All Real Assets articles in July 2007 (Magazine)
View all stories from this issue.
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MagazineProperty derivatives and the hedging fallacy
Property derivatives have been promoted as a revolutionary tool for real estate portfolio risk management. Frédéric Ducoulombier argues that this is a misguided approach that obscures the key benefits of these instruments.
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Europe rides the CMBS wave
The crisis in the US sub-prime sector has given the whole industry a jolt, but Europe has not been affected. Lynn Strongin Dodds reports
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MagazineMarket view: fundamentally speaking
To obtain their exposure to real estate, Australian pension funds prefer listed property securities. In fact, just under three-quarters of all real estate exposure by Australian pension funds is obtained by investing in real estate investment trusts (REITs) or listed property companies.
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MagazineSub-prime wake-up call instils discipline
A strong real estate market and a tightening of loan criteria have brought new optimism, coupled with new conservatism, Stephanie Schwartz-Driver finds
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MagazineClear vision required
The Asia juggernaut is building momentum but don’t be blinded by the headlights. This was a key message that came out of the recent REIW Asia conference in Singapore Martin Hurst reports
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MagazineInspiring views
Global investment was a strong theme at this year’s IPD European property investment conference, alongside the central need for more and better information. Martin Hurst reports
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MagazineUK residential unlocked
A huge pool of potential investment could become accessible for the first time through the application of financial tools honed in the capital markets, as Steve Hays reports
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MagazineSitting on a tax break
SICAVs have long been the investible UCITs structure of choice for property fund managers. Now some pension funds are finding a new use for them. Shayla Walmsley reports
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MagazineThe long and short of it
REITs have very specific characteristics that place them in a class apart from other forms of real estate investing, as Steve Smith explains
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Magazine
Consensus building
EPRA sees a global real estate coalition emerging over accounting rules, as Steve Hays reports
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MagazineCrossing the divide
Raymond Satumalaij left Blue Sky, where he was responsible for the real estate portfolio, in May this year to join Bouwfonds Asset Management, a subsidiary of the real estate arm of Rabobank.
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MagazineDegrees of influence
Rockspring PIM was established in 2004 through a management buy-out of Prudential PIM from Prudential Financial.
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MagazineTaking on primary importance
As Asia’s major centres struggle to meet the surge in investor demand the focus is moving to a vast tier of lesser ‘secondary’ giants where huge potential combines with significant challenges. Paul Benjamin reports
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Magazine
Responsiveness is key
Timothy Bellman and Shane Taylor focus on four of Asia’s major office markets and stress that selection based on low supply elasticity will be crucial in minimising future risk
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MagazineThe great maze of opportunity
The boom in REITs and the surge in foreign investment have boosted liquidity and transparency but good quality investments are still hard to find. Richard Newell explains
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MagazineWhat’s bred in the bone
Hard’ factors such as regulation and liquidity only partly define the contours of real estate markets. The cultural stuff can be harder to negotiate. Shayla Walmsley reports
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MagazineService provision plays catch-up
A surge in interest in German real estate raises the stakes for investors. Christian Schulz-Wulkow reports
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MagazineEnable transparency
Questions have been raised about the quality of IPD’s German data. Their man on the ground, Daniel Piazolo, explains the challenges of establishing a property market index in Germany
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MagazineHome advantage
Despite its initial aim to encourage foreign investment the German government’s new tax legislation now appears to discriminate against foreign funds investing in Germany, as Uwe Stoschek, Sven Behrends and Christina Foth explain
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MagazineGoing with the flow
Over the last three years the German real estate sector has grown closer than ever to the capital markets and the trend is set to continue, as Claudio Lagemann reports
