Charlotte D'Souza
The UK manager aims to bring all of its real estate equity and debt strategies into Spain and elsewhere in Europe over the next three years.
The UK asset manager has acquired a majority stake in BauMont Real Estate Capital to diversify into higher-returning real estate.
The practice enables the UK local government pension schemes to explore new areas of private real estate, such as impact investing.
With one eye on the new market cycle, emerging and evolving capital sources are mobilizing to make the most out of an allocation to private real estate.
The investor’s newly formed international team has partnered with Delancey to invest £1bn in the UK, with London offices as the initial focus.
The fund, which raised €2.24bn, is also the largest Europe-only real estate fund to close so far this year.
The £500m commitment to a joint venture with Kennedy Wilson represents the Canadian pension plan’s first foray into SFR in Europe and a chance to 'really go at scale' in the sector.
In seeding a first-of-its-kind pan-European student accommodation fund, the manager’s indirect real estate business has shifted its approach to the sector.
During Expo Real in Munich last week, executives tempered hopes of a market recovery citing the influence of geopolitical events on capital flows and investments.
Capital raisers in attendance at Expo Real in Munich this week spoke of the need to adapt fundraising strategies as capital flows remain in the doldrums.