Azora

The age of the generalist real estate fund is over for all but a few. In its place, single-sector funds and specialist operators have emerged to meet investors’ evolving needs.

Now is a good time to deploy capital in the region’s real estate markets, say participants in PERE’s European roundtable. But political risks still cloud the outlook.

The Spanish manager has partnered with US developer Advenir to build 10,000 single-family homes and buy 5,000 existing rental units.

Banks remain a major part of Europe’s refinancing picture, but insurers are also becoming more active.

Some property owners are eschewing this higher-cost form of real estate financing, which they believe is only viable in limited cases.

Investors are returning to the sector after it proved its resilience and adaptability.

Wage inflation for juniors and a return to growth for seniors are among the key takeaways of this year’s compensation report conducted by PERE and executive recruiter Sousou Partners.

With investment in real estate technologies rising almost 40% in the last year to more than $30bn, capital allocations are becoming more formalized.