All eyes have been on the global real estate market in the last 12 months. Rising financing costs and the prospects of a global recession slowed returns in many areas of the office and retail sectors. Swift portfolio rebalancing and liquidity redemptions became the dominant themes of 2022.
But in the wash emerged some of the best opportunities in the sector. Global fund manager Nuveen, which manages more than US$154 billion in real estate assets, anticipates a pricing reset that sits between five and 25%, depending on the sub-sector.
This year will also see the pricing gap widen between Class A and Class B properties, which makes a more discerning play into the sector more critical.
In this issue, Nuveen explains where the growth lies in real estate this year and beyond.
Find out more in the latest Financial Standard publisher's forum article.