Value Add

What’s in a hard-cap?

Setting an upper limit for a vehicle’s size still serves an important purpose in today’s tough real estate fundraising market.

HighBrook seeks capital for maiden data center strategy

The manager is raising a dedicated vehicle in the sector, alongside separate US- and Europe-focused flagship funds for the first time.

S2 enters industrial market with purchase of Fort Capital 

The Dallas-based multifamily specialist hopes to scale its logistics holdings to rival its residential portfolio.

HSBC names new leader for real assets business

The new hire held senior leadership positions at Deutsche Bank, including head of alternatives and fund solutions APAC.

Realterm revamps regional leadership structure amid global expansion

The Maryland-based logistics specialist promoted Paul Underwood and Brian Oravec to newly created CEO roles in Europe and Asia-Pacific, respectively.

BlackRock closes sixth European value-add real estate fund

The fund fell short of its predecessor in size, but ranks as the fourth-largest Europe-focused real estate equity fund closed this year.

PSP Investments commits A$800m to Aliro Group for Australian logistics

The majority of the equity raised will be used for growth capital as the fund seeks to acquire more assets on Australia’s east coast.

ESR sells remaining Cromwell stake to Brookfield

Hong Kong-based firm first began divesting its ownership interest in Cromwell with the sale of a 10.8% stake in May 2025.

Asia-Pacific real estate’s shifting image over the decade

The role played by the region and its domestic institutions on the global private real estate stage has grown meaningfully over the past decade.

AIMCo’s $16bn property portfolio in four charts

The Alberta-based pension investor, in the middle of a leadership shakeup and portfolio rebalancing, saw real estate drag on its returns last year.