Pradera completes fund recapitalization – Exclusive

The London-based retail real estate manager’s sale of a six-property portfolio will allow investors in its Pradera European Retail Fund 2 to fully exit the vehicle.

CPPIB, GIC double down on student housing with $1bn deal

The investors are buying a second portfolio from Chicago-based Harrison Street 10 months after inking their first purchase with the firm.

DREAM closes first US debt deal – Exclusive

The Japanese firm, owned by Mitsubishi Corporation, also is planning to launch its first fund dedicated to the strategy in the spring.

Patrizia turns Euro heavyweight with purchase of Rockspring

Patrizia’s supersonic year of growth finishes with the €7.8bn capture of the London-based pan-Europe-focused private equity real estate firm.

Henderson Park buys Paris hotel from GIC for €550m

Founder Nick Weber said the firm, which purchased Paris’s largest hotel last year for €365m, has bet on some large institutional assets with opportunities to generate higher returns.

Fringe benefits for US pensions looking to consolidate holdings

  The recently reported strategy of a public pension fund to consolidate and refocus its core real estate holdings from multiple separate accounts to larger real estate fund investments reveals yet another interesting example of the potential advantages that tax exempt sellers hold in the market. As competition to deploy capital in core asset classes […]

Taurus’s debut fund now 70% deployed – Exclusive

The Boston-based private equity real estate firm extols the virtues of being ‘a closer, not a negotiator’ as it acquires its first new investment for the Taurus US Logistics Fund I it raised in June.

Brookfield CEO: GGP takeover talks remain active after rejection

While the mall REIT did not accept the initial $14.8bn offer, Brookfield’s Bruce Flatt predicted ‘long, long processes’ of negotiations.

Gaw Capital eats into Fund V equity buying $2.9bn HK retail portfolio

Private equity real estate firm Gaw Capital Partners led a consortium of investors in acquiring a retail portfolio comprising 17 shopping centers in Hong Kong from listed-property company LinkREIT for  HK$23 billion ($2.95 billion; €2.49 billion). The consortium consisted of Gaw and some limited partner co-investors, as well as the private equity arm of New […]

Sacramento County swaps separate accounts for fund stake

In an unusual real estate secondaries deal that one executive called a ‘no-brainer,’ the $8.6bn pension system is trading six assets for a $250m interest in an open-ended fund.