Global real estate manager Starlight Investments has secured £680 million in total capital commitments for its Starlight UK BTR Fund II and related investment vehicles. The capital will finance the acquisition and construction of more than 6,000 build-to-rent homes across the UK. Backed by international institutional investors and Homes England's National Housing Bank, the vehicle has already deployed funds into three major housing schemes.
Private equity real estate firm Longpoint Partners has bought a 10-building industrial portfolio across Miami-Dade County for $195 million. The deal adds 729,901 square feet of functional, small-bay industrial space in supply-constrained infill locations. Currently 90% occupied by 74 tenants, the portfolio was acquired at roughly $267 per square foot, strengthening the Boston-based firm’s long-standing presence and operational platform in South Florida.
Blackstone has acquired a majority stake in Sanha Logistics Park II, a 334,000 square metre dry storage development in South Korea's Seoul Metropolitan Area, through a primary share issuance. ESR will remain an investor and continue managing development and asset operations via ESR Kendall Square. Scheduled for completion in 2028, the strategic project along the Gyeongbu Expressway marks Blackstone's third logistics investment in the country.
Erieview Tower’s residential and hotel redevelopment in downtown Cleveland has secured approximately $217.6 million in financing. Advised by Brown Gibbons Lang & Company, developer ErieView Development assembled a complex funding package, including $93.4 million in C-PACE financing alongside historic tax credits and senior debt. Scheduled to open in 2027, the 40-story landmark will host Ohio’s first W Hotel and 215 rental apartments under the W brand.
Knowledge Economic City, Kaden and Capital Hill have signed a framework agreement to launch a private closed-ended real estate fund valued at over SAR 2.5 billion. The fund will finance a mixed-use project in Madinah, adding over 1,500 residential units and 30,000 square metres of leasable space. The initiative aims to meet rising demand driven by religious tourism and Saudi Vision 2030 targets.
Royal London has appointed Group Chief Financial Officer Daniel Cazeaux as interim CEO of Royal London Asset Management. He steps into the role following the departure of Hans Georgeson, who has stepped down after five years in charge. Royal London Group Chief Executive Officer Barry O’Dwyer will launch a recruitment process to select a permanent successor while Cazeaux provides operational continuity across the firm's management boards.
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