Managers

The São Paulo-based alternative investment management firm has completed fundraising for the second issuance of its Brazilian real estate rental income fund and plans to launch a new development fund later this quarter.

The Italian real estate management firm is looking to raise €100 million for a fund focusing on the development of luxury properties in Sardinia.

The Greenwich, Connecticut-based firm, led by Barry Sternlicht, has commenced fundraising for Starwood Distressed Opportunity Fund IX, targeting between $2 billion and $3 billion. The firm's hospitality fund series, however, will come to an end.

The Asia logistics giant led by ex-ProLogis chief Jeff Schwartz and backed by the Government of Singapore Investment Corporation has reportedly been granted exclusivity in its negotiations to buy the Chicago-based investment management firm’s 24-asset Japanese logistics portfolio.

The $26 billion pension plan’s board has approved a commitment to the Philadelphia-based private equity and mezzanine debt investor's latest high-yield real estate debt fund.

Pradera follows up plans for an Egyptian retail fund with plans for a fund targeting investments in the Turkish retail real estate sector. The London-based firm has teamed up with Istanbul-based Krea Real Estate to launch the vehicle.

The Garden State has revealed a resolution to commit $300 million to Blackstone Real Estate Partners VII in a 21 July meeting.

The fund management arm of London-based Grosvenor has secured a commitment of £190m for a West End office investment programme with a value-added strategy. Grosvenor will invest £10 million into the partnership as well as provide its sourcing and management services.

Optimum Asset Management, the Berlin and London-based real estate fund manager expects to generate a return of 15% IRR from investments, mainly in Berlin’s residential market.

The Leeds-based real estate firm, led by entrepreneur Kevin McCabe, is to invest Chinese capital in the UK real estate market via a joint venture formed with Hong Kong-based Wyndham Advisors.