Jonathan Brasse is the Senior Editor, Real Estate for PEI Media’s real estate publications. He oversees the editorial output and leads the reporting team behind the sector-leading private real estate publication PERE as well as Real Estate Capital, the group’s real estate credit markets publication. Jonathan joined PEI in 2009 from UK commercial property magazine Property Week where he oversaw international news and analysis coverage.
Value-add assets in the region during this fully-priced part of the investing cycle require existing income and disciplined leverage for the best chance of success, argues Mike Bryant, co-head of real estate at manager Partners Group.
Rainer Komenda, head of real estate funds at Bavaria’s Bayerische Versorgungskammer, tells Jonathan Brasse about how Germany’s biggest state pension provider is thinking about its real estate business as it views a downturn.
A handful of organisations found they were unencumbered by their pre-crisis dealings, able to recognise bottoming conditions and could access the capital to get investing again. They became the post-crisis winners.