Deals

The global financial crisis hit property markets the world over, but some transactions weighed on events – or were shaped by them – more than most. PERE picks 10 that had the biggest impact.

A handful of organizations found they were unencumbered by their pre-crisis dealings, able to recognize bottoming conditions and could access the capital to get investing again. They became the post-crisis winners.

The Danish pension fund is looking to increase and diversify its international real estate investments.

Through a new $2bn JV with Lendlease, the fund hopes to learn lessons about development in gateway cities applicable to other markets, its head of real assets told PERE.

Total deployment in the asset class from publicly traded firms Blackstone, Apollo, Carlyle, Ares and Brookfield increased year-on-year, but realizations dropped at the same time, according to the firms’ latest earnings results.

The rising popularity of real estate debt generates M&A opportunities, but the lack of independent debt fund businesses limits the scope for consolidation.

The Los Angeles-based investment firm is understood to be mulling the sale of its remaining real estate fund interests.

The transaction represents the first investment by Hodes Weill’s principal investing platform, Tunbridge.

The Dutch pension fund aims to invest €1.5 billion in North America by 2020.

The German pension fund is part of a six-party consortium that has purchased more than 100,000 square feet of vacant office space at 685 Fifth Avenue in New York.