Retail

Investors decide it is time to discuss trophies again

Amid a stalled private real estate marketplace, institutional investors at the PERE Network Europe Forum contemplated how now could be a good time to buy large office and retail properties.

Real estate owners expect future pricing to reflect embodied carbon

Industry practitioners anticipate embodied carbon will become a greater focus for prospective buyers in the future.

Blackstone pockets €1.3bn for Milan luxury retail asset

The mega-manager’s sale of trophy asset Via Montenapoleone 8 marks Italy’s largest-ever single-asset transaction.

Retail shows no sign of closing down

In-store shopping was never really threatened by the rapid growth of e-commerce, and now the two are working in tandem with each other.

PGIM Real Estate: Retail is on a comeback path

Rents have bottomed out across many global markets, making the sector more attractive from an investment standpoint, says PGIM Real Estate’s Sebastiano Ferrante.

ESR’s ARA Private Funds sale has three carve-outs

Although the firm will continue to own other parts of ARA Asset Management, the APF sale itself includes notable exclusions.

DOWNLOAD: Investor appetite for private real estate remains robust for 2024

Although 38% of investors were overallocated to the asset class in 2023, only 27% plan to invest less capital this year.

Investor appetite helps real estate turn the corner

The outlook for 2024 stands in stark contrast to 2023 as institutional appetite for real estate picks up, says James Jacobs, head of real assets for Lazard’s private capital advisory group.

Perspectives 2024: What investors think about private real estate

Investors are hurting from the poor performance of real estate, but this has not diminished their appetite for fresh investments.

DOWNLOAD: Fundraising hit an 11-year low in 2023

The total of $138.93bn raised in 2023 represented a 41% drop from the $236.04bn raised in the 2021 fundraising peak.