European investors find themselves in the midst of an unprecedented low-yield environment. Government bond yields have been falling consistently since 2008, with German 10-year Bund yields trading in negative territory and European BBB-rated corporate bonds currently offering not much more than a 1 percent yield.
The United Kingdom voted on 23 June to leave the European Union, by 51.9 percent to 48.1 percent on a turnout of 72.2 percent, 6.1 points higher than in last year’s general election.
The 2016 EU-wide bank stress results released by the European Banking Authority on 29 July contained the expected bad news for Italian banks, with their high, €360 billion levels of nonperforming loans.
The largest final close during July was by Madison International Realty, which raised nearly €1.25 billion in equity commitments for its Madison International Real Estate Liquidity Fund VI.
The United Kingdom’s vote in June to leave the European Union has further fuelled uncertainty surrounding pre-crisis real estate funds, which are already facing pressure to sell tens of billions of pounds/euros/dollars worth of assets.
Unlike most major German cities, Berlin does not have many skyscrapers, either commercial or residential.
Student housing in Germany has evolved into an attractive institutional asset class, complementing other specialist real estate investments in the modern investor’s portfolio and providing stability during times of market volatility.
On balance: New accounting standards require leases be recorded on balance sheets, which has implications for real estate owners
The UK Brexit referendum has taught me one thing — I never quite realised just how many experts are willing to offer an opinion and drop a forecast at a moment’s notice.
If you’re like me, you’ve been absolutely barraged over the past several months with invitations to attend briefings and webinars and read blog posts, twitter posts and feature articles proposing to help you understand precisely what the recent vote in the United Kingdom to exit the European Union really means.