Coronavirus

Three UK managers and a lawyer agree reaching accords with tenants and lenders alike will be critical as the coronavirus crisis ravages property markets.

The sector giant invested £264m in the London-based REIT after its shares fell in a deal which extended a strategy of taking positions in discounted listed property businesses.

The role private institutional capital plays in solving the world’s affordable housing crisis has been under a scrutiny only intensified by the coronavirus pandemic.

The private equity giant’s chairman said the firm has sold nearly all of its New York office holdings but maintains properties on the West Coast where sector demand is growing.

China’s decision to introduce a highly contentious national security law for the city will further exacerbate the political risk of investing in and operating out of one of the region’s major financial centers.

Investors seeking to acquire non-debt distressed assets will have to wait, the executive and other managers told a recent webcast.

The capital would help to fuel the growth of the pan-European business from €500m to €2bn in assets over the next two to three years.

The constituents of the PERE 100 have enjoyed exponential growth in their fundraising, even as placing capital became harder. The pandemic should relieve that pressure.

Real estate managers are addressing the need for hospital space, testing sites, and medical supply storage as they consider their own longer-term social impact.

The country's successful response to covid-19 might offer it a competitive edge over the UK and US once life normalizes.