Value Add

Hongkong Land’s Smith: ‘Recycling capital is our top priority’

The listed company plans to expedite the return of invested capital, including transferring balance-sheet assets to third-party vehicles.

DOWNLOAD: Investor appetite for real estate wanes as allocations dip

Six in 10 institutions are now underweight in the asset class, but just 34% plan to up their investment in 2025.

CIM Group makes senior hires to expand global investor coverage

The firm has hired two capital market veterans from Harrison Street and Argo Infrastructure to lead the fundraising effort in EMEA and APAC.

China’s appeal declines further among real estate investors

For the first time, no Chinese locations appeared among property investors’ top 10 cities in CBRE’s Asia-Pacific investor intentions survey. ANREV’s own recent poll indicates a similar sentiment.

Multifamily specialist Platte Canyon launches with Inceptiv backing 

The manager is targeting sub-institutional deals in five US markets.

Oxford Properties’ M7 stake sale ‘was always the plan’

With a divestment to AustralianSuper, the Canadian pension investor is executing a long-term plan to achieve scale in European logistics.

Verdion nears final close for second logistics fund

The London-based logistics manager has already doubled the capital raised for its previous European value-add vehicle in 2020.

Texas TRS earmarks nearly $700m to five managers

The pension’s December commitments included $400m to a co-investment vehicle with Blue Owl and $75m to a new manager relationship.

DOWNLOAD: FY 2024 fundraising volume down 50% from peak

Just $131.1bn was raised last year for private real estate funds, marking a third consecutive year of decline.

NBIM buys $1bn stake in US logistics portfolio from CPP

The Oslo-based manager picked up a 45% stake in a joint venture with Australian outfit Goodman, which will maintain its 55% ownership.