Slate Asset Management (Slate), an alternative investment platform targeting real assets, announced it has completed the previously announced acquisition of Presima Inc. (Presima), a Montreal-based asset manager focused on global real estate securities (the Transaction).
Walton Global, a real estate investment and land asset management company with $3.6bn under management, announced a joint venture with Rockpoint, a real estate private equity firm based in Boston, to support demand for single-family homes in the form of rental communities across the US. Rockpoint intends to invest up to $300m in equity in Walton’s Build-to-Rent (BTR) line of business that is expected to total up to $1bn in real estate assets.
Getting into the property market is no easy feat, and according to research from Compare the Market, Australia is one of the worst countries to be a first home buyer. Placing 27th in a comparison of 35 OECD countries, Australia performed worse than New Zealand (19th) and other big players such as the United States (18th) and the United Kingdom (24th).
Managed property fund EG announced the launch of EGX, a technology incubator aimed at helping build the future of the property and real estate industry across ANZ and globally. Initiated in 2021, EGX already holds a portfolio investment of AUD $100m and is supporting three innovative and high growth firms spanning a wide range of growth areas in the Proptech market like digital twins, data analytics and intelligence, sustainability, and more.
Australia is on the cusp of a very volatile economic period. As the world tries to pick up the pieces after two years of global lockdowns and constant setbacks, we continue to face the aftermath of COVID on many levels. In the current economic climate, businesses should be weary of being caught up in a long-term lease for an expensive office that’s hard to break.
The cooling property market has resulted in the creation of an acronym, FOOP, fear of over paying. A year ago, people turned up to auctions and waving their arms in the air prepared to pay any amount of money to purchase a property through fear of missing out (FOMO). We were seeing crazy things happening at auctions. Now, things are vastly different.
We are being inundated with people wanting to borrow money through their SMSFs to purchase farms and other types of properties with land that include commercial ventures so they can live on the properties and work the businesses. There are strict rules around what you can purchase with your SMSF, but there is more flexibility when it comes to farms.
Cushman & Wakefield (NYSE: CWK), a global commercial real estate services firm, has acquired Sheffield Property (WA) Pty Ltd. and Sheffield Asset Management Pty Ltd., a reputable office leasing and property management agency based in Perth, Western Australia. The acquisition further strengthens Cushman & Wakefield’s well established and full service commercial real estate platform across Australia and the Asia Pacific region.
Homebuyers need to be more vigilant than ever as real estate agents and sellers work harder to sell properties for maximum dollar in 2022. Despite inflationary pressures properties will still achieve good gains in some areas as long as their fundamentals are sound. Good properties that are well located with solid features will continue to do well however properties that carry inherent issues such as the wrong aspect, bad outlook, busy street or building issues will find it harder to sell in the 2022 market. Real estate agents will turn to clever little dirty tricks to try and hide concerning problems so as to offload properties.
CalTier Realty, a proptech company aiming to provide investors with the chance to build wealth with real estate investment openings, has launched its $5m Reg CF investment raise. The disruptive fintech investment platform from CalTier Realty provides offerings for real estate funds to over 5,000 users and unparalleled access to commercial real estate investment regardless of investor experience or starting wealth level.