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POBA re-ups with CalSTRS amid push towards more RE partnerships
A year after making its first investment via joint venture partnerships in the US, the Korean pension is on the lookout for more co-investment deals in both the US and Japan.
Cashing in on China’s limited real estate buying window
There has been a surge in foreign investments in Chinese real estate in recent months, despite macro headwinds like the trade war.
Nuveen hires CPPIB, Guggenheim execs – Exclusive
The new recruits will lead the US Cities Office Fund and US Cities Industrial Fund, which will launch in late 2019.
How Korean investors priced WeWork risk in Dublin
Korean institutional investors have decided the co-working giant’s 20-year tenancy at Dublin’s Charlemont Exchange is worth another 70bps on the city’s prime yield average.
Bespoke open-ended funds offer control over diversification
These vehicles may not be the main core offering yet, but that might change if investors feel they can best control their asset-class exposure and exit timings through them.
AEW’s LOGISTIS fund is extended again following €750m raise – Exclusive
The Boston-headquartered manager has now collected €2.3bn in total equity for its long-standing pan-European vehicle.
RBC enters private real estate with $800m fund – Exclusive
The asset management arm of the Canadian Bank has launched its first product in the sector in partnership with BCI and its subsidiary QuadReal.
Asia’s core investors face more headwinds
Declining investing volumes in Japan demonstrate a further challenge for those with aspirations to build a lower risk and return portfolio in Asia.
Nuveen Real Estate expands open-ended fund series
The global real estate firm’s first core multifamily fund builds on an existing collection of open-ended funds focused on a single property type such as logistics or retail.
Capital controls drag on China
Limited demand from international investors for core assets in the country is partly down to the difficulty in expatriating exit proceeds, writes Stuart Jackson, chief executive of China-focused real estate investment manager InfraRed NF
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