Jonathan Brasse
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.
The real estate sector’s condemnation of ‘the most un-PC event of the year’ has been swift. Now all eyes are on how it will act. The first test is MIPIM.
Patrizia’s supersonic year of growth finishes with the €7.8 billion capture of the London-based pan-Europe-focused private equity real estate firm.