Office

Brookfield’s Asia real estate veteran to depart

Stuart Mercier was responsible for establishing the Canadian group’s overall business in China before he expanded into a more regional role.

Pennybacker closes on fourth-largest real estate fund this year

The firm, which closed $100m over its target for Fund VI, is part of a growing percentage of managers beating their fundraising goals.

Mineworkers’ Pension nears end of ‘difficult’ office sales

The UK pension fund is close to divesting all of its secondary office holdings as it looks to rebalance its overall real estate portfolio.

Savills IM promotes research head to global CIO

Andrew Allen was appointed global chief investment officer at the London-based manager following Kiran Patel’s retirement last month.

Stoneweg eyes ‘one-stop shop’ in Europe with Cromwell acquisition

The addition of Cromwell Europe will double Stoneweg’s AUM and expand its wheelhouse into multiple new markets, says founder Jaume Sabater.

Cromwell to refocus on the Australian market after Europe unit sale

The firm will shift to being a local manager given the difficulties of being global without vast scale, according to Cromwell’s CEO.

CPP Investments further reduced real estate holdings in FY 2024

The Canadian pension plan posted a 5% loss in the asset class, blaming the poor performance partly on rising interest rates.

Hot office debate: ‘Not a dirty word’ vs ‘no, no, no, no’

Industry executives agree on a positive outlook for US real estate, but not on whether the upswing will include the out-of-favor sector.

Hines: Developed Asian real estate prices have fallen 10%

But aggregate repricing in the region has been more limited than that of North America and Europe, according to a new report.

It is time to redefine the Class A office

Many assets considered top-tier in the sector are older and do not meet ESG expectations. That needs to change, says Craig McDonald, principal at Ardstone Capital UK.