Value-Add

Structural issues keep selected sectors in the UK on the menu despite the country’s current economic situation and the policies of its new prime minister, says Charles Baigler, head of acquisitions, private equity real estate at Pictet Group.

The asset management giant’s real assets business has promoted Thomas Mueller-Borja to global chief investment officer to oversee a weekly investment committee aimed at consolidating best investment approaches across the US, Europe and Asia.

Fiscal policy introduced following Liz Truss’s appointment as prime minister this week has private real estate managers adding to already cautious attitudes towards deployment in the country.

In July, the Clothworkers’ Company exchanged contracts with AXA IM Alts for a long leasehold of the 1.2-acre site to make room for its newest building – a 650,000-square-foot office fit for the 21st century.

The Paris-based private equity firm’s investment in Pointe Amont de l’Île Seguin exemplifies a shift in strategy for its European fund series away from predominantly offices to more exposure to mixed-used properties.

Ng joins a number of ARA alumni on RealVantage’s investment committee, including former CEO of Singapore-listed Sasseur REIT and Fortune REIT.

The Dallas-based manager has raised $400m for its first fund and, having completely deployed the vehicle, plans to go back to fundraising later this year.

Chief executive Ward Fitzgerald is navigating a period of rapid change as he aims for his firm to become a top five manager.

The South Korean pension plan has raised its real estate exposure by 13 percent since year-end 2021 – here is a deep dive into its portfolio.

Private real estate is overlooking long-term opportunities amid near-term concerns, warned speakers at last week’s PERE Global Passport event.