While the US insurer has taken a strategic position, the London-based private equity real estate firm remains in the control of its management led by founder Ric Lewis.
Approximately $1.25trn was wiped from the value of US stocks on Monday alone, but way more damage would need to be inflicted before investors will be adjusting their bricks and mortar exposures.
Despite Brookfield’s failed IWG bid, more real estate companies are likely to partner with serviced-office providers, said the research and advisory firm’s head office analyst.
Only logistics assets that combine measures to enhance workplace health and wellbeing with environmentally responsible initiatives are future-proofed amid technological and social change, argues Jonathan Fenton-Jones, operations director at developer Baytree.