Sectors

Macquarie targets distress, decarbonization with new fund

The asset manager raised 60% of the commitments for its latest opportunistic real estate vehicle from new investors.

Behind ARA Korea’s Conrad hotel purchase

The firm remains interested in the rest of the IFC Seoul complex, with the acquisition setting ‘the tone’ for its future Korean investments.

HSBC’s Sharpe: I built my career doing what nobody else wanted to do

While others said no to moving to Asia, the relocation was one of the major turning points for the executive’s 40-year real estate career.

‘Property skills’ take on greater importance in a shifting market

An increasing focus on creating cashflow and upgrading buildings has changed how investment skills are prioritized, said panelists at INREV’s North America event.

Brookfield’s Asia real estate veteran to depart

Stuart Mercier was responsible for establishing the Canadian group’s overall business in China before he expanded into a more regional role.

Pennybacker closes on fourth-largest real estate fund this year

The firm, which closed $100m over its target for Fund VI, is part of a growing percentage of managers beating their fundraising goals.

Mineworkers’ Pension nears end of ‘difficult’ office sales

The UK pension fund is close to divesting all of its secondary office holdings as it looks to rebalance its overall real estate portfolio.

Savills IM promotes research head to global CIO

Andrew Allen was appointed global chief investment officer at the London-based manager following Kiran Patel’s retirement last month.

Stoneweg eyes ‘one-stop shop’ in Europe with Cromwell acquisition

The addition of Cromwell Europe will double Stoneweg’s AUM and expand its wheelhouse into multiple new markets, says founder Jaume Sabater.

Cromwell to refocus on the Australian market after Europe unit sale

The firm will shift to being a local manager given the difficulties of being global without vast scale, according to Cromwell’s CEO.