Friday Letter

In the face of increasing headwinds, some Expo Real 2026 attendees remained upbeat. For others, harsh truths are sinking in.

PERE’s flagship Global Investor 100 ranking has swelled to a record high in aggregate allocations, but its growth was unsupported by any meaningful increase in activity.

One investor’s search for closed-end, diversified funds in the region offering core-plus returns highlights a gap in the market.

Delegates at this week’s PERE Europe Forum spoke about offsetting higher volatility with briefer holds.

Clarion Partners will fold Stoneshield into its European business, but it has compelling reasons to keep the platform distinct.

Analysis of PERE’s first Core 100 manager ranking demonstrates how an asset specificity now matters less than the resilience of its performance.

As mounting opposition to data centers meets rising anxiety over AI, private real estate’s hottest sector faces more than just a regulatory problem.

The investment bank is entering a playing field with multiple formidable competitors – and where scaling via M&A is not a given.

Firms like London-based L+R Group are seeking to incorporate institutional capital to reach global scale.

The arrival of the US manager’s tried-and-tested net lease strategy in the region has been met with emphatic support from investors.