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Does AEW’s Asia core fund defection matter?

Whether the Boston-headquartered manager should fret over losing Gillian Chee, the manager of its incoming Asia core fund, is debatable.

AEW loses manager amid Asia fund launch – Exclusive

Gillian Chee was only brought on board in May to help launch the firm’s first  open-ended core fund in Asia.

Australia defies regionwide property slump

Australia recorded $8.4bn worth of property transaction volumes in Q2 2019 amid an overall slowdown across Asia-Pacific, according to data published by Real Capital Analytics.

LaSalle hires CBRE GI exec to head US custom accounts- Exclusive

Stuart Sziklas will join the firm as head of US custom accounts on September 3, and will lead the portfolio managers overseeing $10 billion across the firm’s separately managed accounts.

How Brookfield is handling retail tenant bankruptcies

The global real estate manager said while tenant bankruptcies have resulted in a $150m loss since 2018, it has a plan to reposition its retail portfolio with more resilient tenants.

Currency costs sour international investors on the US

The risk of currency volatility adds to already low yields, outweighing the rewards that some investors seek from the country.
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Currency devaluations subdue growth in global real estate market – MSCI

Growth in the global real estate market was muted across almost all countries in 2018 because of currencies depreciating against the US dollar, according to a July report by MSCI.

Imagine a world where core is the riskier investing profile

To successfully navigate the reefs of high core valuations, an opportunistic anchor is the best fit, argues Cyril Demaria, head of private markets, Wellershoff & Partners

GPIF’s $500m RE buying part of broader Japanese outbound push

The world’s largest pension fund is expected to engage in overseas real estate through more investment strategies and structures.

UBS’s $21bn US core fund sees two-year redemption queue

Lackluster returns and growing competition have the Swiss bank’s UBS Trumbull Property Trust suffering the sector’s biggest investor exodus.
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