Retail

Pike’s Makarora raises and deploys first capital for debut fund

The New York-based firm founded by ex-Blackstone real estate boss Chad Pike has refined the strategy for its first fund to focus on opportunistic investments.

Realty Income REIT holds first close on inaugural open-end fund

Realty Income eyes $1bn in commitments by the end of Q1 2026.

CBRE IM’s Indirect unit commits €500m to Redevco’s debut fund

The vehicle, which will build a portfolio of retail parks across the UK and Europe, has closed in a ‘one-and-done’ raise anchored by the multi-manager.

KIC eyes total portfolio approach as real estate underperforms

While the investor keeps its allocation to real estate, it will alter its investments within the asset class.

Border to Coast’s UK direct fund hits £2bn pooling milestone

The pension partnership has received £430m of fresh capital into the fund, with up to £500m more expected next year, according to head of UK real estate Alistair Smith.

Alaska Retirement Board eyes more non-core real estate 

The Juneau-based pension is also looking to form new core/core-plus partnerships as its consultant calls a market bottom.

Australia’s Rest joins Blue Owl to invest in US REIT

The investment will help the superannuation fund diversify its property holdings, particularly in the retail and industrial sectors.

Korea’s NPS acquires minority stake in Sweden’s Areim

The investment is understood to be the pension fund’s first stake acquisition in a European real estate manager.

Texas ERS names new head of real assets

Head of private real estate Amy Cureton takes over for longtime real assets lead Bob Sessa, who has retired after 25 years with the fund.