Christie Ou
Iliffe will spin out part of LOGOS’ business following ESR’s acquisition of the three co-founders’ ownership stakes.
Before launching a dedicated fund, the firm has deployed over A$5bn in Australia across real estate debt and equity since 2011.
The pension fund committed $1bn to overseas direct real estate funds within six months last year.
He believes investors will want to capitalize on strong risk-adjusted returns for credit investments before rates come down later this year.
The joint venture marks the first time the firm has set up a direct investment vehicle with a single institutional investor.
Although the proposed transaction still has many unknowns, some impacts of the deal are apparent even at this early stage.
The firm remains interested in the rest of the IFC Seoul complex, with the acquisition setting 'the tone' for its future Korean investments.
While others said no to moving to Asia, the relocation was one of the major turning points for the executive's 40-year real estate career.
Stuart Mercier was responsible for establishing the Canadian group’s overall business in China before he expanded into a more regional role.
The Atlanta-based firm has invested in the niche residential strategy – one of its high-conviction themes – in the US since 2022.