Sarah Marx

The deal will broaden and further internationalize L&G’s real estate exposure.

Mitsui Fudosan will invest $1.4bn to develop an extension to the library, in the St Pancras district of London.

Had the £322m deal for the Can of Ham building proceeded, it would have been one of London’s largest office transactions in years.

Well-known Zodiac House has been through some changes over the decades, from a WWII hospital to the prime location of a TV show, but is now in for a 2025 overhaul by Croydon City Council.

The firm acquired the historic Power House in West London for £7m, and is set to launch Maleo X, a not-for-profit recording studio for emerging talent.

The managers have become co-owners of a UK logistics portfolio, which they aim to scale.

The London-based manager, which launched in March, has made the acquisition on behalf of its debut European real estate fund.

The New York-based manager bought an 80% stake in South Africa-listed Burstone’s Pan-European Logistics platform on behalf of its BREP X and BREP Europe VII funds.

The debt secured on the 36-storey office building is due to be repaid in January 2025.

Institutional capital was a major contributor to investment volumes in the asset class nearly doubling in the second quarter of 2024 from the same period last year, Cushman & Wakefield reported.