Deals

Historical trading activity and higher-than-average investor allocations have brewed a 'perfect storm' in the country's real estate market.

One such group is CapitaLand, which is seeking to double its AUM in the country over the next three years and accelerate its growth further.

Henderson Park Capital Partners acquired the Waldorf Astoria Edinburgh – The Caledonian for £85m in July, the biggest UK hotel deal this year. The iconic hotel's guests have included Queen Elizabeth II, President Barack Obama and Charlie Chaplin.

The US-based manager said recapitalizations can help borrowers bridge funding gaps and hold on to good assets until the market turns.

The manager has expanded the geographic scope and timeframe of its previous analysis in its latest estimate.

The New York-based private credit manager picks up substantial exposure to the city's office market in the deal.

The New York-based capital advisory firm expects to see more firms looking to make strategic acquisitions for geographic expansion.

The deal is set to be one of the largest in Europe so far this year, and the largest whole-portfolio transaction in the region.

The transaction comes at a time when the opportunity set for real estate secondaries investing is shifting.

Private equity firms and institutional investors were conspicuously absent from first-half activity, while other buyers came to the fore.