Weinberg Capital Partners, the Paris-based firm, is on course to meet its target of €150m to deploy in opportunistic and value add investments amid ‘economic turmoil’ in France.
Brookfield Asset Management’s advisory business Brookfield Financial has snapped up Michael Rhydderch from Cushman & Wakefield mandating the veteran European deal-maker to grow its real estate advisory team in the region.
The Boston-based private real estate firm has agreed to sell the entire portfolio of its third property fund to Liberty Property Trust for $1.475 billion.
Eric Adler’s meteoric rise in private equity real estate continues as he is named CEO of the $37 billion real estate investment manager a little more than three years after joining.
The C$183.3 billion pension plan has agreed to acquire a minority interest in Aliansce Shopping Centers, in a deal that will see General Growth Properties largely exit its investments in Brazil.
In the effort to improve returns, the Chinese sovereign wealth fund sharply increased its allocation to 'long-term investments', including real estate.
The London based charity, which has tended towards making direct property investments since 2008, has formed a joint venture to develop sites in the UK.
The New York-based private equity firm has now raised half of the target capital for its debut property fund. The firm also has invested an additional $250 million for “new strategic initiatives” within real estate.
Now that Brookfield has finished raising its first global real estate opportunity fund, the firm’s next challenge will be following through on its investment strategy.
Perella Weinberg has closed its second pan-European fund with total equity commitments of more than €1.3 billion, making it the largest equity haul for a pan-European opportunistic real estate fund since Blackstone closed its Europe-focused fund in June 2009.