TH Real Estate has raised $550m in a first close for its ERES APAC II: China Outlet Mall Fund.
With 16 years’ of experience in the real estate industry, Austin is responsible for corporate strategy, M&A and the development of all new funds, joint ventures and segregated accounts.
TH Real Estate has closed the sale of 685 Third Avenue, a 651,492 sq ft (c.60,526 sq m), office building with ground level retail in Midtown Manhattan, New York.
After raising $245m equity from investors, including three large US state pension plans, that are repeat investors and a German pension fund, TH Real Estate has closed its seventh in a series of multifamily housing club funds.
TH Real Estate has acquired two South Florida Industrial properties in Broward county; Pointe West in Davie and Westpoint in Tamarac. The assets were acquired from Principal Global Investors for $54m.
As we look forward to 2018, there’s an illusion of calm in financial markets. But this doesn’t mean that nothing is going on. In fact, opposing forces are simply cancelling each other out.
The global economy, with the exception of the UK, is going through a period of rare synchronised expansion. Corporate profits are rising, trade is expanding, and growth is robust in the US, Europe and beyond. Asia is benefiting from this global phenomenon and a continued uplift in China.
On the heels of two good years in the bond market, the best days for fixed income are likely behind us. 2016 produced strong returns in most sectors, especially high yield corporate bonds, which generated double digit gains.
As 2018 starts, the scene is set for a positive year for equities. Across Europe, there are clear indicators of continuing economic growth after a very strong 2017.
US equities have outperformed global equities since the beginning of the recovery because the US economy was initially the sole engine of global growth, as European countries wrestled with the Eurozone crisis.
IPE Quest is a manager search facility that connects institutional investors and asset managers.
Asset class: Real Estate.
Asset region: The client will consider: Europe ex. UK, Europe incl. UK and UK Only Funds.
Size: EUR 60 - 100 million per investment.
Closing date: 2018-01-31.