Good morning, this is your AM bulletin with the latest news and views from EG, as well as a few of the best bits from the morning papers.
Blackstone has shaken up its top real estate team, promoting global co-head of real estate Ken Caplan to global co-chief investment officer. Nadeem Meghji, head of real estate Americas, will succeed Caplan in the real estate role, alongside current global co-head Kathleen McCarthy.
EG meets QuadReal’s Jay Kwan to talk cycles, inflection points and building a BTR business. “It’s not necessarily robust to predicate your investment thesis on a precise call on what happens with interest rates. You’re going to be wrong.”
The company behind plans to transform a series of tunnels under London into a major tourist attraction will float on the London Stock Exchange later this month.
The industry stands at a pivotal moment where it can take the lead to improve communities, writes Matthew Morgan, director of the Quality of Life Foundation. “But organisations must be accountable for their actions, ensuring community engagement is not a tickbox exercise but an ongoing, meaningful dialogue.”
Speaking of which, the Greater London Authority has asked the real estate sector to use empty space to house homeless people this winter. Surely that’s a call we can all get behind.
In other news:
Developer gets go-ahead for 40-storey resi tower on former Primark site
Ex-M7 boss’s firm writes loan for Tristan portfolio
Trump property fraud trial reaches close
John Lewis brings back Ruis to revive department stores
Fortnum’s to double warehouse space after hampers hampered
