There is nothing that markets like less than uncertainty, so the thinking goes. But these are undoubtedly unsure times.
From the Current Issue
Where will Asia Pacific investors put their money in 2015, and what are their preferred investment products? What are their constraints? How will fund managers align their products to investors’ needs?
In most asset classes, performance is easily compared and contrasted against a commonly agreed upon investment universe or an appropriate index of investment opportunities. But in private real estate, investors face the dilemma of attempting to evaluate performance without the benefit of a commonly agreed upon benchmark.
The years following the Great Recession were excellent vintage years for US real estate investing. Managers that were well capitalised to take advantage of those opportunities have made great returns for their investors. Now things become more difficult.
Sometimes in life you meet someone who is so young, so beautiful, so full of life, so positive and so upbeat that they make you feel brighter and more alive simply by being in their presence. Ashlee Lambrix was that sort of person.
In response to incredibly low interest rates, slow economic growth and continuing economic uncertainty since the global financial crisis, institutional investors have had to rethink how they construct their portfolios — and which bricks will be best to build around.
Office space in Hong Kong is more than twice as expensive as prime commercial property in any other global city, according to Knight Frank’s recently released Global Capital Markets Report.
China’s Ping An Insurance Group has purchased Tower Place in the City of London submarket for approximately £327 million (US$495.1 million).
After a relatively decent 2014 in which listed property markets were generally bolstered by investor needs of yield and earnings stability, the start of 2015 continued that theme.