Five years into the global economy’s recovery, interest rates remain low by historical standards. As such, investors’ hunt for yield is intensifying.
From the Current Issue
2014 was characterised by the en masse arrival in Spain of international investors and by the creation of large Spain-REITs, Sociedades Anónimas Cotizadas de Inversión en el Mercado Inmobiliario or SOCIMIs.
During the first half of 2015, 5,462 properties were sold across Europe, totalling €133.8 billion in property sales.
Over the past five to 10 years, there have been well-documented reports of the increase in foreign buyers procuring apex properties in London and the south-east of England.
If I were to ask investors to create a complete sentence using the words “markets” and “dear”, one possibility might be: “Dear me, look what the markets have done to our bond holdings, were we able to get out in time?” Or “The equity markets are now too dear for us to contemplate changing our asset allocation.”
Real estate remains a core asset for many institutional investors, and rightly so. The manager universe is broad and established with a transparent track record and the market continues to offer an array of opportunities that generate attractive risk-adjusted returns. However, investors should also be considering other asset classes within the private markets sphere.
Birmingham is the United Kingdom’s second largest city after London but often suffers by comparison and from its relative proximity to the British capital.
The popularity of German real estate is rising, with capital flowing in from all directions. Foreign investors from the Middle East, in particular, are finding their way to Germany and domestic investment is as strong as ever.
Perella Weinberg Partners has launched Perella Weinberg Real Estate Fund III with a €1.3 billion target, which will use a value-added and opportunistic investment style.
Every year, Institutional Real Estate, Inc teams up with Property Funds Research to survey managers from around the globe for a Global Investment Managers report.
There is nothing new as such about logistics facilities; distribution warehouses have always featured as an essential link in the supply chain between manufacturer and retailer, between getting products from where they are made to where they will be bought and used.