LATEST PROPERTY FUNDS NEWS
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.
Urban Splash secures £20m from Barclays
The Urban Splash Residential Fund (USR) has a secured a £20m debt facility with Barclays to support the expansion of its rental portfolio.
First Property Group launches new loan platform
Property fund manager and investor First Property Group has launched a senior loan platform to finance and refinance commercial property.