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Randy Giraldo, head of real estate in Europe, discusses the impact of megatrends on the real estate market over the last decade, the changes Nuveen has made to face them productively, and the risks that the future might hold for the industry.
In this interview with PERE, Giraldo reviews how the industry and Nuveen have adapted to developments such as the increasing specialisation of real estate, the shift towards private capital and the impact of technological advances across sectors. Looking forwards, stagflation, impeded liquidity and political and regulatory pressures may complicate the decades ahead.
Other highlights include:
- Nuveen’s decision to segment teams and funds by sector
- The firm’s increased offering of global high yield funds
- Changes in the nature of deal making over the past decade
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