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The real estate veteran, who spent 17 years at the Australian firm, was heavily involved in building its China retail business.
With a total of five retail assets in the country, the Macquarie-managed portfolio has been in the market since the beginning of last year.
As sellers' expectations become more realistic, the asking price for retail assets has come down as much as 30% in the country since June 2020.
Is now the time for private real estate investors to generate returns in retail property and, if so, how should they go about it?
Data analytics, technology, ESG and tenant focus are now critical parts of the modern asset manager’s vaue creation arsenal.
There are many hurdles in converting assets from one sector to another, but cost is about to become less of one.
Executives from Angelo Gordon, Nuveen Real Estate and Canada Life make the business case for their preferred alternative use for the property type.
The pandemic has helped to facilitate the conversion of troubled assets in the sector. But such activity is not for the faint of heart.
PERE Perspectives theme
The less obvious takeaways from our inaugural Real Estate Landscape Study that still move the needle for private real estate.
The property type represents 18% of the pension's real estate portfolio and contributed to its 0% net return through Q3 2020.
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