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ESR sells remaining Cromwell stake to BrookfieldHong Kong-based firm first began divesting its ownership interest in Cromwell with the sale of a 10.8% stake in May 2025.
Blueprint: GPIF’s European property play, ESR’s overhaul, BlackRock’s credit push and moreOn a mission to grow its undersized private real estate allocation, Japan’s mega-pension fund GPIF leads the industry headlines this week with its fourth-ever fund commitment in the asset class – and its first to a manager not named Blackstone or Brookfield. Elsewhere, a Starwood-led consortium makes its first move after its $7 billion take-private of industrial giant ESR, BlackRock dives deeper into private credit, Texas TRS eyes luxury hotels and more in this week’s briefing, exclusively for our valued subscribers.
ESR’s $7bn privatization sparks leadership overhaulOne high-level external hire is former Starwood co-head of Europe David Matheson, who previously sat on the board of ESR.
Blueprint: Brookfield’s next real estate chief, Ares and PIMCO raise billions for data centers and moreA carefully laid succession plan comes to fruition this week as Brookfield reveals its next global real estate chief. Elsewhere, debut data center efforts by PIMCO and Ares find serious traction with investors, public REIT managers eye private capital, Patron and Sixth Street orchestrate significant M&A deals, CDPQ heralds a new era for Ivanhoé Cambridge and more in this week’s briefing, exclusively for our valued subscribers.
Blueprint: Starwood's $6bn fundraise, capital flows in the tariff era, PERE Europe forum and moreA pair of PERE exclusives lead the headlines this week: first, an update on Starwood Capital Group’s progress with its latest opportunistic fund, set for a final close in the next year with a $10 billion target. Second, a major new hire at Crow Holdings, which brings on an AIMCo, BGO and CalPERS veteran to run its core/core-plus business. Elsewhere, investors offer differing views on capital flows, student housing continues to draw attention in the UK and more in this week’s briefing, exclusively for our valued subscribers.
ESR sells one-third of stake in Cromwell Property GroupESR will remain Cromwell’s largest shareholder, retaining a 19.9% shareholding, after selling 10.8% in a block trade.
Blueprint: What we heard at MIPIM, Benson Elliot's comeback, and moreThis week, PERE is fresh off a whirlwind of on-the-ground meetings at MIPIM, where property investors reacted in real time to a quickly shifting global economic landscape, but shared optimism about a return to dealmaking in Europe. Elsewhere, Benson Elliott makes a comeback with its first flagship fund close post-PineBridge acquisition; Manulife makes a move into Australia; QuadReal targets mobile homes; and more in this week's briefing, exclusively for our valued subscribers.
'This is the moment to act': KKR, Blackstone and the race to snap up UK REITsOn The PERE Podcast, Jonathan Brasse, Evelyn Lee and Randy Plavajka examine a trio of takeover attempts targeting London-listed property investors.
Blueprint: Investors sour on real estate, emerging managers to watch, the hotel comeback and morePrivate real estate gets a reality check in PERE's latest investor report, which suggests a fundraising rebound is still some ways off. That is not stopping several new managers from making their mark, and we highlight six of them in our February cover story. Elsewhere, we dive into a stunning comeback for hotel investment, how political upheaval is disrupting global capital flows and more in this week's briefing, exclusively for our valued subscribers.
Sixth Street’s ‘Star’ real estate connectionsThe firm’s C-suite executives may hail from Goldman Sachs, but its property business has multiple links to another industry heavyweight.