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The fledgling private equity real estate company has closed Benson Elliot Real Estate Partners II on €335m.
The distressed loan specialist and real estate investor is buying a portfolio of German properties as Europe’s largest economy continues to recover.
The Morristown, New Jersey-based opportunistic investor expects the fund, which has $600 million in buying power, to be fully invested within the next year.
GI Partners, a trans-Atlantic private equity firm, has raised $1.45bn from investors including CalPERS, ATP and Abu Dhabi Investment Authority.
The infusion will fund completion of Mills Corp’s troubled Xanadu entertainment and shopping complex, which is now expected to cost $2 billion, two-thirds higher than the original projection.
The British private equity real estate firm is offloading the rights to develop a shopping center in Sweden’s capital as it continues its sales spree.
The US investor is buying an office above London’s busy Fenchurch Street station as it reaches the half way investment mark for a European fund.
The UK government’s investment arm dedicated to emerging markets has placed $100m into a vehicle focused on property in African—its first commitment to a fund focused solely on property.
The US private equity real estate firm is likely to approach the UK leisure group as it continues its focus on the European hospitality markets.
In the latest acquisition of a large office REIT, the real estate investment arm of the New York-based financial services giant has acquired Glenborough Realty Trust.

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