The shifts in the macroeconomic environment and evolution in real estate uses have made investing in core real estate a more complicated investment decision, according to a report by Nicoletta De Bona Bottegal, lead portfolio manager, real estate, with DWS, titled, “Seeking to unlock an edge in a new core landscape,” which was published in the November issue of Institutional Real Estate Europe.
“We believe a more proactive strategy will be paramount to achieve attractive returns over the longer term. The performance will be driven by growing income through operational efficiency rather than relying on yield compression and accretive leverage. Continuing to pursue a relatively passive strategy of simply investing in good assets in traditional sectors across the largest European markets is no longer sufficient.,” notes the report.
To access a pdf of the report, click here.
