Sector Investment 3 Days

Last updated: June 25, 2026, 8:30 AM ET

Real Estate Investment & Strategy

Prologis launched a $16.6 billion hostile takeover bid for UK real estate investment trust Segro, following an unequivocal rejection of its initial offer by Segro's board. The US logistics giant is now appealing directly to Segro's shareholders, signaling an aggressive pursuit of its rival. In a separate development reflecting shifts within the sector, the head of Schroders' Asia real estate division will step down in September 2025, less than a year after joining, and will remain in an advisory capacity for several months during the transition. Meanwhile, the Dutch investor Bouwinvest is proposing a reciprocal tax framework for the first time, an initiative its CEO described as unprecedented and designed to stimulate cross-border pension investment. The California Public Employees' Retirement System (CalPERS) is reportedly considering an increased allocation to niche real estate strategies, while simultaneously reducing its exposure to public REITs, as the LA Fire and Police Pension System urged its managers to maximize returns in the current market cycle. Real estate firms among the largest non-bank lenders in the UK are cooperating with the Bank of England on a significant stress-testing exercise, lending their expertise to the central bank's assessment of private market resilience. Madison International, a real estate secondaries manager, has appointed two senior executives as future leaders following a multi-year succession plan, alongside three departures from the firm. South Korean investment bank KB Securities has signaled openness to new partnerships with global general partners and limited partners across various investment structures. Separately, Canadian pension fund PSP reported a $1.5 billion real estate loss in fiscal year 2026, attributing the portfolio's -7.3% return to residential oversupply and immigration policies, and indicating a strategic shift towards infrastructure investments.

Infrastructure Funding & Opportunities

Conifer Infrastructure's inaugural fund closed at its hard-cap of $900 million, with plans to achieve a net internal rate of return of 25%. The fund has already allocated approximately $190 million across platforms focused on hydroelectric, biogas, and helium projects. Allianz Global Investors is increasingly focusing on infrastructure secondaries, with co-heads Maria Aguilar-Wittmann and Tillman Mueller identifying "a lot of attractive opportunities" in that market. The Japan Science and Technology Agency has begun investing in infra secondaries, signaling growing institutional interest in this segment of the market. Seraya has reached the halfway point for its second infrastructure fund, aiming for $1.5 billion. The European Bank for Reconstruction and Development (EBRD) is exploring infrastructure as a new frontier for nature-based finance solutions. The German utility Uniper is seen as a "phoenix moment" for infrastructure funds, suggesting a potential turnaround and investment opportunity. I Squared Capital is reportedly developing its Asia-Pacific platform, while Ares has appointed a new head for its infrastructure debt division