L&G has acquired a 75% stake in Proprium Capital Partners, a global real estate private equity firm with $3.5 billion (€2.6 billion) in assets under management (AUM).
Financial details were not disclosed, but L&G said, as part of the acquisition, it would commit up to $300m of capital to support Proprium’s future fund strategies.
Founded in 2013, Proprium is a spin-out of Morgan Stanley’s real estate special situations team. Proprium is active across residential, student accommodation, hospitality, and logistics sectors, with past investments including stakes in Motel One.
Source: IPE Real Assets on 20 May 2025
https://realassets.ipe.com/news/landg-buys-75-stake-in-real-estate-investor-proprium/10130618.article