Europe

The fund, which raised €2.24bn, is also the largest Europe-only real estate fund to close so far this year.

The £500m commitment to a joint venture with Kennedy Wilson represents the Canadian pension plan’s first foray into SFR in Europe and a chance to ‘really go at scale’ in the sector.

In seeding a first-of-its-kind pan-European student accommodation fund, the manager’s indirect real estate business has shifted its approach to the sector.

Property-level distress is not just a US office problem, says Tom Leahy, MSCI’s head of EMEA real assets research.

The UK pension pool made the first investment for its newly launched UK Residential Indirect Property Partnership earlier this month.

During Expo Real in Munich last week, executives tempered hopes of a market recovery citing the influence of geopolitical events on capital flows and investments.

The Chicago-based alternative asset manager is teaming up with the London-based firm to invest in two platforms focused on the sector.

The investor is an outlier in an industry increasingly skeptical of emerging managers.

A pan-European, open-end fund and the first of a series of SMAs is in the works, nine months on from the appointment of Nick Preston to lead Panattoni Investment Management.

The Toronto-based pension giant promoted Randy Hoffman to head of US and Tyler Seaman to head of Canada, among several other moves.