BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has successfully launched the first property fund that sets out to be compliant with the 2015 Paris Agreement, a landmark agreement that brought nations together to combat climate change and to accelerate and intensify the actions and investments needed for a sustainable low carbon future.
Launches & Fundraising
Pareto Alternative Investments (PAI) has held the first closing of the new Pareto Real Estate Credit Fund (PREC), which will target first lien commercial real estate financing opportunities across the Nordics (ex Iceland) where borrowers are incentivised to improve the sustainability profile of the property and by doing so reduce risk on the investment and promote a more sustainable environment.
MARK's urban logistics platform Crossbay secures EUR550m in equity commitments to support portfolio growth
Crossbay, the first pan-European logistics platform to focus on single-tenant distribution centres, has secured EUR550m in equity commitments from a global mix of major investors.
UAE-based Ento Capital has launched the Al Rajhi Legacy Fund, a USD50 million UK property investment fund.
KINGSTONE Investment Management launches new sustainable residential real estate fund for institutional investors
KINGSTONE Investment Management (KINGSTONE IM) has launched an open real estate AIF for institutional investors (Spezialfonds) with a target size of EUR350 and 400 million in cooperation with INTREAL as Service KVG, a regulated German fund management company.
Southernwood Capital has exceeded expectations and raised GBP3.7 million of initial equity funding for the Southernwood Investments 3 LP private rented sector fund; creating a leveraged fund of at least GBP10 million.
Global law firm Ashurst has advised on the establishment of the Vestas European Strategic Allocation Logistics Fund (VESALF I) launched by Savills Investment Management in partnership with Vestas Investment Management.
Charter Hall Group's (Charter Hall or the Group) flagship USD5.8 billion Charter Hall Prime Industrial Fund (CPIF or Fund) has closed its capital raising significantly oversubscribed, having raised USD2.6 billion since April 2020 in two separate fundraisings.
Round Hill Ventures (RHV), has held the first close of a dedicated European PropTech Fund set to invest EUR200 million in late seed, Series B high growth ventures delivering innovation across the Built Environment.
Breakthrough Properties (Breakthrough), a joint venture formed in 2019 by Tishman Speyer and Bellco Capital (Bellco), has completed the initial closings of the Breakthrough Life Science Property Fund.