Charlotte D'Souza
London-based residential specialist Matter has also received an investment from Madison into its value-add and opportunistic funds.
Henrik Brinck Landelius’s resignation is unrelated to NPS’s purchase of a minority stake in the Swedish manager two weeks ago, an official said.
The vehicle, which will build a portfolio of retail parks across the UK and Europe, has closed in a ‘one-and-done’ raise anchored by the multi-manager.
PERE’s investor ranking sees its first-ever aggregate decline in property exposure as macroeconomic factors continue to weigh on values and sentiment.
Projections of occupier demand propel cities with established defense industries notably higher up LaSalle’s European Cities Growth Index.
In targeting French retail investors, the manager seeks to broaden its capital base amid a ‘very competitive’ market for institutional capital.
The firm is considering internalizing the management of the platform to capture enterprise value for its investors, according to global head of real estate Nick Montgomery.
The pension partnership has received £430m of fresh capital into the fund, with up to £500m more expected next year, according to head of UK real estate Alistair Smith.
There may be a swath of real estate firms seeking a capital partner to stay competitive, but only those with targeted growth plans are catching investors’ attention.
The investment is understood to be the pension fund’s first stake acquisition in a European real estate manager.