Retail

ESR sells one-third of stake in Cromwell Property Group

ESR will remain Cromwell’s largest shareholder, retaining a 19.9% shareholding, after selling 10.8% in a block trade.

TPG Angelo Gordon closes its largest-ever European real estate fund

Only 8% of the fund’s capital was raised from investors based in the region, while the majority came from Middle East and APAC investors.

Redevco on creating value through strategic transformation

The European retail real estate market has experienced a complex evolution, driven by macroeconomic pressures, geopolitical instability and shifting demographics, says Redevco’s Thierry Cahierre.

The repurposing opportunity has been vastly underestimated

Contrary to popular belief, a significant majority of commercial real estate buildings have a future life, says Jacob Loftus, founder and CEO of General Projects.

Morgan Stanley IM raises $800m for nontraded REIT

The manager has amassed a portfolio of at least 19 US industrial and retail properties for North Haven Net REIT, a private vehicle it launched a year ago to target net-leased assets.

The private real estate industry is on watch amid recession fears

The fallout from Trump’s tariffs policy threatens to further delay a real estate recovery, but not everyone expects a slowdown to occur.

Why Ares, Goldman and Blackstone are charging back into retail real estate

On The PERE Podcast, Greg Dool, Samantha Rowan and Guelda Voien break down a pair of deals that signify a renaissance for the once-exiled sector.

165 Mercer Street, New York: Will a parking-garage-turned-office finally turn its luck around?

Spear Street Capital purchased the 31,000-square foot mixed-use property for $40m in March, with a $24m loan from a Blackstone Real Estate Debt Strategies fund.

Ares and Goldman back $1.8bn shopping center portfolio deal

Retail-focused manager RCG Ventures has closed on the first phase of its deal to take private 100 assets owned by listed REIT Global Net Lease.

Inside Toronto Transit’s real estate portfolio overhaul

The Canadian pension’s chief investment officer, Andrew Greene, tells PERE why it plans to transition its real estate portfolio from mostly direct holdings to majority fund commitments.