Managers

The European asset management firm has raised €115 million from institutional investors for a first closing of a property fund through which it will make investments in Sweden’s residential property market.

The Nordic firm’s second regional retail fund has secured €121 million in commitments. The firm hopes to attract up to €250 million for the vehicle by the end of the year.

The global property investment firm has raised €70 million in commitments from four German investors for its €500 million-plus European Retail Fund.

The Asian and European associations for investors in non-listed real estate vehicles have joined forces with the National Council for Real Estate Investment Fiduciaries to establish a new fund index to measure the performance of non-listed real estate vehicles worldwide.

The Securities and Exchange Commission will now hear public opinion on general solicitation rules after receiving several letters urging it to avoid acting in haste over the JOBS Act.

The New York-based real estate investment firm is looking to raise $650 million in commitments for Savanna Real Estate Fund III, which will target distressed office properties in prime cities such as New York, Washington DC and Boston.

The Alternative Investment Funds Managers bill submitted to the Dutch parliament has introduced a 'lighter depository regime' for private equity and real estate funds.

The White Plains, NY-based real estate investment trust, which has a private fund arm, has exceeded its $500 million target for its opportunistic and value-added fund just three months after the vehicle’s launch.

The Government Pension Fund of Thailand is set to make its first significant step towards becoming a global real estate investor with the appointment of Cleveland-based Townsend Group to deploy $250 million into core and special situations funds in North America, Europe and Asia.

The $238 billion pension system has contributed to two vehicles, sponsored by ARA Asset Management, which will target real estate investment opportunities in China and Asia.