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2 days ago | 
realassets.ipe.com | Lauren Mills
Oxford Economics has revised down its outlook for European commercial property following the introduction of trade tariffs by the US government.
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2 weeks ago | 
realassets.ipe.com | Lauren Mills
Schroders Capital’s real estate team, acting on behalf of Greater Manchester Pension Fund (GMPF), has acquired a 59-bed care home in south-west London for £14.2m (€16.6m).
This latest deal is the fifth acquisition for GMPF over the past 12 months, with investments totalling £130m, generating an average yield of more than 6% based on the gross acquisition prices.
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2 weeks ago | 
ipe.com | Lauren Mills
UK-based Clara-Pensions superfund is poised to launch a new private markets investment vehicle.
Expected to be registered shortly, the Clara Private Markets Vehicle has been created in conjunction with Van Lanschot Kempen Group which will manage the fund.
It will invest across a range of private markets, focusing initially on private credit. Longer term, the vehicle will also consider other assets such as infrastructure debt and real estate debt.
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3 weeks ago | 
realassets.ipe.com | Lauren Mills
AIP Management (AIP), founded by Danish pension provider PKA, is to invest an undisclosed sum in Silicon Ranch, an independent power producer (IPP) in the US.
AIP said the transaction reflects its confidence in the resilience of US clean energy and the strong fundamentals supporting large-scale renewables in the US.
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3 weeks ago | 
realassets.ipe.com | Lauren Mills
Barings has secured a £91m (€109.3m) debt facility from Homes England, Greater Manchester Pension Fund (GMPF) and West Yorkshire Pension Fund (WYPF) to forward fund a UK residential development scheme.
The investment manager has secured the four-year loan, in addition to a £5.7m grant from the West Yorkshire Combined Authority’s brownfield housing fund, for the Kirkstall Road residential scheme in Leeds.
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4 weeks ago | 
realassets.ipe.com | Lauren Mills
Schroders Greencoat has acquired a 49% stake in a €580m portfolio of eight wind farms and two solar plants in Spain from Repsol.
The portfolio includes eight wind farms, totaling 300MW, in the northern Spanish provinces of Huesca, Zaragoza, and Teruel. The agreement also includes two solar plants, totaling 100MW in the province of Palencia. All the assets are expected to be operational during the first half of 2025.
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4 weeks ago | 
realassets.ipe.com | Lauren Mills
Legal & General (L&G) has formed a new partnership with Japanese developer Nomura Real Estate Development to deliver more than 1,000 build-to-rent (BTR) homes in the UK.
While finanicial details were not disclosed, IPE Real Assets understands that the majority of the funding for the joint venture will come from Nomura Real Estate, with the remainder from L&G.
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1 month ago | 
ipe.com | Lauren Mills
A lack of robust benchmarks, particularly for returns and volatility, is a “key challenge” for investors seeking to incorporate private markets investments into strategic asset allocation models, according to new research from bfinance.
As liquidity dynamics evolve and market structures shift, the report suggests that investors “must rethink private asset modelling and allocation strategies”.
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1 month ago | 
realassets.ipe.com | Lauren Mills
Octopus Energy’s generation arm has expanded its green energy operations in France, by striking four deals in solar and wind energy to power 150,000 homes.
To speed up its French solar presence, Octopus has expanded FFNEV – a renewables developer it backs in Spain, Portugal and Romania – into France, on behalf of the Octopus Energy Development Partnership (OEDP).
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1 month ago | 
ipe.com | Lauren Mills
The Financial Conduct Authority (FCA) has identified multiple valuation challenges in its review of private market valuation practices, published today.
The FCA said some asset managers it surveyed discussed the challenge of identifying comparable companies or assets, particularly when a portfolio company “has unique attributes”. In these cases, the FCA noted, “firms might weight multiple comparable sets representing different sectors or use a small number of directly comparable assets”.
