Managers

Majority-owner Sun Life has decided the manager will focus on its bigger Infrastructure business. To that end, InfraRed’s European real estate platform is expected to be sold, while its Asia platform will be merged with Sun Life’s main private real estate business, Bentall GreenOak.

Experts from Bouwinvest Real Estate Investors, Clarion Partners, Deutsche Finance International and Nuveen Real Estate discuss the radical changes underway in the once-predictable office sector at PERE’s workplace roundtable.

Apollo and VICI Properties’ $6.25bn purchase comes from a distressed situation but the asset itself was by no means sold at distressed pricing.

Funds targeting the sector are seeking nearly 50% more capital than they did a year ago, even though sales fell in 2020 from the previous year.

The partnership marks the Canadian firm’s second logistics investment in the country since setting foot in the market in 2019.

The German investor has committed $300m to a ‘first of its kind’ joint venture targeting purpose-built rental communities in the US.

The use of these facilities is expected to grow and, while most investors accept their use, a significant cohort have concerns.

Although starting from a relatively low base, more investors now see ESG as a priority. Awareness on diversity issues has a long way to go, though.

The new hire will help to lead investments in Europe while the New York-based private markets firm also plans to step up deployment in Asia.

The Hong Kong-based real estate firm is understood to have raised half of the target for Gaw Growth Equity Fund I, which was launched last year.