Merchant West Sanlam Collective Investments Global Property Income Fund on Hudson Pacific Properties, Inc.
Thesis
Hudson Pacific Properties is presented as a recovery story tied to improving US West Coast office fundamentals. The fund points to accelerating leasing activity and particularly strong demand from AI-related tenants in the Bay Area and Silicon Valley as support for the rebound. It also notes that several major sell-side firms raised their price targets through May and June as leasing volumes improved. The discussion implies that continued recovery in prime West Coast office demand is the key operating driver for the holding. P(1) Merchant West SCI Global P…
“HPP shares staged a notable recovery in the second quarter of 2026, supported by improving US West Coast office fundamentals.”