Investors

The German insurer will remain active in the asset class but will be reevaluating its underwriting and the types of investments it pursues.

‘In the current situation, it’s really tough to underwrite something,’ Rainer Komenda, the €80bn Bavarian pension investor’s head of real estate funds, tells sister title PERE.

The European asset manager’s real assets, structured finance and hedge fund businesses will combine to form the new entity.

Real estate investors say limited land supply is holding back the development of the urban logistics sector.

Investors are seeking out lower-risk alternatives to existing fixed income and real asset equity exposure, according to investment consultant bfinance.

For a number of reasons, one of the largest UK property funds remains the only such vehicle to have frozen trading in recent months.

Strong institutional demand for more risk plays into the hands of non-bank property lenders.

Investing in real assets has become increasingly popular, and debt funds that provide financing for real assets projects are no exception.

The mandate will establish an evergreen fund to invest in a wide variety of debt instruments including real estate debt.

The pension fund, among others, is concerned about the additional risks managers in the strategy are taking in order to meet higher return targets.