Pro-invest Group, a global investment firm specialising in private equity real estate and real estate asset management, has held the closing of its second Australian Hospitality Opportunity Fund (Fund II) with capital commitments of AUD300 million from a diverse group of institutional investors.
Launches & Fundraising
Schroder European REIT (SERE) has completed a new five-year lease agreement for a further floor at Hammerbrookstraße 94, its Hamburg office investment.
NREP has raised EUR1.9 billion for its ‘Nordic Strategies Fund IV’ to address underserved real estate segments across the Nordics, with a main focus on various forms of customer-centric residential rental properties, care homes and modern logistics.
Fifth Wall, a venture capital firm focused on real estate technology, has partnered with BNP Paribas Real Estate to launch its business in Europe with the Fifth Wall Real Estate Technology European Fund, the firm's first European Proptech fund.
Global law firm Paul Hastings has represented The Davis Companies in the formation of Davis Investment Ventures IV, a new value-add real estate private equity fund that has secured total capital commitments of nearly USD780 million, significantly exceeding its original fundraising target of USD650 million.
EQT has held the final close of the EQT Real Estate II fund at its hard cap of EUR1 billion in fee-paying assets under management.
LaSalle Investment Management (LaSalle), a global real estate investment manager, has held the first close of the LaSalle Real Estate Debt Strategies IV (LREDS IV), the fourth fund in its flagship LaSalle Real Estate Debt Strategies series (LREDS), with €435 million of aggregate commitments.
Destination Capital, KTBST SEC and MFC parter to launch private equity trust to invest in hotels in Thailand
Destination Capital has signed an agreement with KTB Securities (Thailand) Public Company Limited (KTBST SEC) and MFC Asset Management Public Company Limited (MFC) to capitalise and launch the DESCAP 1 Private Equity Trust, which will acquire hotels in Thailand targeting investor returns of up to 15 per cent per year with a 5–7 year holding period.
Azora, a Madrid-based European private equity real estate manager, as part of its strategic plan, has become an investor in Fifth Wall’s first European Real Estate Technology Fund.
Aukera Real Estate AG (Aukera), an independent, owner-managed investment boutique based in Oberhausen, has held the first closing of its real estate debt fund with capital commitments of EUR275 million.