core

As streaming platforms race to produce original content, surging demand for sound stage space has boosted the sector’s appeal to institutional capital.

The Munich-based insurer is closer to its aim of having 10% of its private real estate assets managed on behalf of external investors within the next five years.

Institutional investors and managers are grappling with the underwriting implications of pre-covid office working practices being dumped.

Real estate investment volumes dropped 34% year-on-year in the first quarter of 2020 as the region was affected earlier than the rest of the world by the pandemic

Regulators have set the draft guidance of a pilot program. But those hopeful a first batch of REITs can be rolled out in the third quarter should curb their enthusiasm.

The valuation and investor interest in the asset, which traded at a 4.4% cap rate, remained unchanged despite being marketed during the pandemic.

The €150m separate account awarded to manager AEW kicked off last week in Paris with the purchase of a 37,000-square-foot office for €50m.

The vehicle is only the second to be managed by the San Francisco-based logistics giant in the country.

After a lofty point in the investment cycle saw the definition of prime real estate become flexible, investors are now unwilling to tolerate extra risk without additional rewards.

The firm offered virtual site visits to investors via video for the first time after travel was restricted in China due to the covid-19 outbreak.