The Singaporean sovereign wealth fund and German reinsurer have separately invested billions in the asset class in recent months.
The manager reportedly outbid KKR and BGO for the mixed-use Garden Terrace Kioicho and its 1.2 million square feet of fully occupied offices.
Lower debt costs and a growing appetite for operationally intensive alternatives will drive merger activity.
Robert Rackind sees an opportunity to take a real estate investment manager public amid pressures in the 'squeezed middle' segment.
The firm defines RE deals as any transaction where private equity is exchanged in the capital stack and where the operator maintains control over the asset.
The milestone comes four years after the New York-based infrastructure giant formally launched a dedicated platform in the asset class.
With a focus on transparency and liquidity, Fund VI will exclude Hong Kong and China, and will further limit exposure to the office sector.
Speakers at NYU Schack’s capital markets conference disagree on whether to hold or dispose of core assets.
While the country has seen faster repricing than other markets, some see the UK as less attractive for investment for other reasons.
Gaining significant exposure to real estate credit was also a key draw, according to global co-head of real estate Karim Habra.