Private capital to real estate increased 13.5 percent from Q3 2006 to Q3 2007. International real estate investments jump 96 percent, according to Pensions & Investments magazine.
E-House has held a first close on its first real estate opportunities fund, targeting opportunities across China.
Red Fort Capital Advisors expects to deploy its new fund completely in the next year, with 80 percent invested in land acquisition.
The US’ largest pension fund has purchased yet another stake in a big-name buyout firm, reportedly paying $275 million for an interest in Silver Lake.
ABP’s sale of KFN, which owns €1.6 billion worth ($2.3 billion) of prime Dutch offices, completes a 12-year program of reducing wholly-owned property investment in the Netherlands as it diversifies holdings internationally.
The US pension fund has agreed to invest in Dutch and Belgium logistics assets via a new joint venture as it ramps up its growing international exposure.
PGGM has agreed to invest a further $100 million to the US firm’s class A apartment communities fund on top of the original $100 million committed last year.
PERE looks back at the year just passed for the trends that mattered most. Today we look at trend number two - private equity real estate management companies monetized their franchises through partial sales to external investors.
No one is in a rush anymore, including LaSalle Investment Management. Having just closed its $3bn Asia fund, the firm is taking its time over deals. PERE Magazine December 2008/January 2009 issue
London-based Brockton Capital has sold a prime London office and is out raising £300m for its second UK opportunity fund. PERE Magazine December 2008/January 2009 issue