Value-Add

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.

Catalyst closes second IOS fund above target

While its debut fund was backed mainly by family offices, the firm saw significant institutional support for Catalyst IOS Fund II.

Real estate investors are unfazed by Japan’s historic rate hike

However, investor preferences and strategies have been changing as the country’s negative interest rate era comes to an end.

ESR’s ARA Private Funds sale has three carve-outs

Although the firm will continue to own other parts of ARA Asset Management, the APF sale itself includes notable exclusions.

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.

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.

Malaysia’s KWAP to double real estate AUM by 2025

In addition to expanding into non-core strategies, the investor is planning to increase its pool of real estate funds from five to 15 by 2025.

Crow Holdings Capital closes its biggest fund yet

The Dallas-based manager closed the 10th fund in its flagship value-add series on $3.1bn, a 35% increase on the previous fund.

Flexing fund terms will have knock-on effects, say lawyers

Investors may be amenable to investment period extensions in today’s climate, but lengthening the fund term could have more serious implications.

Pro-invest launches co-living platform in Australia

The firm will focus on converting existing hospitality assets into co-living properties in the country through a value-add strategy.