Retail

The decline of the five-day commute has been a boon for suburban retail, according to the manager.

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

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

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

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

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

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

With only $19.8bn raised, the first quarter of 2024 recorded the lowest Q1 fundraising amount since 2011 when $15.2bn was corralled.

The sector is getting used to higher interest rates and cap rates, but uncertainty remains.

Charting a new path for returns means getting back to basics, says Jolly Singh, a principal of portfolio oversight at CIM Group.