The vehicle’s limited partners, including Azora and BNP Paribas Real Estate, are betting on technology to help them become better property investors.
The London-based manager has decided a market boasting 7% yields is worth buying into, despite its high vacancy rate and today’s general uncertainty towards the sector.
For the industry groups spearheading the global initiative to standardize reporting, the pandemic has created new reporting requirements that may remain for the long term.
Capital providers are seeing writedowns in their portfolios and accepting that valuations and underlying assumptions will vary during this uncertain time.
With so little clarity on property values during covid-19, appraisers are relying more on anecdotal commentary and getting creative to gain more market insight.