The most common complaint I hear from CIOs and real estate investment officers around the globe is that they are overwhelmed by the demands on their time. This is true even for those blessed with large staffs — although for most of you, you are also plagued with a lack of sufficient staff resources. Many of you are effectively one-person shows. And some of you are CIOs with no staff at all — you’re running the whole shooting match by yourself. By the way, I totally understand how you feel. No matter how our staff has grown over time, I have always felt like my job would be easier if I only had more time. And I have always felt that if I only had more staff, I would have more time.
From the Current Issue
Economic uncertainty, capital cycles and secular trends are creating an intricate landscape across the global real estate asset class, where remaining ahead of market trends is essential. Our analysis dives into the dynamics shaping real estate sectors across the United States, Europe and Asia Pacific as we unveil our predictions for 2024, offering insights to navigate the evolving outlook for the real estate market.
In late September a group of plan sponsors and fund managers gathered in the seaside town of Cascais, near Lisbon in Portugal, to discuss the European real estate market and to identify potential editorial themes for forthcoming editions of Institutional Real Estate Europe.
While demand for affordable housing continues to grow, the number of affordable homes is broadly 1.4 million less than it was at its peak in the 1980s. The UK’s National Housing Federation says the country needs 145,000 affordable homes to be built each year to meet housing needs in England alone, but over the past 20 years, housing associations have only been delivering between around 40,000 and 50,000 affordable homes annually.
One of the fascinating things about timberland is the resilience of its investment thesis. Timberland has historically provided attractive risk-adjusted returns and portfolio diversification benefits, in part due to its low correlation with other asset classes, such as bonds and equities. Its relative safety and insulation from financial markets has made it a coveted staple of institutional portfolios with long investment horizons.
The view from the parking lot in one of his company’s industrial parks in the Czech Republic might not appeal to everybody, but Maarten Otte, head of investors relations for the CTP Group, likes what he sees. Speaking from his car between tenant meetings, Otte ticks off a long list of factors that make Central and Eastern Europe a good place to invest in industrial and logistics properties.
America’s capital, Washington, DC, was designed by a Parisian. Pierre Charles L’Enfant had a grand vision for the new city he planned of magnificent diagonal boulevards, which opened up the possibilities of city living. The result was a rare European-style urban design in the United States, which stood in stark contrast to the rigid grid urban structure seen elsewhere in the country. Today, there are few in downtown DC to appreciate L’Enfant’s contribution to his adopted country as the US capital struggles to emerge from its post-lockdown slump.
Despite dampened activity and supply chain issues, the European living sector continues to attract strong investor attention thanks to its robust long-term appeal
Many property lenders have been accused of being guilty of “green hushing” their ESG requirements. A report by The Bartlett School of Sustainable Construction, a University College London (UCL) department, called ESG in the Real Estate Finance Industry, has found that some property finance providers are complying with regulations, but beyond that do very little.
The supply of new space to accommodate growth in the UK life sciences so-called Golden Triangle is set to remain severely constrained for the foreseeable future. Knight Frank has said that 56 percent of the life sciences development pipeline in the Golden Triangle — the area comprising Cambridge, Oxford and London — is still in its pre-planning phase, creating a 1.85 million-square-foot (172,000-square-metre) shortfall of life sciences space in Europe’s leading life sciences market.
European commercial real estate underwent a seventh consecutive quarter of falling investment in the third quarter of 2023, according to the latest Europe Capital Trends report from MSCI Real Assets.