Lendlease

Abu Dhabi Investment Authority is selling its 70% stake in the mall to Singapore-based Lendlease Global Commercial REIT.

The superannuation fund’s head of property expects to deploy more capital in the country than any other region next year.

Bart Price, the sovereign wealth fund's head of growth markets real assets, will join as chief executive of the platform by early next year, PERE understands.

ESR postpones the launch of its C-REIT until later in the year, citing the low share prices of existing C-REITs in the market; Blackstone’s Wesley LePatner follows in Frank Cohen’s footsteps as BREIT’s new CEO, after previously replacing him as head of the firm’s global core-plus real estate business; Warburg Pincus and Lendlease make headway on building an Asia-Pacific life sciences platform with a $1.2 billion debut deal; and more in today's briefing, exclusively for our valued subscribers.

Some managers and investors are shedding assets and business lines to stay competitive, contesting the deep-rooted hypothesis that with scale comes success.

After starting a direct property investment business last year, New York-based manager GreenPoint Partners is now raising its first real estate fund.

The real estate investment arm of Caisse de dépôt et placement du Québec is looking beyond the major US clusters with its new Lendlease joint venture.

Through a new $2bn JV with Lendlease, the fund hopes to learn lessons about development in gateway cities applicable to other markets, its head of real assets told PERE.

PERE’s investor ranking has recorded its highest-ever aggregate allocation to private real estate. But its growth says more about asset repricing than increased activity.

Deal volumes in Australia rose 16% year-on-year in the first six months of 2026.

Dealflow in recent years has been unimpressive, largely due to high asset prices and a shortage of institutional grade stock.

Nuveen’s acquisition of London-based asset manager Schroders is slated to form a $2.5 trillion asset management titan with a private real estate exposure at around $172 billion. Madrid-based insurer Mapfre is looking to diversify its property portfolio and seek opportunities outside the office market, investment manager-owning listed brokers experience stock rout because of AI bubble fears and more in today’s digest, exclusively for our valued subscribers.

The Australian superannuation fund has acquired a 49% stake in the partnership, which comes seeded with a 2.8m-sq-ft Southern California portfolio.

Having been with the firm for over 16 years, Phua has passed his role to another senior executive within the team.

For the first time, the Australian government has directed the superannuation fund to target specific asset classes when making investments.

Venture capital funding is rebounding, which is driving rental growth.