Offices are coming out of exile
A spate of trophy deals in the last week signals institutions are warming up to the beleaguered asset class.
Expert analysis by Greg Dool
Trophy offices, once commercial real estate’s marquee assets, are stepping back into the spotlight.
After the pandemic degraded offices to pariah status among private real estate allocations and fostered speculation over the category’s survival, a run of deals in the past few days shows institutional investors once again see potential in certain workplaces.
Last week, Australian superannuation fund Aware Super pumped an initial ￡1 billion into...