Real estate funds of funds in Europe are getting increasingly popular, with an estimated €12 billion of target equity. As new data from INREV shows, these funds are becoming important components of the private equity real estate market.Â
A small council in Scotland has voted to send the Donald packing, rejecting a planned £1bn golf resort on the Scottish coast.
The Dutch firm has launched a second fund with a target of $400m.
The private equity real estate arm of Knight Frank is seeking $300m of equity to seed the fund, which has a target size of $1bn.
The private equity real estate division of Blackstone has yet to reach a final close, but its commitments to date mean the New York alternatives giant now controls the largest funds in both private equity and private equity real estate.
The Goodman Group has become an even bigger force in Europe with the bolt-on of a pan-European industrial fund.
The world’s largest privately owned real estate services firm has hired Nigel Pedroz from HSBC bank to focus specifically on indirect real estate advisory work.
Pramerica Real Estate Investors says it has formed a joint venture investment partnership with Big Yellow Group to develop and operate self-storage units throughout the Midlands, Northern England and Scotland.
The Irish firm is planning a large-scale development at Central Europe’s largest lake in joint venture with a local operator.
Drago Real Estate Partners, Sun Capital and Pearl Group, a Sun Capital-backed insurance business, have teamed up to acquire the network of 1,152 properties.
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