Institutional Real Estate Europe
Dec. 1, 2012: Vol. 6, Number 11Buy For $150.00 Add to Cart
Changing of the Guard: The Real Estate Industry Is Facing Up to Transformational Pressures in the Debt Finance Markets
European real estate is in the midst of a generational deleveraging cycle that is less than halfway through, more than five years on from the onset of the global financial crisis. There are different ways to frame the refinancing challenge that lies ahead for Europe’s real estate debt markets.
Dealing with New Circumstances: Events of Recent Years Have Given Rise to Rethinking on Underwriting of Real Estate Investments
Following the weakening of European property markets, investors and managers have come to realise that some of the recent challenges and financial difficulties were also the consequence of poorly-conceived investment strategies, governance and weak alignments of interests between managers and investors. In this article, we will try to explore the situations that created these challenges and explain how the underwriting in non-listed real estate funds has evolved.
A Conversation with Karen Sieracki
Editor Richard Fleming spoke recently with Dr Karen Sieracki, director at KASPAR Associates Ltd in Tunbridge Wells, United Kingdom, about the role of real estate in the investment world of the moment.
Shop to Drop: The Investment Implications of Structural Changes within the Retail Property Sector
Retailing, and retail real estate, is again going through a period of change. In addition to the impact of the recession and extended austerity, retailing is being transformed by the rapid growth of Internet and multichannel shopping.
Steering a Firm Course: Real Estate Investors Should Not Be Deterred by Short-Term Events in China; the Long-Term Story Remains Favourable
Negative news and reports on the Chinese economy have emerged as the world’s growth engine shows signs of decelerating. People have started to question China’s growth pattern, which relies heavily on investment. A more in-depth look at the risks associated with the Chinese economy and the property market demonstrates that much of the perceived risk is, in fact, overstated.
AEW Core Fund Buys Five More UK Properties
UK Core Property Fund, an open-end fund sponsored by AEW UK, has bought an additional five properties for its portfolio.
Foreign Buyers Continue to Eye London Property
A survey of high-net-worth investors has found that London real estate is their top target investment class.
- Henderson, Warburg JV Closes Second Austrian Fund
Invesco Real Estate Buys Two French Retail Assets
Invesco Real Estate has paid €200 million for two separate French retail properties: Alpha Park 2, a newly-built 35,000-square-metre retail park in Les Clayes-sous-Bois, and 144 rue de Rivoli, a 6,750-square-metre mixed-use retail and office property in central Paris.
IPD Global Cities Update: Marked Variations in Performance across Global Real Estate through 2012
IPD has released the mid-year results for global commercial real estate, finding strength in North American markets and continuing bad news for European investors.
- IVG and Garbe Logistik AG Hold First Close
- LGP Secures Consent for UK Development
- Morgan Stanley, Redos Acquire Third Retail Portfolio
- Orchard Street Buys Beehive Centre in Cambridge
- Prologis Sells Industrial Park in Poland to Hines
- RFR Holding Acquires German Property
- Tristan/AEW Europe Fund Sells Frankfurt Karstadt Store
Union Investment Launches Renewable Energy Fund
Union Investment has launched Specialised Investment Fund, which invests in wind farms and gains exposure to photovoltaic plants, primarily in France, Germany and the United Kingdom.
Union Investment Acquires Offices in Vienna
Union Investment Real Estate GmbH, on behalf of its UniImmo: Deutschland open-end real estate fund, has purchased the fully-let Euro Plaza 4 office building located in Vienna.