Foreign capital accounted for 74% of total transactions in Q1 of the year, the highest first quarter percentage since 2017, according to deal data house Real Capital Analytics.
Sandcrawler SG
The Sandcrawler building is one of the private equity firm’s first two investments in Asia targeting tenants in the fast-growing industry.
The Toronto-based alternative asset manager will now expand its product offerings stateside following the take-private transaction.
Data centre
The Dutch pension fund manager has committed close to $700m in the region’s data center platforms since the second quarter of 2020.
Majority-owner Sun Life has decided the manager will focus on its bigger Infrastructure business. To that end, InfraRed’s European real estate platform is expected to be sold, while its Asia platform will be merged with Sun Life’s main private real estate business, Bentall GreenOak.
Apollo and VICI Properties' $6.25bn purchase comes from a distressed situation but the asset itself was by no means sold at distressed pricing.
The private equity firms’ large bet on the hotel owner and operator speaks to the faster-than-expected rebound in the sector, but its pricing remains a point of contention.
The $197bn private credit and private equity giant follows TPG and Brookfield in looking to gain exposure to the rapidly growing secondaries market.
Sandcrawler SG
Blackstone is in talks to buy the building from Disney-owned Lucasfilm, as part of its strategy to invest in suburban business parks.
In 2020, US and Canadian investors deployed the least amount of capital in the country out of all overseas buying groups, according to RCA.
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