Investors

The Vancouver-headquartered manager has bought a stake in and committed up to £1bn to London-based Précis Capital Partners, which has rebranded.

To fight ‘active inertia,’ managers will need to adapt to changing client requirements,’ writes Chris Urwin, founder at advisory firm Real Global Advantage.

The financial services firm is advising investors to refrain from buying as property prices fully adjust.

The denominator effect is causing notable overexposure to property, according to the latest Allocations Monitor released this week by Hodes Weill and Cornell University’s Baker Program in Real Estate.

Loans coming to maturity in the next two years will be hard hit by interest rate rises and decreasing loan-to-values, respondents said.

The UK’s fast-changing political and economic landscape, however, could mean fundraising may slow down in the months ahead. 

The New York-based mega manager expects deployment activity to become muted but more creative dealmaking to emerge in the near term.

While a 25% currency discount is a lure for some international bargain hunters, the institutional attitude has remained largely circumspect.

As managers shift to focus on near-term challenges, sustainability and social impact goals are at risk of being deprioritised.

A report published this week by LaSalle Investment Management and the Urban Land Institute drives home that non-uniform measuring of risks is keeping institutional real estate markets ambivalent.