An almost universal complaint that comes from investors in Europe at the moment is the difficulty that they have in sourcing investment product. In the very next breath they will also be complaining about the low yield on core investments.
From the Current Issue
To get the right answer, you first have to ask the correct question. Today, investors in the US commercial real estate market are asking whether the market is at peak asset pricing or, more directly, whether asset prices can only go down from here.
The European real estate market has moved on to a different level over the past few months.
The Q3 2015 investment volume numbers are now in from the people who count these things and — despite a supposed shortage of properties to buy — commercial real estate transaction activity across Europe this year is on track to break the previous record, set in 2007.
Hotel room ownership and rental pool projects are returning to the United Kingdom following years of decline after the financial slump of 2008.
I started with Institutional Real Estate, Inc back in February and it has been an interesting ride.
China’s economic slowdown will hinder Europe’s economic recovery. Euro zone GDP forecasts have been slashed by the European Central Bank, by 0.1 percent to a less than thrilling 1.5 percent for 2015 and by 0.2 percent to a mediocre 1.7 percent for 2016.
There were various fund launches in October.
The Funds of Funds Study 2015 released jointly by INREV and ANREV, the European and Asian associations for investors in non-listed real estate vehicles, respectively, shows that non-listed real estate funds of funds representing €28.8 billion of AUM achieved an average total return of 8.0 percent in 2014.
This article was meant to be about the outlook for real estate investment markets in Europe in 2016 and beyond.
The Polish capital, Warsaw, already has an office oversupply situation, following years of construction of new class A space, and the City of London is heading in the same direction.