Europe

The London-based residential manager has hired its first head of Europe as it looks to scale its platform on the continent.

Retail parks and other convenience retail formats offer resilient income that can grow with strong, disciplined execution, say Redevco’s Hannah Evans, Deborah Green and Israel Casanova Lafuente.

A growing cohort of institutional investors are turning to real estate secondaries as global buyers look for exposure to in-demand asset classes.

Recapitalizations are emerging as a way to bridge Europe’s funding gap, combining capital discipline with operating expertise to enable platforms to institutionalize and grow, say Schroders Capital’s Kieran Farrelly and James MacNamara.

Real estate secondaries has come of age in a higher-rate world, but investors need to do more than price illiquidity to gain an edge, say Henrik Orrbeck and Stefan Lempen at Partners Group.

The new entrants have closed some of the largest private real estate funds this year, but can they serve two disparate investor groups?

The strategy has moved beyond its opportunistic roots to become a key portfolio management tool, say CBRE IM’s Achal Gandhi, Kilian Toms and Chris Dickson.

With the manager’s real estate arm set to be acquired by Bridgepoint in a $1.4bn deal, CEO Al Rabil says investors’ changing allocation habits are driving a need to scale.

The manager has pulled in €400m for its oversubscribed opportunity fund focused on Greek and Italian markets.

The firm has a $3bn target and more rigid sector allocations for Realty Value Fund XII, the first launch in the global series since Angelo Gordon’s acquisition by TPG in 2023.