Office

Indraneel Karlekar returns to the New York manager, where he previously headed research during his days with affiliate ING.

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

Following a trip to the Middle East, Berkadia’s Noam Franklin expects investors in the region to be interested but highly selective on US real estate opportunities this year.

Several real estate professionals have left the firm since last year, bringing down the curtain on a platform that has been in operation since 2010.

The firm’s head of Europe real estate, James Seppala, expects buyers and sellers to emerge from the sidelines from here on out, creating further opportunities to deploy in the region.

The former Apollo senior executive has left the Swiss investment group less than a year after he joined in April last year.

With the enforcement of CSRD directive in Europe this year, it will only get harder to lease real estate that is environmentally obsolete, says ICAWOOD’s Laurence Desmazieres.

The road ahead for private real estate looks bumpy. But long-awaited positive rate signals from central banks are the tonic the market needs to get moving again.

The country’s investors have deployed $7.46bn into overseas real estate year to date, more than triple the outbound volume in 2021.

Bouwinvest’s Stephen Tross is expecting the market to turn in mid-2024 and wants to be ready to pounce on opportunities.