Real estate managers are addressing the need for hospital space, testing sites, and medical supply storage as they consider their own longer-term social impact.
The investor believes the pandemic’s impact on its five Dutch sector portfolios this year will range from ‘severe’ on its Hotel Fund to ‘limited’ on its Residential Fund.
Losses and write-offs on retail debt could reach £10bn, while £22bn of development loans face delays, the latest UK lending market report by Cass Business School predicts.
The Dutch pension fund was a first-time investor with the Boston-based private equity real estate firm, which raised 25% of the vehicle’s capital from Europe.