Funds
Prologis sells €242m logistics portfolio to Blackstone
Assets sold on case-by-case basis as part of deleveraging process
KanAm to convert fund after three-month freeze
Insufficient liquidity to meet single large redemption
Hermes offloads logistics fund to insurer-backed Segro joint venture
Segro and private equity manager Moorfield agree to pay £315m for UK Logistics Fund.
Internos to sell Invista assets – but timing 'not yet conducive'
Market uncertainty likely to stall execution of mandate to offload 41 remaining assets.
Real estate deal roundup
USS, Knight Frank, Axa, Standard Life, Rockspring, JLL, Atrium, Warburg-Henderson, Union
CalPERS makes $700m profit on closure of first GI Partners fund
Californian pension scheme also confirms Pension Consulting Alliance as real estate consultant.
Reluctant real estate investors demand control over funds – survey
Nabarro Fund Trends survey shows 62% of investors favour direct ownership.
Canada Pension Plan injects more capital into Chinese logistics JV
Partnership with Australia-based Goodman Group has now invested $500m in venture.
Investors willing to accept 'aligned' FoF performance fees
INREV survey finds closed-end fund-of-funds have highest fees, while core funds prefer NAV fees.
UK residential sector to follow UNITE model – Grainger
Fund manager predicts rented residential to claim 30% of London market within five years.
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