The firm bought the post-reunification office and retail complex from Caleus Capital for €195m.
In bidding on an Australian logistics portfolio, the partners faced fewer competitors in the market as smaller players were unable to close deals quickly.
The sector giant invested £264m in the London-based REIT after its shares fell in a deal which extended a strategy of taking positions in discounted listed property businesses.
The ranking’s net investing almost halved in the last 12 months. Restrictions imposed by covid-19 will only further reduce its ability to place capital, writes Simon Mallinson, executive managing director of Real Capital Analytics.
The country's successful response to covid-19 might offer it a competitive edge over the UK and US once life normalizes.
It is critical for private real estate equity investors to keep a close eye on what is occurring in the debt capital markets to best understand pricing nowadays, writes Justin Curlow, global head of research & strategy, AXA Investment Managers – Real Assets
The valuation and investor interest in the asset, which traded at a 4.4% cap rate, remained unchanged despite being marketed during the pandemic.
Shopping Mall
The acquisition would have been the biggest sale of UK retail parks in a decade.
The real estate lending market is largely on pause, but the deals closed since the crisis's onset hint at what lenders are still willing to sign off on.
If the walls of the Oceanwide Center could talk, they would confess to hoping, fingers crossed, that their current suitor will see through a deal to buy the complex.
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