North America

A week on from the appointment of Karim Habra, the manager has hired two more executives to bolster its operational real estate expertise.

The Chicago-based industrial specialist has appointed Charles Baigler to grow a continental Europe business.

New global real estate co-head Nadeem Meghji believes the firm has ‘an unparalleled opportunity’ to invest capital amid a dislocated market.

The banking giant’s CFO said the firm ‘made substantial progress’ in selling down its commercial real estate balance sheet portfolio in 2023.

The ex-Blackstone real estate boss has included three strategies in the investing thesis for his new firm’s maiden fund.

The demand for warehouse space globally will be higher over the next few quarters due to ‘escalating issues’ in the Suez and Panama canals.

Private real estate’s biggest firms – Blackstone, UBS and Partners Group among them – have clear reasons for needing more people at the top.

Blackstone has promoted multiple executives at the real estate and firm level in preparation for an ‘active’ investment period in 2024.

Following its integration with Credit Suisse, the Swiss bank’s investment arm has promoted Jon Hollick to head of global ex DACH real estate.

Anne Valentine Andrews’ exit follows those of all three of the firm’s regional real estate heads over the past two years.