Europe

The UK PBSA sector’s challenges have been greatly exaggerated

Not only do the country’s top-ranking institutions remain financially healthy, but the sector will also benefit from new demand drivers, writes Jessica Hardman, CEO at Aboria Capital.

UK’s Border to Coast seeks first real asset lead amid buildout

The local government pension scheme pool, with over £50bn of committed LGPS capital, is expanding its capabilities ahead of seven more funds joining its client base.

Inside a landmark £4.7bn UK property fund merger

This week’s episode of The PERE Podcast analyses a rare merger between two open-ended property funds in the context of changing aspirations for UK pensions capital.

NBIM bets on European retail, office and resi in diversification push 

Grosvenor, Shaftesbury investments have helped to rebalance the sovereign wealth giant’s sector exposure.

L&G and Federated Hermes’ fund merger reflects ‘evolved’ market

The combination of two UK property funds will create a £4.7bn platform amid shifting preferences from domestic pension schemes.

Institutional capital in Asia-Pacific is eyeing the Anglosphere

The region’s investors will increasingly look to broaden its geographic footprint in English-speaking countries outside of the US, writes CJ Morrell, head of Japan at Fiera Capital.

South Korea’s NPS upped real estate commitments by 19% in 2024

The pension fund added at least 10 new funds and direct investments to its real estate portfolio last year.

AEW promotes Gina Szymanski to CIO of its public REIT platform

As lead investor for the Boston-based manager’s $4bn global securities business, she succeeds Robert Oosterkamp, who is leaving for an undisclosed new venture.

Managers cannot opt out of the sustainability spotlight

The issue has fallen down the industry’s priority list, but other groups are still holding property owners accountable for their climate actions.

Rising manager stake sales reflect greater fundraising confidence

A Hodes Weill report finds a surge in deals for non-controlling interests as buyers underwrite AUM growth for real estate managers.