Thomas Duffell
The current investment environment is considerably uncertain and valuations in many markets are high, meaning returns may be inadequate for the risks being taken, the Singaporean sovereign wealth fund said in its annual report.
The Dutch pension giant said the strategy to invest in offices housing media, telecom and tech companies in the German capital will also play a part in its ambitious sustainability target.
.jpg?id=12885359305 "ADIA’s real estate investment pace slows")
In its annual report, the preeminent sovereign wealth fund of the United Arab Emirates said it was focused on selling assets and refinancings as attractive global real estate opportunities become harder to source.
The multifamily investment firm has agreed to acquire New York-listed Monogram Residential Trust for its maiden open-ended core-plus fund with backing from four marquee institutional investors.
European fundraising accounts for 39% of the global capital raised by closed-ended private real estate funds in H1 due to multiple $1bn-plus fundraises, according to PERE fundraising data.
The firm will again look to raise KRW500bn from Korean institutions looking to gain exposure to investments in office properties in international gateway cities.
The investment manager’s acquisition of the Innov Tower is the final investment from its second pan-Asian value-add fund.
The New York-based firm has agreed to acquire Singapore-listed, but Japan-focused, Croesus Retail Trust at a 38% premium to its 12-month average price.
Australia’s largest landlord has partnered with Adelaide-based developer Commercial & General on the strategy.
Phillip Ling, the former co-CEO, Asia Pacific for LaSalle Investment Management, has taken a director role at one of New Zealand’s largest listed property groups.