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June 13, 2019

Blackstone Builds Its Next Industrial Empire, This Time On The Edge Of Town
Don't miss Amicala, Octopus Real Estate, Greystar, Brookfield and more at Multi-Generational Living 25 June

Blackstone has already built up two industrial empires. Now it is putting in place the backbone of its third.

In the U.S. it has logistics business IndCor, which it built up and sold in 2014 for $8.1B and then bought back earlier this month. In Europe it built up and sold a similar logistics business, Logicor, for €12B in 2017.

In the past few years the private equity firm has also bought about €6B of edge-of-town urban logistics assets in Europe. It has begun the process of turning that into a company it will ultimately sell.

Blackstone Builds Its Next Industrial Empire, This Time On The Edge Of Town

According to Bloomberg, Blackstone has started looking for an executive to manage this European urban logistics platform. Currently the assets are managed by fund manager M7 Real Estate, which has advised…

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Investors For And Against: Would Rent Controls Hurt The London BTR Sector?

At the beginning of the year London Mayor Sadiq Khan said he would make the introduction of rent controls a key part of his mayoral re-election campaign.

The build-to-rent sector is not a fan. The British Property Federation has been highly critical, saying potential new investors to the sector, particularly global investors, might be deterred from investing.

The situation is not black and white. Bisnow’s Build-To-Rent Annual Conference last week heard from two global investors, one of whom said rent controls would not necessarily deter them from investing, one of whom was vehemently against. Here are their views.

Martine Philibert, Senior Vice President, Ivanhoé Cambridge

Investors For And Against: Would Rent Controls Hurt The London BTR Sector?

“Two of our biggest markets are New York and San Francisco, and we like these regulated environments because you know what the rules are. As long as the rules are clear and applied with a constant basis so as an investor you have no surprises and you know what you…

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Maybe The Market Isn’t So Tough: Lone Star Ups Fund Size And Raises $3.6B
Maybe The Market Isn’t So Tough: Lone Star Ups Fund Size And Raises $3.6B  

Lone Star has raised $3.6B for a new real estate fund and is targeting a total fundraising of $4.5B, just months after saying it was only targeting $3B because the market is not looking great for opportunistic investing. In December, Lone Star did something rare…

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Savills Becomes The Latest Broker To Challenge WeWork And Launch Flexible Office Brand
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Savills has joined CBRE in launching its own flexible office brand, as real estate brokers look to muscle in on the turf of big coworking and serviced office firms.The listed…

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A Perfect Spy. What a book. There is no better writer about the ambiguity of human motivation than John le Carré. mike.phillips@bisnow.com
 
 
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