Deals

PGIM sees potential in Argyle House, Edinburgh’s ‘ugliest building’

PGIM Real Estate purchased the 11-story office block in late October from Kennedy Wilson for a reported £38m.

Blue Owl’s Zahr: The net lease specialist going big

On the verge of closing the firm’s first real estate mega-fund, Marc Zahr’s next challenge is deploying the capital into the still-maturing sector.

Deep Dive: How to invest like a contrarian

For seven private real estate managers, breaking away from the crowd is equal parts risk and reward.

Greystar returns to student accommodation in Spain

The manager is rebuilding its PBSA portfolio in the country more than a year after selling the RESA platform it had built up between 2017 and 2022.

PIMCO lines up $500m of exits as part of Asian rebalancing strategy

The Munich-based mega-manager is reducing its exposure to India and China to redeploy the proceeds into the region’s more developed markets.

Western investors are undeterred from rebalancing portfolios away from offices in Asia

Despite the more positive outlook for the sector at a pan-Asia level, organizations from the US and Europe are still taking opportunities to reduce their exposure to the region.

Managers look to Sweden as liquidity pressures mount

The concentration of bond financing issued by the country’s REITs makes it a target for potential acquisitions in the coming months.

Matter Real Estate gets UBS backing for core UK housing fund

The commitment from the real estate investment arm of the Swiss banking giant has been invested in portfolio company Placefirst.

Office moves in and retail moves out at 20 Hudson Yards

The former Neiman Marcus retail space, which Wells Fargo acquired for $550m, will become the sole office space in the retail property.

Invesco to rebalance exposure in its Asia core fund

The firm plans to lower the vehicle’s exposure to offices by 15-20% as it seeks to top up its allocation to multifamily and logistics.