GRESB, private real estate’s leading ESG benchmark, is celebrating a decade in existence. The industry organization, which began life in 2009 in response to three pension funds asking for ESG data, has experienced a surge in membership since. Today, with more than 1,000 portfolio entities and $4.1 trillion in real estate currently subjected to its scoring system, GRESB and its annual evaluations have become the most anticipated ESG-oriented assessments in the industry. The benchmark is one of...

The region’s real estate investors are curtailing cross-border investments as currency hedging costs rise and yields fall for trophy assets in mature overseas markets, according to the property services firm.

Former Patrizia Multi Managers associate director Jakob Kaer Nielsen will oversee the $76bn pension’s foreign real estate portfolio.

The New York-based manager says buying heavily discounted securities can be additive to a private portfolio and is not alone in its beliefs.

Former Angelo Gordon managing director Matt Brody joins the private real estate firm to head investor relationship management and new business developments.