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Chinese duo to create $4.5bn logistics powerhouse

Chinese pair Suning Commerce Group and Shenzhen Capital Group are aiming to create a RMB 30 billion ($4.5 billion; €3.8 billion) logistics platform after pairing up to acquire retail giant Suning’s mature warehouse facilities and other high-standard logistics properties. The pair announced that they have set up a vehicle which will initially raise RMB 5 […]

CalSTRS forms new US housing JV – Exclusive

The $215.3bn pension system is seeking to increase its national exposure to the residential sector through its new partnership with GTIS.

Gaw holds $250m first close for US fund

The Hong Kong-based firm launched the vehicle in the second quarter with a $350m target.

Brookfield closes BREF V at hard-cap – Exclusive

The Toronto-based alternative asset manager’s vehicle is on track to be the largest real estate debt fund to close this year.

Basis in $180m initial close for debut RE fund – Exclusive

The New York-based woman- and minority-owned private equity real estate firm has received the backing of several major US pension funds.

BlackRock calls time on fundraising for Asia Fund IV at $500m – Exclusive

The US asset manager has closed its first Asia higher-returning real estate fund since it took over MGPA in late 2013 at a just over $500m.

KKR targets SMAs to safeguard future fundraising

The firm is seeking to increase the number of multi-decade strategic partnerships to assist future fundraising cycles across asset classes.

Blackstone starts Q4 with $38.4bn in RE dry powder

The firm spent the third quarter investing largely outside of the US, including two major purchases in Europe.

Apollo’s Trophy Property work rewarded with re-ups

The turnaround carried out by the New York private equity giant’s Asia real estate team on a Chinese property fund has been vindicated with a trio of re-ups.

Q3 fundraising in five charts

Fundraising for private, closed-end real estate funds in the third quarter dropped to its lowest level since 2009. PERE examines the period’s capital raising activity through (all currencies are USD).