Sarah Marx

The US manager aims to build a UK living investment platform.

The deal will close in three stages through 2029, with the managers set to acquire an initial 51% in June 2026.

Jenny Hammarlund, who has led OTPP’s European and UK real estate investments since moving over from Cadillac Fairview last year, will assume the top job in January.

Commitments to date come from high-net-worth individuals and family offices across Europe, the UK, the US and the Middle East.

The US manager seeded the vehicle with the purchase of an office building in Paris.

Abu Dhabi Investment Authority is selling its 70% stake in the mall to Singapore-based Lendlease Global Commercial REIT.

The pension fund has partnered with the UK manager to fund the development of 3,000 rental homes over the next three years.

Peakside Capital Advisors intends to hold the 127-year-old Neo-Baroque-style property for the long term on behalf of a pension fund client.

DFI aims to build a £500m platform focused on industrial assets near research institutions and other ‘knowledge and innovation’ hubs.

Charles Baigler joined Bridge Industrial in January 2024 to expand the firm’s operations into continental Europe, but left less than two years later.