Charlotte D'Souza
The vehicle is on track to be one of the largest Europe-focused first-time real estate funds upon final close, which is expected by mid-2026.
The LGPS pool has pledged $90m to a fund managed by Heitman as it continues to build out its global real estate portfolio.
The combination of two UK property funds will create a £4.7bn platform amid shifting preferences from domestic pension schemes.
Setting an upper limit for a vehicle’s size still serves an important purpose in today’s tough real estate fundraising market.
The manager is raising a dedicated vehicle in the sector, alongside separate US- and Europe-focused flagship funds for the first time.
The executive has left the Bavarian pension fund group after more than 21 years overseeing its real estate investment activities.
Allocations in aggregate may have withstood the turbulence of the era, but investors have had to adapt their approach.
The fund fell short of its predecessor in size, but ranks as the fourth-largest Europe-focused real estate equity fund closed this year.
Sovereign wealth funds’ total allocation to real estate has declined for the third year running, Invesco’s latest research finds.
Investing in operationally managed real estate is not a proposition every investor can stomach, but the hunger is spreading.