Office

The investment manager believes the impact on returns of energy-efficiency upgrades will be more ‘manageable’ than previously feared.

The mismatch between buyer and seller expectations is most pronounced in the office sector, writes Tom Leahy, head of EMEA real assets research at MSCI.

The investor will shift its focus to equity opportunities in 2024 from real estate debt and public market investments this year.

The Nordics-focused manager has appointed a senior construction executive to lead its next phase of growth, says founder Leif Andersson.

The investor first began building a core portfolio in Europe and Australia and now looks to expand into non-core strategies.

Home sizes, commutes and cultural factors will determine which global office markets survive and which suffer says Tony Brown, global head of real estate at M&G Real Estate.

But those deploying capital in the country would still benefit from risk mitigation, members heard at the PERE Network Tokyo Forum 2023.

Historical trading activity and higher-than-average investor allocations have brewed a ‘perfect storm’ in the country’s real estate market.

The London-based manager is over two-thirds of the way toward its target for the value-add and opportunistic fundraise.

However, the global CIO of the German asset manager sees recent government reforms as a way for the sector to return to a ‘healthy’ balance.