Value-Add

The UK private pension scheme is considering further value-add investment opportunities for its domestic and international property portfolio.

As core capital makes its return to the European real estate market, the value-add story will become harder to sell, says Barings’ Nick Pink.

EQT global head of real estate Henry Steinberg sees more buying opportunities at the top end of the market heading into the new year.

The top leadership change marks a major turning point for the Boston-based firm, which was founded more than 20 years ago.

The managers plan to raise additional capital for their venture focused on grocery-anchored assets in the US and Canada.

Commitments to date come from high-net-worth individuals and family offices across Europe, the UK, the US and the Middle East.

The Malaysian pension fund’s head of investments and acquisitions for real estate sees supportive conditions in Europe for non-core deployment.

Executives from La Caisse, Blackstone and Hines are as bullish as ever on the world’s largest office market, while CBRE co-CEO Adam Gallistel sees greener pastures in Europe.

The $683m system hit pause on new investments during the pandemic, but now is considering five fund commitments to boost its allocation.