M7 Real Estate

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

Three years after its inception, M7 Real Estate, one of the exchange’s investors, has got the ball rolling by launching a public offering of one of its own assets.

Nordic investing in focus with major fund closes from NREP and EQT; Brookfield becomes the second mega manager to target an Indian REIT launch; M7 Real Estate to take a single asset public; and more in today's briefing, exclusively for our valued subscribers.

The IPO would be the largest UK real estate listing of 2017 and one of the largest of any kind in the country this year.

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The firm is raising its first Central European fund.

M7 Real Estate and Mount Street Loan Solutions have formed a new joint venture to act as a co-investor and operating partner in European non-performing loan deals.

Traditional and alternative managers, as well as institutional investors, provide a vote of confidence in the real estate market, according to Drew Murphy, partner and head of the private markets advisory practice at Berkshire Global Advisors.

A change atop Ares Management’s global real estate business leads the headlines this week, followed by an exclusive on a US industrial fundraise by BGO with a data center angle. Meanwhile, Hodes Weill finds a dip in investors’ target real estate allocations, Prologis eyes capitalization strategies for its own data center expansion, AustralianSuper expands its UK push, and more in this week’s digest, exclusively for our valued subscribers.

The vehicle, which will build a portfolio of retail parks across the UK and Europe, has closed in a ‘one-and-done’ raise anchored by the multi-manager.

Is there hope for a fundraising comeback yet? A pair of major capital raising successes lead the headlines as BGO amasses a $5.1 billion war chest aimed at Japan and Korea, while Harrison Street’s latest US flagship fund closes on $1 billion directly out of the gate. Elsewhere, US pensions size up the impact of trade wars on capital flows, a London office platform fetches more than $445 million and more in this week’s briefing, exclusively for our valued subscribers.

As corporate real estate deals ramp up in both size and volume, potential targets are focused on generating growth and boosting negotiating power, according to Drew Murphy, partner and head of real estate at Berkshire Global Advisors.

Real estate investment trusts – of both the listed and nontraded variety – are back in the spotlight this week as Morgan Stanley amasses a war chest and national portfolio for its inaugural private REIT, while Singaporean real estate manager CapitaLand eyes an expansion into the Chinese public markets. Elsewhere, private real estate managers find a discount opportunity in REIT stocks; Pretium’s head of real estate decamps for Clarion Partners; and more in this week's briefing, exclusively for our valued subscribers.

The manager raised capital from US investors including CBRE Investment Management’s indirect strategies arm.

Experience and necessity-driven assets are back in focus, but identifying outperforming subsectors is more difficult than ever.