Fundraising

The British pension fund manager has hired a team from the Abu Dhabi Investment Authority (ADIA) to lead its push into global real estate investment.

The affiliate of US global real estate investment firm WP Carey is buying a portfolio of 61 French logistics properties for $63m as it expands its investment program in Europe.

The Canadian pension fund has enjoyed strong gains from its real estate and private equity investments, allowing it to post an overall return of 16.4 percent.

The Los Angeles private equity real estate firm is leading a management buyout of the casino operator as it continues its activity in the gaming sector.

The private equity world could see another record broken if KKR and Texas Pacific group are able to acquire energy company TXU Corporation for $45bn, surpassing the $39bn Equity Office deal.

Citigroup Property Investors has closed on its Asia Pacific real estate fund on $1.3bn, including a $200 million commitment from the financial services giant.

The New York-based firm will buy Los Angeles-based Smart & Final in a deal worth nearly $813m.

Swiss alternatives manager Partners Group is acquiring heavyweight US real estate advisor Pension Consulting Alliance.

The UK private equity real estate firm is making almost six times its equity investment on the sale of a German property to the real estate firm founded by former Irish tax inspector Derek Quinlan.

Apollo Management now has the financing in place to launch its £1 billion bid for UK estate agency chain Countrywide.