Core

The firm has promoted Thorsten Slytå to the new position, which was established in response to growing demand for more direct investment.

With its partner funds around £850m underweight to UK real estate, the LGPS pool is poised to begin deploying from its latest vehicle, says head of real estate Alistair Smith.

Half of institutional investors are under-allocated to real estate amid stronger performance in public equities, finds Hodes Weill and Cornell University’s latest Allocations Monitor.

The practice enables the UK local government pension schemes to explore new areas of private real estate, such as impact investing.

With one eye on the new market cycle, emerging and evolving capital sources are mobilizing to make the most out of an allocation to private real estate.

The firm has acquired three offices under the core strategy in Singapore, Sydney and Seoul since it was launched in 2018.

The New York-based firm says it now has a $70bn data center portfolio, and significantly more in the pipeline.

A pan-European, open-end fund and the first of a series of SMAs is in the works, nine months on from the appointment of Nick Preston to lead Panattoni Investment Management.

The asset management arm of JPMorgan Chase first entered the space after naming Chad Tredway its head of real estate Americas last year.

Despite the brighter outlook for attracting capital to private real estate, key metrics point to ongoing challenges for fund managers.