6.23.22 | This week we recognized 4 capital related transactions with a disclosed value of $5.1 Billion USD.
Additionally, we recognized 3 leadership changes within the industry:
- Riverstone Appoints Martin Earp as Chief Executive Officer
- Tishman Speyer Appoints Graham Mackie to Diversify and Grow its Asia Pacific Business
- Fiera Real Estate Appoints Charles Allen as New Head of UK
Summary of Transaction Headlines
IREI | “Crow Holdings Realty Partners X Locks in $1.7 Billion”
Crow Holdings has secured more than $1.7 Billion for its latest fund, Crow Holdings Realty Partners X, according to a filing with the SEC. Crow Holdings Realty Partners X invests in value-add and opportunistic real estate assets across the United States, primarily in industrial and multifamily as well as in specialty sector opportunities.
Commercial Property Executive | “Hines Raises $1.5 Billion for Property in Largest Canada Cities”
Hines recently revealed the formation of an investment vehicle that will target the acquisition and development of various commercial real estate assets in strategic markets across Canada. The Houston-based global real estate firm has closed on C$2 Billion, or approximately
$1.5 Billion, of capital for the pursuit of investment prospects. Hines’ new vehicle will home in on the Toronto, Vancouver, Can., Montreal and Calgary, Can., markets. In terms of property types, the strategy involves focusing on some of the strongest sectors of the commercial real estate market.
Business Money | “LDS and Assetz Join Forces to Support £1 Billion ($1.2 Billion USD) of Lending for SME Developers”
Housebuilding sales guarantee creator LDS and property lender Assetz Capital have partnered up to support a £1 Billion ($1.2 Billion USD) end-to-end finance package for SME housebuilders. The package will enable developers to obtain funding for up to 95% of project costs as well as a guarantee from LDS for the purchase of any completed and unsold homes on a site.
Deal Street Asia | “Lendlease, PGGM Form $720 Million APAC Innovation, Life Science Real Estate JV”
Lendlease has entered into an agreement with Dutch pension fund manager PGGM to create the Lendlease Innovation Limited Partnership. The $720m partnership will invest in real estate assets in the innovation and life-science space with a focus on Australia, Japan, and Singapore. PGGM will hold an 85-percent interest and Lendlease 15 percent.
CRE Herald | “Riverstone Appoints Martin Earp as Chief Executive Officer”
Goldman Sachs-backed retirement living company Riverstone has appointed Martin Earp as its Chief Executive Officer. Martin Earp takes over from Jason Leek, who has led Riverstone since 2019. Earp has spent the last 15 years growing multi-site operations and consumer-focused real estate platforms, including seven years as chief executive of Australia’s Campus Living Villages where the company developed both great facilities but also thriving vibrant communities.
Rew-Online | “Tishman Speyer Appoints Graham Mackie to Diversify and Grow its Asia Pacific Business”
Tishman Speyer CEO Rob Speyer today announced the appointment of industry veteran Graham Mackie to lead the firm’s expansion strategy across the Asia Pacific region. As a Managing Director based in Singapore, Mackie will focus on acquisition and business development opportunities outside of China and India.
CoStar | “Fiera Real Estate Appoints Charles Allen as New Head of UK”
Fiera Real Estate UK Limited (“FRE UK”) is pleased to announce the appointment of Charles Allen to the role of Head of FRE UK, effective 1st July 2022. He will be responsible for the management of FRE UK and the successful execution of its business strategy. Charles will take over from Alex Price who will be remaining at FRE UK and moving into a Vice Chairman role to support the growth of the global business, and more particularly, the firm’s expansion into continental Europe.
If you would like to learn more about the large platform events we are tracking, please reach out to David Stanford or John Seaton. If you would like to suggest a news or media outlet that should be considered, please contact us.
