The newly launched firm is betting on the resilience of the region’s office sector, despite the unprecedented uncertainty brought on by the pandemic.
The firm had over $20bn of inflows in Q2 2020, which includes significant capital raised for the Blackstone Real Estate Debt Strategies IV.
Schroders held a second close on its latest hotel-focused fund.
London-based Verdion Properties raised €137m for European Property Fund I, its debut commingled fund, to make value-add/core-plus investments.
The St Louis-based manager has reached a first close on its fourth fund focused on the commercial real estate net lease and build-to-suit sectors.
Asia-Pacific real estate funds recorded the biggest year-on-year growth in terms of total capital raised in the first half of 2020.
The European vehicle represents the latest offering in the Toronto-based alternative asset manager’s lower-risk, lower-return fund series.
PERE’s research shows a slowdown in real estate debt fundraising since a post-global financial crisis peak in 2017.
In the wake of the covid-19 outbreak, fundraising managers can be sorted into three categories: those finishing final closes, those launching new funds and those somewhere in between. All three must deal with unprecedented circumstances. But midstream fundraisers face the greatest challenges, especially managers that have already started deploying capital. Valuation is the key issue. […]
The seventh in the value-add, pan-European fund series, inherited in the manager’s 2017 purchase of peer Rockspring Property Investment Managers, has attracted €750m, 50% more than originally targeted.