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LATEST PROPERTY FUNDS NEWS
LondonMetric sells industrial portfolio to Hines for £40.5m
LondonMetric Property has sold a portfolio of four multi-let industrial estates to Hines for £40.5m, marking its exit from operational multi-let industrial assets.
AEW UK Impact Fund launches with £100m seed portfolio
AEW has launched it first place-based impact investing strategy with a £100m seed portfolio.
Blackstone breaks through £1trn AUM barrier
Blackstone has become the first alternative fund manager to pass through the $1trn (£772bn) assets under management (AUM) barrier and said it still has “vast opportunity for further expansion”.
Goldman Sachs reports real estate write-downs
Banking giant Goldman Sachs has reported a $485m (£375m) impairment due to writedowns of its real estate investments, according to the group’s second-quarter earnings.
LendInvest posts sharp rise in managed funds but profit stalls
Mortgage platform LendInvest has increased its funds under management (FuM) by 23% in the year to the end of March, from £2.9bn to £3.6bn.
Hines set to exceed €1.5bn target for latest fund
Global real estate investment group Hines has raised an additional €305m (£262m) of equity from institutional investors for the Hines European Value Fund 3 (HEVF 3).
Urban Partners secures €136m first close for fourth Velo Capital fund
Urban Partners has raised €136m (£117m) in the first closing of a Northern European fund for its alternative credit adviser Velo Capital.
