Managers

In bidding on an Australian logistics portfolio, the partners faced fewer competitors in the market as smaller players were unable to close deals quickly.

Three UK managers and a lawyer agree reaching accords with tenants and lenders alike will be critical as the coronavirus crisis ravages property markets.

The sector giant invested £264m in the London-based REIT after its shares fell in a deal which extended a strategy of taking positions in discounted listed property businesses.

Outraising its closest competition by $36bn in this year’s PERE 100, the sector’s heavyweight champion continues its dominance of the private real estate sector.

New York, London and Hong Kong have been thriving hubs and corporate headquarters for the real estate industry for decades. But they might not have the same appeal in the future.

Partnering with execs to build a new company from scratch is not KKR’s typical playbook, but the approach made sense when it came to investing in the data center category.

Growing pressure on Europe’s banks due to the pandemic could hinder their ability to continue lending into commercial real estate at pre-virus levels.

The private equity giant’s chairman said the firm has sold nearly all of its New York office holdings but maintains properties on the West Coast where sector demand is growing.

‘The extra distribution capacity is key to our growth plans,’ says chairman Richard Croft of the benefits of selling a 6% stake in the manager to Hong Kong finance house TTB Partners.

Consistency in strategy and performance has led to strong investor support for the Chicago-based manager born after the global financial crisis.