.

Prologis CEO Hamid Moghadam to retire at year-end

After more than 40 years leading the logistics giant and its predecessor, AMB Property, Moghadam will be succeeded by company president Dan Letter.

Fiera’s UK real estate arm closes largest-ever fund

Having deployed 85% of the fund’s capital, the manager is back on the road raising the second iteration in its development-led UK logistics series.

Patrizia makes US direct real estate debut amid internal reorg

The German manager is actively expanding beyond Europe, but its investment in a US data center developer was ‘not driven geographically,’ according to head of investment division James Muir.

Brookfield nears final close on BSREP V after raising another $500m in Q4

Executives say retail and high-net-worth investor channels will bolster momentum for its real estate strategies this year.

Big names exit Nuveen in client team shake-up

Former global client chief Mike Perry and alternatives products head Keith Jones have left the $1.3trn firm, which is targeting $2trn in assets by 2030.

Ares eyes windfall for sector-specific funds after GCP acquisition

The Los Angeles-based manager expects to launch at least two new real estate vehicles in Asia this year.

Karim Habra set to leave Partners Group

The executive is departing the Swiss manager less than a year after joining as global co-head of real estate.

Managers have a slippery grip on a fundraising recovery

PERE’s Perspectives 2025 Study indicates sentiment around private real estate is improving among investors. But that does not mean they are ready to invest yet.

Drive for resilience recalibrates global logistics

Global supply chains have been reorganizing since the pandemic, but that does not necessarily mean deglobalization.