Deutsche Finance International

The London-based firm has acquired two separate portfolios amounting to £177m via its partnership with Argo Real Estate.

Real estate investors are targeting value-add and core-plus strategies in response to rapidly evolving market conditions.

The Toronto-headquartered firm has followed its US entry earlier this year with the launch of a European partnership with the New Zealand Superannuation Fund expected to start with a €427m recapitalization deal.

A €150m seed commitment to Deutsche Finance International’s second Europe value-add fund comes five years after the NZ$58bn investor exited from a portfolio of offshore fund positions.

Participants in PERE’s UK roundtable describe a market emerging from the shadow of Brexit and covid. But the pandemic debt hangover portends a painful recovery.

Experts from Bouwinvest Real Estate Investors, Clarion Partners, Deutsche Finance International and Nuveen Real Estate discuss the radical changes underway in the once-predictable office sector at PERE’s workplace roundtable.

A seed portfolio, ‘essential’ to attracting capital prior to the covid-19 pandemic, has become a liability for many firms in fundraising mode.

The European private equity real estate firm has already deployed 80% of the €436m in fund and sidecar capital it has raised in ‘space-as-a-service’ assets.