Deals

MSCI: Using probability as a proxy for market liquidity

A market’s depth, breadth and historical trading reveal how quickly it may recover from today’s property crisis, says Tom Leahy, MSCI’s head of EMEA real assets research.

London’s BT Tower to swap telecoms for tourism

US hotel owner-operator MCR Hotels has agreed to purchase the telecommunications tower from BT Group for a reported £275m.

Blackstone sells prime office building in Seoul via core-plus funds

The firm started its sale process in August 2023 and received interest from five domestic investors and a foreign investor.

EQT Exeter makes first investment for private REIT

The acquisition comes eight months after the launch of the vehicle, which has a $5bn target, in August 2023.

ESR’s ARA Private Funds sale has three carve-outs

Although the firm will continue to own other parts of ARA Asset Management, the APF sale itself includes notable exclusions.

Selling the legacy of Hollywood’s Golden Age

Henderson Park has purchased the Arizona Biltmore Hotel, former haunt of Marilyn Monroe and Frank Sinatra, from Blackstone for $705m.

Blackstone is ready to talk about its Embassy REIT exit

With support from some of India’s biggest domestic investors, the exit from Embassy REIT generated a 3x to 3.5x return for Blackstone.

Deep Dive: Why 2024 looks bright for the sector-specialists

While the largest diversified funds still rule the pack, capital is increasingly flowing to vehicles with a singular investment focus.

VIDEO: QIA’s Chamdia sees higher rates as an ‘opportunity’

At the PERE Network Asia Summit, the sovereign fund’s global head of real estate said elevated rates had made the sector less competitive.

US commercial real estate concerns hitting German lenders

German lenders including Deutsche Pfandbriefbank are seeing their share prices impacted by US commercial real estate exposure.