Global investment firm EQT has agreed to acquire Stockbridge, a U.S. real estate investment manager with USD 16.5 billion in fee-generating assets under management. The transaction features a USD 375 million upfront cash consideration, with up to USD 175 million in earnouts. The acquisition expands EQT Real Estate's global footprint across industrial sub-sectors, open-ended core funds and alternative residential markets including manufactured housing.
Abu Dhabi developer Aldar has entered the Sharjah real estate market through an AED 1.1 billion transaction with Arada. The forward purchase agreement covers three residential blocks containing over 1,100 units across nine buildings in the Aljada master development. Scheduled for delivery in late 2029, the deal expands Aldar’s develop-to-hold investment pipeline to AED 21 billion and deepens its strategic partnership with Arada.
Landsec has completed the acquisition of an additional 10% stake in Kent's Bluewater shopping centre for £95m. The transaction increases the property group's total holding in the retail hub to 74%. Generating a 7.4% yield based on existing net rental income, the purchase enhances Landsec's operational flexibility while building on recent sales and footfall growth that exceeded UK national averages.
Parkway Life REIT is expanding its European footprint by acquiring three nursing homes in southern France for €38.8 million (S$56.5 million). The transaction with senior care provider DomusVi involves a sale-and-leaseback model with 12-year lease terms. Fully funded by debt, the deal increases the trust's French portfolio to 14 properties valued at S$234.3 million, strengthening its strategic presence in the French healthcare sector.
European industrial real estate giant CTP has unveiled CTPark Castel San Giovanni, its first branded logistics park in Italy. Spanning nearly 200,000 square metres in Piacenza, the scheme marks a key phase in CTP’s five-year, €1 billion Italian expansion plan. The milestone follows the completion of a 52,000 square metre build-to-suit facility for an international logistics client.
Pan-European real estate lender Maslow Capital has issued a development facility exceeding €40 million to Tikehau Capital and Dunman Capital. The funding supports the acquisition and conversion of a vacant hotel on Wielandstraße 8 in Berlin-Charlottenburg into roughly 250 serviced apartments. The expansion project will double the property's gross floor area to 7,300 square metres, featuring fitness, dining and communal facilities.
