Managers look to meet investor interest in debt, core logistics and funds to tackle the renovation, development or energy optimisation of offices or residential.
Four of the seven managers raising capital are from Germany, including LIP Invest and Primus Valor which are garnering capital for the latest iterations in successful series of products.
German managers Aukera and Prime Capital are both raising commitments for making loans.
Amundi announced a real estate net zero strategy for its next round of investing, mainly in pan-European offices, while Landsec set out how the £20 mln (€22 mln) Landsec Futures fund would deliver ‘£200 mln worth of social value by 2030’. It plans education bursaries, paid work experience and grants to charities with social challenges in areas where the UK REIT invests.
There are two large loans among the eight recently completed which we track this week: Carrefour-backed French propco Carmila raised €276 mln from a club of French banks; and three investment banks provided €300 mln to Blackstone for one of its recent logistics portfolio acquisitions.
The recently completed deals are all mid-sized this week: no Asian blockbusters, instead big investors like Brookfield, M&G Real Estate, EQT, AEW, Savills IM and Pontegadea all picking off individual properties from across market sectors at prices below levels seen 12-18 months previously.
We also track the latest assets on the market.
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