Christie Ou
With General Atlantic as its new owner, the firm will add Japan as a new investment market for real estate.
The demand for warehouse space globally will be higher over the next few quarters due to 'escalating issues' in the Suez and Panama canals.
The alternatives giant never reached the heights it hoped with its regional property platform and faced challenges from the get-go.
Several real estate professionals have left the firm since last year, bringing down the curtain on a platform that has been in operation since 2010.
The former Apollo senior executive has left the Swiss investment group less than a year after he joined in April last year.
The country's investors have deployed $7.46bn into overseas real estate year to date, more than triple the outbound volume in 2021.
Bastian Wolff, founding partner at Aquilius Investment Partners, expects more European and North American investors to pivot back to their home markets.
While Saunders was the only key man in its Asia funds, MacDonald and Ju will become the co-managers for its existing and upcoming funds.
The acquisition marks the entry of the asset manager’s alternatives unit into real estate following its launch in 2021.
The firm has endorsed three executives in North America and one in Asia-Pacific as its real estate business continues to grow.
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