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Swedish pension AP2 to double Asia-Pacific real estate allocation

Andra AP-fonden (AP2), the SKr367.4 billion ($39.1 billion; €34.6 billion) Swedish pension fund, is doubling down its Asia-Pacific real estate exposure. Over time, the pension fund will also look to do more co-investment partnership or club deals. In 2018, SKr33.48 billion or 10 percent of AP2’s portfolio – worth SKr334.8 billion at the time – was invested in real estate. Within this, five percent was committed in Asia, 30 percent in the US, 10 percent in Europe and the rest...

BrickVest launches second commercial property Employee participation fund in partnership with BEOS

BrickVest, the London-based online real estate investment platform, has launched its second Employee Participation Fund (‘EPF’) in partnership with BEOS, the German commercial property specialist, part of the Swiss Life Asset Managers family since August 2018. Belonging to the BrickVest Solutions product family, the innovative EPF is a co-investment fund that offers BEOS employees the opportunity to invest in their employer’s existing real estate deals alongside institutional investors securely through BrickVest’s pan-European platform. The fund, which boasts €5 million in...

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Niam raises largest ever Nordics focused fund

Niam, has closed on the largest Nordics-focused private real estate fund to date, amassing €1.1 billion of total equity. The Stockholm-based firm, which launched Niam Nordic VII in June 2009 with a target of €800 million, closed the fund at its hard-cap. Fund VII breaks the Nordics real estate fundraising record set by Denmark’s NREP with its Nordic strategies Fund III, according to PERE data. The fund closed on €900 million in May 2018. Source: Perenews.com on August 12 2019...

Europa holds its largest-ever first close

Europa Capital has raised three-quarters of the target for its latest pan-European value-add fund just after four months in the market. The London-based real estate fund manager has founded up nearly €500 million in equity in the first close for Europa Fund VI, which has a target of €750 million and a hard-cap of €1 billion. Source: perenews.com on 4 September 2019. Read the full article: https://www.perenews.com/europa-holds-largest-ever-first-close-exclusive/

Henderson Park, Swiss Life ink €400m Munich office deal

European private equity group Henderson Park has joined forces with Swiss Life Asset Managers to acquire the Kustermann Park office complex in Munich in a deal valued at a total of €400m. Henderson Park and Swiss Life are buying the 74,000 m2 asset from funds managed by BlackRock. Source: propertyeu.info on 10 September ( https://propertyeu.info/Nieuws/Henderson-Park-Swiss-Life-ink-400m-Munich-office-deal/c790b74f-69ed-412f-a332-73903e72938b )

Allianz Real Estate acquires 'smart' office development in Berlin from EDGE

Allianz Real Estate has acquired a new office development in Berlin from developer EDGE Technologies in a forward deal for a joint venture between several Allianz group entities and Universal-Investment, acting on behalf of a real estate fund launched for German pension fund Bayerische Versorgungskammer (BVK). Source: propertyfundsworld.com on 12 September. ( https://www.propertyfundsworld.com/2019/09/12/278645/allianz-real-estate-acquires-%E2%80%98smart%E2%80%99-office-development-berlin-edge )