Summer is done, sun tans are topped up and minds refreshed. Now back to business! As predicted, the summer was really quite busy from a real estate HR perspective with office leasing and property management and asset management leading the list of requirements.
So what can we expect from Q4 of 2013? One thing we can expect is a number of large transactions particularly in retail. There has been a lot of noise coming from a number of funds since before the summer and this is now reaching boiling point. What is interesting is funds that have traditionally operated in the core office market are now diversifying into retail and logistics. Allianz in Katowice is probably a good example of that. During the summer Tara HRC has worked on 2 retail asset management roles for funds who have not dealt in retail assets previously. The agencies are also gearing up their asset management teams, CBRE have added to their retail asset management team. This demonstrates that funds are still not taking a full on approach to their own asset management.
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