Revetas has been appointed by a German investment manager, representing several pension funds and other investors, to support the repositioning of a $4.0 billion US property portfolio. The mandate aims to complement the portfolio with additional governance, restructuring and capital markets expertise tailored to the current market environment.

Dennis Selinas, CEO of Globalworth Group, talked to Property Forum about the demand trends for offices in Bucharest and the 'flight to quality' towards ESG-ready office buildings in the market.

Deutsche Pfandbriefbank AG (pbb) is accelerating the execution of its Strategy 2027 by withdrawing from the US market and focusing entirely on Europe. The move is intended to streamline operations and channel resources into more profitable, stable markets. The bank will wind down, securitise, or sell its €4.1 billion US portfolio, which has an average remaining maturity of 2.5 years.

With a total value of $379.7 trillion at the end of 2022, real estate is worth more than the global equity and bond markets combined and is almost four times the size of global GDP, shows a Savills report.

Following other large corporations, New-York based asset manager BlackRock will order a massive return of its employees in the office starting this autumn. The company added a day to its current requirement of three days a week in the office in a bid to boost collaboration and training of its employees.