Opportunistic

ICD Brookfield Place sale should set a precedent, says Brookfield boss

The partial exit by the Toronto-based manager and its joint venture partner Investment Corporation of Dubai is a marker for institutional investors looking at doing business in the region, Jad Ellawn, Brookfield’s head of Middle East, told PERE.

Proprium sells stakes in Motel One for €1.25bn

Proprium has exited its 35% stake in the European hotel business to its co-owner, 17 years after making its original investment.

Blackstone’s co-CIOs discuss what lies beyond its $1trn AUM

Shortly after reaching its long-time goal of $1trn in AUM, Blackstone ushered in Lionel Assant and Kenneth Caplan as co-CIOs. The pair to discuss how the newly created role will aid the firm in its future growth.

The opportunity is distress – without the big discounts

Active private real estate investors are buying up assets from owners under pressure. But they are less fixated on bargains.

Investec launches UK real estate equity strategy

The UK and South African bank is raising capital from investors to acquire real estate assets on a deal-by-deal basis.

PIMCO targets €750m for first data center fund

PIMCO will invest the fund’s capital across Europe via its dedicated data center development and operating company Apto.

Noble hires Fifth Wall’s head of capital formation for new role

Angela Johnson will focus on cultivating new investment opportunities emerging in the US hospitality sector.

Blackstone is ready to talk about its Embassy REIT exit

With support from some of India’s biggest domestic investors, the exit from Embassy REIT generated a 3x to 3.5x return for Blackstone.

ActivumSG appoints fundraising veteran Lemer for growth drive

The firm has hired a former EQT Exeter executive to lead investor engagement, fundraising, co-investment and business development functions.

Institutional interest in European real estate is evidently growing

Attractive pricing and green shoots of liquidity in Europe present an increasingly compelling proposition for global capital markets to get behind.