Mitchell Schauer News Today

Hot sectors, the role of private of capital, valuations, M&A: here’s an edited transcript of how the country’s top property bankers see 2024.

With rates relief unlikely before the second half of the year, the hunt for commercial real estate that can generate inflation-beating rental growth will be keener than ever in 2024.

Investment bank Jarden and property group Cushman & Wakefield have kicked off the year’s biggest real estate sale, seeking a buyer for a half-share of a $3 billion-odd portfolio of industrial properties. 

Private capital firms have not only deeper pockets but also a superior cost of capital compared with local listed property stocks, which had a torrid 2022.

As the owners of office towers and shopping malls shake off their encounter with COVID-19, they face a new threat: cashed-up super funds on the hunt.