Industry News

Schroders Capital has announced the launch of the Global Real Estate Total Return (GRETR) fund, the latest in its suite of semi-liquid funds aiming to 'democratise' private assets. The fund will provide access to Schroders Capital’s risk-adjusted real estate strategies including direct investments, alongside minority allocations to public real estate equity and higher yielding real estate debt. The vehicle will be managed by Kieran Farrelly, head of real estate solutions, and portfolio manager, Yim-Mei Liew. Schroders Capital‘s semi-liquid series, also...

Global investment giant Blackstone has announced the final close of its latest global real estate fund, Blackstone Real Estate Partners X (BREP X). BREP X has $30.4 billion (€28.9 billion) of total capital commitments — the largest real estate or private equity drawdown fund ever raised, according to the firm. In total, Blackstone’s three opportunistic strategies (Global, Asia, Europe) now have $50 billion of capital commitments. Blackstone said it had delivered a 16% net IRR on over $100 billion of...

Ingka Centres, part of the Ingka Group, has acquired a major Paris inner-city shopping destination, Italie Deux, together with the recent high-street extension ItaliK, and the neighbouring office complex Apollo. The deal was struck in two parts, with Ingka acquiring UK REIT Hammerson's 25% stake in Italie Deux and the ItaliK extension, and AXA Investment Managers - Real Assets's 75% stake in the assets, which include the Apollo complex. Hammerson revealed that its 25% stake was sold for a cash...

PIMCO Prime Real Estate, a leading global real estate investor and manager of the Allianz Group’s $93B+ real estate mandate, has completed the redevelopment of the new Radisson Collection Hotel Santa Sofia in Milan. The project has transformed the 1960s office building into a five-star, LEED Gold-certified hotel with strong sustainability credentials while maintaining its highly-regarded architecture and façade. Located in Via Santa Sofia 37, this landmark hotel has been developed as a high-quality, sophisticated asset which can act as...

Savills Investment Management (Savills IM), the international real estate investment manager, has strengthened its German capital raising team with the appointment of Viola van der Bosch. As Director Business Development, she will be responsible for distribution efforts in the region with a particular focus on DRC Savills IM’s debt offering. She will report to Rena Knöpke, Managing Director and Head of Business Development Germany, Austria and Switzerland. Prior to joining Savills IM, Viola was at Union Investment Institutional, where she...

UK social impact investor Civitas Investment Management has announced the hire of Lisa Feifer as head of investor relations. Feifer has been engaged in real estate fund management and global capital raising for over 20 years. She has extensive experience and a proven trackrecord, having spent over thirteen years at Orion Capital Managers, where she was a partner specialising in Investor Relations and responsible for capital formation. Prior to that, she held senior positions at Lehman Brothers, Grove International Partners...

Leading diversified professional services and investment management company, Colliers today announced the expansion of its existing UK Debt Advisory team to now cover the EMEA region. The expansion of the team’s scope, headed by Ben Thomason, is to maximise the potential for clients in the currently challenged Capital Markets where the demand for bespoke real estate financing solutions is paramount. This latest strategic decision follows the appointment of Luke Dawson as head of Global Capital Markets & EMEA and the...

La Française Real Estate Managers (REM) has announced the appointment of Thierry Molton and Guillaume Allard to the executive board, effective from April 2023. They will be succeeding Marc-Olivier Penin and will be responsible for the comanagement of La Française REM's “Retail” division, in charge of the real estate offer tailored to private clients, including collective real estate investment vehicles and unit linked vehicles for insurers. David Rendall will continue to manage La Française REM's “Institutional - France and International”...

German property investor HIH Invest Real Estate has announced the acquisition of an office property located at Justus-von-Liebig-Strasse 28 in Bonn, Germany, in an offmarket transaction. The property was sold by a joint venture between property developer Ten Brinke and BLI Invest for an undisclosed amount. The acquisition took the form of a forward-funded club deal arranged on behalf of institutional investors. The five-storey stand-alone building, which has two basement levels and a landscaped rooftop patio, occupies a plot of...