Liquidity within global real estate financing markets remains deep. Several major catalysts — including the health crisis; the macro environment; a raft of sector-specific headwinds; and increased climate risk and environmental, social and governance (ESG) requirements — are collectively institutionalising change in how the financing market is structured and how loans are underwritten.
During the past few months, investors, managers and consultants participated in Editorial Advisory Board meetings for each of Institutional Real Estate, Inc’s regional publications, to discuss the most pressing issues facing the real estate investment industry.
Although the level of COVID-19 cases varies around the world — and now there is concern about the Omicron variant — we are shifting to a new model that sees the workforce splitting time between working from home and working from the office.
As the commercial real estate sector completes a second year of the global pandemic, it’s no surprise investor surveys report a continued interest in commercial real estate debt vehicles. Not a single investor wanted to reduce their exposure to debt, according to the 2020 INREV/ANREV/PREA survey covering commercial real estate debt vehicles.
The widespread global adoption of defined contribution (DC) plans and the attendant freezing and/or termination of defined benefit (DB) plans has been a gradual, ongoing process — like a frog who finds himself slowly boiling in water, it may not feel very threatening until it’s too late.
Nuveen Real Estate has acquired a residential site at Castleforbes Business Park in Dublin in a joint venture with Eagle Street Partners and HESTA, the Health Employees Superannuation Trust Australia. The site comes with planning permission for a build-to-rent development of up to 702 homes.
South Korea’s National Pension Service (NPS) and Tishman Speyer have created NPS–Tishman Speyer Thematic Platform, a US$1.5 billion separately managed account focused on investments in real estate innovation and high-demand asset classes across major US markets.
Following a second quarter slowdown, fundraising activity stormed back in the third quarter of 2021, raising US$41.3 billion, the highest third quarter total ever — surpassing the US$37.17 billion raised in the third quarter of 2018 — and the fifth-highest quarterly total ever recorded in this 15-year data series, according to Institutional Real Estate, Inc’s IREI.Q database.