International

The $3-billion deal for Pure Industrial Real Estate Trust will give Blackstone another 22 million-plus square feet of logistics space in both Canada and the US.

The two companies have formed a partnership for additional investments in student housing markets across Europe.

“Fundraising levels are still high—this is the fifth consecutive year in which funds have raised more than $100 billion—but we are not seeing a surge of activity,” says Oliver Senchal at Preqin.

The $4.6-billion agreement occurs some nine months after billions in cost overruns on nuclear construction projects pushed Westinghouse to file for Chapter 11 protection.

The European owner/developer's logistics portfolio will be incorporated into GLP's fund management platform, which now stands at US$43 billion.

More than half of Rockspring Property Investment Managers' US$9.3 billion in funds under management is in European retail.

For high-net-worth investors, the currency-exchange rates overseas may make luxury purchases in some non-US markets a smart move, XE's Mike Diaz tells GlobeSt.com.

The combination of Unibail-Rodamco and Westfield Corp. will create a retail group with US$72.2 billion of gross market value.