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Asia-Pacific real estate funds recorded the biggest year-on-year growth in terms of total capital raised in the first half of 2020.
The UK-based asset manager is bullish on the market despite the fact the city has seen ongoing social unrest since June 2019.
The seventh in the value-add, pan-European fund series, inherited in the manager’s 2017 purchase of peer Rockspring Property Investment Managers, has attracted €750m, 50% more than originally targeted.
The US real estate manager aims to invest the vehicle’s capital in distressed opportunities over the next three years.
The firm also raised an additional $516m in co-investment capital, more than half of which went to five pre-specified projects.
The asset manager’s recently structured real estate team will seek to take advantage of opportunities arising from the covid-19 crisis.
Global markets
Launched by ANREV, INREV and NCREIF last month, the tool is intended to establish global performance standards and boost investor confidence.
Sculptor
The pandemic has led the world’s largest asset manager to rethink its allocation plan for Europe Property Fund V, which just closed on €1.5bn.
The Boston-based industrial specialist will take its value-add approach to new markets in Europe and Asia-Pacific with Cabot Value Fund VI.
The chief executive of the Maryland-based manager expects a plethora of off-market opportunities to arise from pandemic-related distress.
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