Local government pension schemes committed an aggregate £275m across two affordable housing funds last week.
Whether or not the election-induced delay to the country’s real estate recovery will be contained depends on whether a new government can work together.
The purchase marks the fourth hotel deal for the manager’s first value-add hospitality fund.
The firm’s president of North America believes NIMBYism will cause development to stall and rents to rise in the popular sector.
The New York-based housing specialist’s fund was backed mostly by US investors, including the Virginia Retirement System.
The firm’s CEO said $2trn in projected capital expenditures in data center development globally will create ‘unprecedented opportunities.’
Before launching a dedicated fund, the firm has deployed over A$5bn in Australia across real estate debt and equity since 2011.
Hamid Moghadam, however, is less concerned about the direct impact of tariffs on China.
Lee Levy, senior managing director and head of debt, most recently was Goldman Sachs' co-head of US real estate credit investing.
Labour’s new planning and housebuilding proposals will boost demand for space and increase rental growth in the country’s logistics market, write DTRE’s Robert Taylor and Will Elvidge.