Institutional Real Estate Europe
June 1, 2014: Vol. 8, Number 6Buy For $195.00 Add to Cart
A mixed blessing: What are Asia's real estate investors bringing to the European party?
With prime yields in a number of Asia Pacific markets running at 10-year lows, together with relaxed regulation governing outward investment, Europe’s gateway cities are flavour of the month for Asian institutional investors.
Famine or feast: The return of cheap debt, but for how long?
The days of easy credit have returned to Europe’s stabilised real estate markets at a pace that would have seemed improbable just two years ago when the market was still gripped by the notion of a structural undersupply.
The right blend: Both listed and unlisted real estate have roles to play in multi-asset defined contribution pension funds
Recent evidence identifies that there has been a reluctance by a number of UK and European institutions to incorporate listed real estate into their real estate allocations. This is despite the significant body of work undertaken by both practitioners and academics on the beneficial impact of adding listed real estate to a portfolio.
A smart revival: Estonia, Latvia and Lithuania, the "Baltic Tigers", are climbing back from economic lows
The investment climate on the Baltic property market remains favourable, although the focus has shifted from Estonia toward Latvia and Lithuania.
Danger signals: Some European shopping centre markets are starting to look risky
It is not always possible to separate economics and politics, and it may be a difficult time for some European shopping centre developers and investors.
Music to the ears: Unlisted real estate funds have many virtues, usually
INREV contracted with PFR to test several hypotheses often associated with unlisted funds. These are statements that everyone seems to believe, but it’s hard to find the data to support them.
Poland: Seeing plenty of action
Poland continues to be the leading investment market in central and eastern Europe, and the country saw a strong start to the year in the first quarter.
Danish pension funds hire AXA to manage debt vehicle
A group of five Danish pension funds has appointed AXA Real Estate Investment Managers to manage a new €485 million commercial real estate debt vehicle.
Fundraising round-up: Second quarter keeps up the pace
European property funds followed up an active first quarter by continuing to raise capital in the second quarter.
INREV updates guidelines to meet information demand
The larger demand for information post–global financial crisis has now seen INREV revise the INREV guidelines that give investors and managers of non-listed real estate vehicles an integrated set of principles, guidance and recommendations for governance and information provision.
Loan sales estimate raised upward
Cushman & Wakefield’s corporate finance team has raised its estimate for closed commercial real estate and real estate–owned loan sale volumes for 2014 from €40 billion to €50 billion.
Market Focus: Utrecht, the Netherlands
Due to its easy accessibility and boasting the most highly educated workforce in the Netherlands, Utrecht is one of the most important economic centres in the country.