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AustralianSuper enters UK commercial real estate debt market

AustralianSuper through its partnership with TH Real Estate has made its first UK commercial real estate debt investment by jointly financing a £280m (€314.7m) Central London mixed-use scheme.

The AUD140bn (€86.17bn) Australian pension fund said it has committed £230m to finance the One Crown Place project being developed by Malaysian conglomerate MTD Group. TH Real Estate’s recently launched Global Real Estate Debt Partners - Fund II (UK) (GREDP Fund II) is participating with a £50m commitment.

CPPIB elevates head of private debt to lead credit team at large

The Canada Pension Plan Investment Board is getting a new head of head of credit investments to oversee real estate debt and other strategies, just one appointment among a suite of leadership changes and appointments the retirement plan behemoth has made this year. The Toronto-based pension has named John Graham senior managing director to lead the credit investments team, which includes private real estate debt, principal credit investments and a new public credit investment team. Graham was previously a managing director and global head of principal credit investments.

Octopus Property's second real estate debt fund hits fundraising target

Specialist UK property lender Octopus Property has raised £230 million (€266 million) for its real estate debt fund. Commercial Real Estate Debt Fund II (CREDF II) has accepted investor commitments from UK, European and Canadian pension funds and fund of funds. Launched in September 2017, CREDF II’s strategy focuses on originating short-term loans secured by first charge against UK commercial property.
IPE Real Estate – 16 April 2018
 

Partners targets real assets, PE with debut impact fund

Partners Group has joined a growing number of firms moving into impact investing with the launch of a cross-asset fund targeting private equity, real estate, debt and infrastructure, PG LIFE has a $1 billion hard-cap and will target deals in line with the United Nations Sustainable Development Goals across developed and emerging markets globally. 
The vehicle will have a 75 percent allocation to equity and up to 25 percent to debt. It will include a particular focus on education, healthcare, energy access, clean energy and social inclusion.
PERE News – 27 March 2018
 

AXA Investment Managers - Real Assets announces first direct infrastructure investment in the UK with c. GBP230 million railway acquisition

AXA Investment Managers - Real Assets (“AXA IM - Real Assets”), a global leader in real assets investment and the leading real estate portfolio and asset manager in Europe, announces that it has agreed, on behalf of its clients, to acquire 15% of Agility Trains West from John Laing for c. £230 million (c. €260 million).