Property fund managers heaved a sigh of relief in April as outflows slowed by 86 per cent month-on-month. At -GBP81 million they were the lowest since September 2020, and a significant improvement from the record drop of -GBP576m in March.
Results & performance
Despite the outbreak of the Covid-19 pandemic, global real estate investment managers raised at least EUR123 billion (USD150.7 billion) of new capital for non-listed real estate in 2020, according to the Capital Raising Survey 2021, published by ANREV, INREV and NCREIF.
The UK’s largest flexible property management service, Houst, is expanding its service area into Kent to support the summer staycation surge.
Property finance lawyers at north west firm Taylors Solicitors completed deals totalling GBP50 million during the first three months of 2021 in a record quarter for the team.
MetLife Investment Management (MIM), the institutional asset management business of MetLife, has completed USD10.7 billion in new commercial real estate debt and equity transactions in 2020, taking its global gross market value of commercial real estate assets under management (AUM) to USD106.7 billion as of 31 December, 2020.
Gerald Eve has declared a ‘climate emergency’ and pledged to become ‘carbon negative’ by 2030, as part of an ambitious commitment to help fight climate change.
European law firm Fieldfisher advised on more than GBP2 billion worth of real estate finance transactions in 2020, up from GBP1.2 billion in 2019, despite the unfavourable climate for many real estate asset classes during the Covid-19 pandemic.
AXA IM Alts' Real Assets platform significantly completed EUR9.7 billion of real estate equity transactions on behalf of clients in 2020 compared to EUR6.5 billion in 20192, comprising EUR7.6 billion of acquisitions and EUR2.1 billion of disposals.
The KGAL Group successfully executed new business of EUR1.3 billion across its Real Estate, Infrastructure and Aviation asset classes during 2020.
Despite the extraordinary circumstances in 2020, TSC Real Estate continued to perform well over the last year.