Residential

The listed company plans to expedite the return of invested capital, including transferring balance-sheet assets to third-party vehicles.

The firm’s C-suite executives may hail from Goldman Sachs, but its property business has multiple links to another industry heavyweight.

Town Lane and Greykite, two start-ups launched by established industry dealmakers last year, defied the odds with early fundraising and deployment successes.

Six in 10 institutions are now underweight in the asset class, but just 34% plan to up their investment in 2025.

Despite the weak macroeconomic backdrop, Europe’s property market has a number of favorable conditions on its side, says Dan Mahoney, Europe head of research and strategy at LaSalle Investment Management.

‘We see that we’re firmly on this recovery path for real estate,’ said the manager’s president and COO, Jon Gray.

New York Common is among the backers of the firm’s first opportunistic vehicle.

Political uncertainty has led to redirected capital flows and decisions being put on hold.

The Swedish private equity firm, which has rebranded its real estate platform, also has hit pause on office and life sciences investments.

UBS, GCM Grosvenor and Abrdn have committed £145m across two funds managed by Matter Real Estate for its Placefirst housing business.