One of the key issues facing real estate investors is the ability to separate cyclical changes from long-term structural ones when assessing the future potential of any particular asset class. We have already seen this play out in the retail sector as the impact of technology and online retail continues to permanently reshape the landscape.
A decade after the housing bust, a debate rages about where homeownership is headed and how U.S. households will consume housing in the years ahead.
The effect on the general French real estate market has been clear. It enjoyed a record year in 2018, according to BMO Real Estate Partners, with €32.8 billion invested in commercial real estate, compared with the previous record of €31.9 billion in 2007.
The story in 2018 for the UK’s total real estate returns was one of decline.
It is a significantly positive step that the integration of Responsible Property Investment (RPI) initiatives have become mainstream for institutional investors. There are many benefits to be derived from a holistic approach to investing in real estate, which delivers not just solid financial returns, but great places for people to work, live and enjoy. Investors, occupiers and society are beginning to reap the rewards of this approach.
I am still in the process of digesting our 2019 Visions, Insights & Perspectives (VIP) Europe conference, which took place on 20 and 21 February in Amsterdam. I was very pleased to have co-hosted the event with my colleagues Geoffrey Dohrmann and Jonathan Schein, to have learnt so much in such a short space of time, met some new faces, and caught up with some familiar ones. I was also immensely proud that the gathering was held in the Dutch capital, as it happens to be my home town.
Changes to taxation and the much-hyped uncertainty around Brexit contributed to the lacklustre performance of UK residential property throughout 2018. But our opinion is that there are key pockets of opportunity in regional markets throughout the UK. Here are three markets in which we expect to see solid growth in 2019.
Tristan Capital Partners has completed the capital raising for the latest fund in its value-add/opportunistic series, with equity commitments totaling just under €1.7 billion.
Logistics and industrial property in Germany changed hands for approximately €6.7 billion last year, 28 percent lower than 2017’s record transaction volume, according to Savills.
London has been named the number one destination for business collaboration and innovation by senior business leaders.
Real estate debt strategies are not delivering enough returns to attract investors in mainland Europe.
New York City has ranked first in an index measuring 30 global tech-heavy cities analysed by Savills, with San Francisco in second place and London third.
Europe’s warehouses will become facilities packed with sophisticated technology manned by highly skilled workers, altering where logistics facilities are located in the future.