Sarah Marx

The London-based manager, which launched in March, has made the acquisition on behalf of its debut European real estate fund.

The New York-based manager bought an 80% stake in South Africa-listed Burstone’s Pan-European Logistics platform on behalf of its BREP X and BREP Europe VII funds.

The debt secured on the 36-storey office building is due to be repaid in January 2025.

Institutional capital was a major contributor to investment volumes in the asset class nearly doubling in the second quarter of 2024 from the same period last year, Cushman & Wakefield reported.

The £35m deal was also the Singaporean manager’s first since its inception a year ago.

The firm’s acquisition of Quintain Developments Ireland from Lone Star for €200m follows its takeover of Intervest in May.

The UK private pension fund has acquired 3,000 homes in the country’s largest-ever deal for shared ownership housing.

The Milan-based manager will convert the property into student housing following the 2026 Winter Games.

He arrives in the newly created role from a nine-year stint at CBRE Investment Management.

Commitments and deployment accelerated significantly over the last three quarters.