The hunt for yield and portfolio diversification has sparked institutional interest in global secondary markets in recent years, and potential shifts in behaviour related to the COVID-19 pandemic could further strengthen those strategies.
It was back in the 1920s when mixed-use emerged as a common model in urban design, aimed at offering maximum usability of space. Buildings with residential quarters and ground-floor retail space were the most common forerunners of today’s multi-purpose property concept, which has undergone several transformations over the years.
While concerns had been growing over the past few years around sluggish economic growth, rising trade tensions between the United States and China, and the inversion of the yield curve, these fears had mostly subsided by the end of 2019. Real estate markets were broadly stable, and investors were focused on sensible risk-taking — identifying and investing in opportunities that exceeded return hurdle rates with an acceptable amount of risk.
The real estate market, as we are all too aware, has experienced significant crashes and corrections in the past. Nevertheless, applying the lessons we have learned from history to the COVID-19 crisis has proved to be difficult.
Palmira Capital Partners has launched its open-end Palmira European Core Logistics Fund. The pan-European vehicle plans to invest €650 million in forward-looking logistics assets in core locations on the major transport axes in continental Europe.
As the debate over the future of the office sector rumbles on, evidence continues to emerge that employees are becoming increasingly reluctant to return to the office full-time.
Investment volumes in Europe are expected to return to pre-pandemic levels by 2022, according to CBRE’s EMEA Real Estate Market Outlook 2021.
Investment volumes in Europe are expected to return to pre-pandemic levels by 2022, according to CBRE’s EMEA Real Estate Market Outlook 2021.
If current trends hold, then the number of people in Europe renting housing will overtake those who are mortgaged owner-occupiers by 2024.
For many office investors, 2020 has been a year of difficulty and reflection. As workers have begun returning to their desks and colleagues, their relationship with the built environment has changed. The pandemic has led people to re-evaluate what it is they go to offices for in the first place.
Talk of vaccines abounds. By next summer, so the theory goes, we should have herd immunity in place. While we get closer to better protecting ourselves from SARS-CoV-2, however, new financial dangers loom. One of these could be inflation.