We aim to be at the forefront of trend analysis in the European property market. Please browse copies of our White Papers and European Real Estate Monitors.
Providing capital where capital is scarce
Many investors now recognize the size and nature of the investment opportunity unfolding across Europe. Nevertheless, such recognition is often tempered with a modicum of angst given that substantial amounts of capital have already been raised over the last few years. This has, in turn, led to a concern of a growing capital “overhang” and the possibility that some managers will find it increasingly difficult to deploy capital in an effective and efficient manner.
Seizing today's real estate opportunity in Europe
We discuss how just as 2009 proved to be a wonderful period to buy ‘core’ assets, so 2013 will be the equivalent for the opportunistic segment of the market.
Opportunity seized, opportunity missed
We explain why we believe that distress and investors' extreme risk aversion drive a rich European property opportunity set for experienced investors
The Realisation. A new world. A new Normal. A tectonic shift.
The traditional mix of equities and bonds has long held unchallenged sway in pension fund and private investor portfolios, with fixed income offering yield and lower volatility and equities delivering earnings-driven capital appreciation. Recent shifts in allocation have largely been tactical (ie, cyclical) moves between the two or, more recently, a gradually increasing strategic (ie, structural) tilt to alternatives, including real estate, infrastructure and private equity.
European Real Estate Newsletter
Real Estate has benefited indirectly from the state of heightened volatility across Europe. However, another consequence of this level of volatility is that pricing is becoming more difficult to gauge.
European Real Estate Markets – A Silver Lining…
The gathering of European Union Leaders in Brussels was meant to buy a little time. It was an opportunity to ‘draw a line in the sand’ and set out not only a credible plan but to show unity of purpose. It failed on all accounts but the real surprise was the positive reaction the event initially attracted from the market.
European Real Estate Newsletter
Market volatility continues to expose the weakness of debt-ridden economies. Investors lack confidence in the ability of policymakers and, as a result, the migration to safety is in full flight.
European Real Estate Quarterly Outlook
Recent economic uncertainty will inevitably lead to a flight to quality in terms of location, asset and manager. Whilst real estate will inevitably be affected by the continuing turmoil in the market, the defensive qualities of income producing real estate will be particularly attractive to investors.
Real Estate as an Inflation Hedge
The inflation hedging quality of real estate is one of its most attractive and enduring investment characteristics. Indeed, it is the reason often given to invest in real estate particularly by those investors who need to match long-term assets to liabilities.
Sovereign Debt & The Price of Beans
Imagine a world where the currency has collapsed. Default is widespread, thousands of businesses go to the wall and unemployment rockets.
Are we there yet? Overview of the European real estate markets
In this paper we offer a number of guideposts to measure how far we have come and how much further we have to go to see a full recovery in European Real Estate.
Infrastructure Investing - Key benefits and risks
Infrastructure can be defined as the essential facilities and services upon which the economic productivity of society depends.
Property Investing: Time to look to Europe
While the UK property market is showing signs of recovery, the pan-European market has not yet bottomed, giving investors time to take advantage of the upswing when it comes.
Pillars of a New Paradigm, Emerging Asia Infrastructure
In this insight, we explore infrastructure investment in emerging Asia - both opportunistic and strategic - and the challenges facing global investors in a new investment paradigm.
Risks, returns and correlations for global real estate markets
In this paper we look to provide estimates of the main inputs needed to construct a global real estate portfolio.
Investing in Europe: Diversification and currency issues in cross-border real
estate investment for UK investors
This paper looks to set out the optimal holding of European real estate for a UK institutional investor by mailing a set of assumptions about risk, correlations, and expected returns for UK and continental European real estate based on a combination of historical analysis and projection.
How much of their portfolio should European pension funds allocate to real estate?
The purpose of this paper is to try to lay down some broad guidelines on the weighting European pension funds should assign to real estate in their investment portfolios.
European Real Estate Monitors
Real Estate Cycles: Is there anything new under the sun?
Focus on: Central and Eastern Europe
"Flight to Prime" and Europe's office markets
Focus on: Eastern Germany
The "credit crunch" and real estate pricing.
Focus on: United Kingdom
Branching out from core
Focus on: Madrid Offices
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