Friday Letter

Partners Group’s real estate push goes up two gears with Empira deal

As well as providing a significant boost to Partners’ direct real estate business, the merger of the two Swiss firms will add real estate credit to the manager’s offering.

CapitaLand’s ambitions see M&A tactics leapfrog organic

The firm plans to dedicate significant capital toward acquisitions in key markets around the world, demonstrating it has moved on from relying principally on senior recruitment to meet its growth objectives.

Investor commitments add to confidence the market has bottomed 

Sizable fund commitments from New York and Sacramento and positive noises from New Mexico and Austin are adding to indications of green shoots for the next cycle.

These are sobering times for private real estate

The perennially optimistic industry has come to terms with some difficult truths about investing for the foreseeable future.

Trump’s victory indicates a real estate boost that stops at US borders

The US property sector got its man. International real estate investors have cause to feel trepidation.

Offices are coming out of exile

A spate of trophy deals in the last week signals institutions are warming up to the beleaguered asset class.

Hines takes customer service to the next level

In opening an office next door to Korea’s largest investor, Hines’ bold move emphasizes the importance of strategic relationship management in today’s private real estate market.

This is a major way Texas TRS shows industry leadership

By supporting lesser-known managers, the pension plan is thinking and investing differently from many of its industry peers.

Managers should get comfortable with smaller funds

Capital raisers in attendance at Expo Real in Munich this week spoke of the need to adapt fundraising strategies as capital flows remain in the doldrums.

Data center investors like CPP are playing catch up

The Canadian pension’s $15bn joint venture with Equinix represents a significant and necessary upsizing of its investments in the sector.