Alternatives

Blackstone raises $3.2bn in three months for BREP Europe VII

Over half of the New York-based mega manager’s investment activity in real estate this year has been in the region.

Mubadala commits $300m to CBC HIP’s China life science venture

The APG-backed healthcare platform is also in talks with other institutions from Asia and the Middle East as it eyes a $1.5bn final close.

AustralianSuper merges ‘increasingly close’ property and infrastructure teams

The investor sees ‘a blurring of investment opportunity classification across the two asset classes,’ says head of mid-risk Jason Peasley.

Climate risk ushers in a new science for real estate investing

As more managers integrate transition and physical risk into their market analysis, the implications for capital flows should be substantial.

Fitwel certification launched to standardize real estate’s social impact

The Certified Metrics tool, which is being piloted by managers including PGIM Real Estate, will be the first to benchmark the ‘S’ in ESG.

AEW estimates the cost of climate-related transition to European real estate

The investment manager believes the impact on returns of energy-efficiency upgrades will be more ‘manageable’ than previously feared.

Areim’s Andersson: New CEO will bring ‘the ability to scale’

The Nordics-focused manager has appointed a senior construction executive to lead its next phase of growth, says founder Leif Andersson.

Harrison Street reaches $2bn mark with Fund IX

The Chicago-based manager’s latest equity haul for its ninth US opportunistic vehicle comes three months after an initial close in June.

Japan’s biggest endowment remains cautious about US real estate

The investor first began building a core portfolio in Europe and Australia and now looks to expand into non-core strategies.

Real estate investors unfazed about potential rate hike in Japan

But those deploying capital in the country would still benefit from risk mitigation, members heard at the PERE Network Tokyo Forum 2023.