Jonathan Brasse
The moves by Allianz and AXA to combine real estate or alternatives entities are further steps to attract more money to non-traditional asset classes.
The Munich-based insurance powerhouse is moving its Allianz Real Estate platform into its PIMCO asset management business.
In his first interview with our sister title, PERE, Emmanuel Van der Stichele sets the agenda in leading one of Blackstone’s high conviction bets - last-mile logistics.
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.
Chief executive François Trausch says the ambitious plan will partly be driven by lending.
In a presentation at PERE Asia, the head of real estate at BPE Asia questioned the use of leverage by his competitors, suggesting similarities with pre-crisis behaviors.
Europe’s biggest private real estate institutional investor plans to raise third-party capital from the second half of next year for a credit-focused vehicle.
A sector-wide dump of property is scheduled between now and 2020. The period will be a litmus test for the asset class.
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.