US private equity group Westbrook Partners is letting cash-strapped investors reduce forward commitments by 10%, according to an article in the Wall Street Journal. The paper reported that the group is making the offer to investors in its eighth fund, Westbrook Real Estate Fund 8, which closed in 2008 with commitments of $2.5 bn from pension funds and other institutions.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
