Northern LGPS

The UK pension pool is on the lookout for its maiden external real estate managers.

The PERE roundtable assesses how political volatility, shifting capital flows and higher financing costs are changing the outlook for UK real estate – and where value can still be found.

In this final edition of Blueprint for 2025, we send you into the holiday break with a pair of sector-specific fundraising scoops. First, PIMCO sets a new bar for efforts targeting European data centers after closing its debut sector fund on a record €1.8bn. Meanwhile, Bain Capital reaches $1.6bn with its first dedicated real estate fundraise targeting the retail sector. Elsewhere, key details emerge about listed giant Hongkong Land’s private real estate debut, and more in this week’s digest, exclusively for our valued subscribers.

Massive joint venture formations dominate the real estate headlines this week as CPP Investments and TPG stake their latest claims in the logistics sector. Meanwhile, data center fundraising gains momentum as PIMCO and Harrison Street reveal fresh commitments; Fifth Wall readies its latest proptech war chest; Blue Owl makes a regional-bank play and more in this week's briefing, exclusively for our valued subscribers.

The UK pension pool made the first investment for its newly launched UK Residential Indirect Property Partnership earlier this month.

Border to Coast Pensions Partnership has established core and value-add vehicles with a combined target of £1bn in partner fund commitments.

The real estate investment management arm of US insurer Prudential is aiming to double its AUM in the region in five years via four ‘pillars of growth.’