Prologis

The firm has also hired Guy Jaquier former Prologis CEO

TPG has further demonstrated its real estate ambitions with the $505m purchase of US real estate assets from global logistics giant ProLogis. The Dallas-based private equity titan has been steadily increasing its exposure to the sector.

The Singapore government’s real estate investment firm has renamed ProLogis Asian Operations as Global Logistic Properties after buying out the majority of ProLogis’s investments for $1.3bn.

GLP will seek to capitalise on its sector insight to invest in emerging technologies.

View the latest capital raises

The Zug, Switzerland-based private markets investment manager plans to relocate a number of top executives from its existing US offices to a new regional headquarters.

New Jersey’s $350m commitment represents the first major investment by a US pension plan in TPG’s growing real estate business.

The Blackstone Group has closed its latest global real estate fund, which is the largest real estate opportunity vehicle ever raised. About 35% of the commingled vehicle already is invested.

Avi Banyasz, a 13-year veteran of real estate investment firm Westbrook, will help the private equity giant push further into the real estate asset class.

Despite some fears that transactions in 2011 will be “tougher” to find than 2010, Blackstone expects deal flow to increase in the coming 12 months as banks earn their way to health and start dealing with their balance sheets.

Lagging valuations from private equity and real estate holdings have caused GIC's alternatives exposure to drop five percentage points.