The Houston-based real estate powerhouse and the Frankfurt-based asset manager have made two mixed-use assets, in Madrid and Barcelona, their eighth and ninth purchases for the €1.3bn mandate with Germany’s largest public pension fund.
Stronger economic growth, the availability of debt capital, and a more positive outlook from investors are driving global property capital flows in 2017, according to the property consultancy’s latest investor survey.
Performance for the Canadian pension plan’s private portfolio, which continues to grow, is in line with last year’s.
George Ochs has joined the Los Angeles-based firm as its first head of investor relations.
The UC Board of Regents will up its PE allocation for its $9.9bn endowment at the expense of public equities and fixed income, but said it will take its time and doesn’t want to ‘just fill a box’.
Research commissioned by the trade organization also revealed that non-listed real estate funds that use currency hedging strategies experienced a reduction in risk of between 25% and 36% compared with unhedged funds.
The real estate arm of Singapore’s sovereign wealth fund entered the student housing space last year.
The Toronto-based alternative asset manager and New York pension fund are selling the 45-story building to a joint venture led by China’s HNA Group.
fell short of its predecessor’s $2bn close.
The London-based private equity real estate firm has held a final closing for the vehicle just three months after holding its first.
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