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The firm has invested $150m, which is higher than its previous GP co-invests, in Invesco Real Estate US Fund VI.
With a goal to replicate its platforms in the US and Europe, the firm seeks to raise more than $200m for its first Asia vehicle.
James Jacobs, head of real estate for Lazard’s private capital advisory group, says the easing of restrictions on both sides of the Atlantic is changing institutions’ appetite for risk.
San Francisco-based Rubicon Point Partners closed on $230m for the value-add vehicle, which targets the US office sector.
The Copenhagen-based manager has tied up deals in the country’s logistics and residential sectors, which represent its first outlays outside of the Nordics.
The oversubscribed vehicle attracted commitments from institutional investors and high-net-worth individuals alike betting on a hospitality comeback.
With a total of five retail assets in the country, the Macquarie-managed portfolio has been in the market since the beginning of last year.
The strategy can reduce void periods via faster leases, while occupiers can benefit from greater levels of service and flexibility.
Microsoft
Real estate managers explain why a tenant-focused approach to managing properties is crucial to enhancing value in these difficult times.
Is now the time for private real estate investors to generate returns in retail property and, if so, how should they go about it?
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