Europe

Our top five takeaways from PERE Japan and Korea, where $1.3trn GPIF and $665bn NPS were among the big names sharing their priorities.

Structural issues keep selected sectors in the UK on the menu despite the country’s current economic situation and the policies of its new prime minister, says Charles Baigler, head of acquisitions, private equity real estate at Pictet Group.

The economic course under prime minister Liz Truss is uncertain at a time of already significant headwinds.

The asset management giant’s real assets business has promoted Thomas Mueller-Borja to global chief investment officer to oversee a weekly investment committee aimed at consolidating best investment approaches across the US, Europe and Asia.

Fiscal policy introduced following Liz Truss’s appointment as prime minister this week has private real estate managers adding to already cautious attitudes towards deployment in the country.

In July, the Clothworkers’ Company exchanged contracts with AXA IM Alts for a long leasehold of the 1.2-acre site to make room for its newest building – a 650,000-square-foot office fit for the 21st century.

The Paris-based private equity firm’s investment in Pointe Amont de l’Île Seguin exemplifies a shift in strategy for its European fund series away from predominantly offices to more exposure to mixed-used properties.

Private real estate is overlooking long-term opportunities amid near-term concerns, warned speakers at last week’s PERE Global Passport event.

With rates rising and yields at all-time lows, there are signs some lenders’ enthusiasm for financing logistics properties is cooling.

Participants in PERE’s Workplace roundtable seek to clear the fog of uncertainty surrounding post-pandemic working practices and the future of the office.