Building and project consultancy Paragon has launched a green investment service to help funds set and attain specific environmental targets.
Launches & Fundraising
Lincolnshire Co-op’s GBP70m redevelopment of The Cornhill Quarter has attracted three major fashion retailers, Phase 8, Whistles and Hobbs, to its mixed used scheme in the centre of Lincoln.
TD Asset Management (TDAM) has launched its latest alternative investment solution, the TD Greystone Global Real Estate Fund.
Boutique real estate investment firm Optimum Asset Management, has launched its fourth German real estate fund.
Proptech VC, Pi Labs, has held the first close of its third Fund (Fund 3) at USD23 million. The fund which is expects to be fully raised by the end of 2020, is targeting USD75 million.
Digital wealth manager, Syfe, has launched the REIT+ portfolio, a first-of-its-kind initiative that allows anyone in Singapore to start risk-managed investing in Singapore real estate with no minimum investment.
PATRIZIA has secured a further EUR384 million of equity commitments for its flagship discretionary value add fund, TransEuropean VII LP (TEP VII), which, combined with the EUR250 million previously announced, brings the total raised to date to EUR634 million.
Sares Regis has held the final close of the Sares Regis Multifamily Value-Add Fund III raising over USD328 million in total equity commitments. Utilising leverage, the Fund will seek to acquire approximately USD1 billion of assets in its target markets.
BMO Real Estate Partners (BMO REP), a pan-European property investment and asset management specialist that is part of Canada’s BMO Financial Group’s GBP216 billion Global Asset Management business, has held the first close for its newly developed UK housing strategy.
Asset and property manager GPEP has teamed with Hamburg-based HansaInvest Hanseatische Investment to launch an institutional fund for discount stores, supermarkets, retail centres and retail parks.