Latest reports – Page 3357
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Magazine
Through thick and thin
The Australian real estate market is expected to correct substantially in 2009, a development that could be exacerbated by pension funds with heavy allocations rebalancing their portfolios. However, as Lynn Strongin Dodds reports, Australian pension funds will remain firmly committed to the asset class
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Magazine
It takes two
The relationship between UK landlords and tenants has become akinto a customer/service provider dynamic. Liz Peace looks at the impact the recession is having on this evolution, and why negotiation and co-operation is often better than confrontation
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MagazineLessons in debt
Why buy a property when you can purchase the debt behind it? Institutional investors are grappling with this very question and, as Richard Lowe discovers, for many it might pose a real challenge
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MagazineMaking sense of the numbers
Unlike most asset classes, property is a real and tangible asset that investors can touch and feel, a feature that should give comfort to pension fund trustees looking to guarantee present and future payments, says Neil Cable
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MagazineLiquidity rules
Liquid assets can have a beneficial or negative impact on fund performance, depending on the direction of the market cycle. Tim Francis and Mark Long explain how investors can manage their real estate portfolios with this in mind and ask whether derivatives offer new solutions
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MagazineHolding steady
Managing liquidity in open-ended real estate funds will always be a challenge, because often the moment when liquidity is required is precisely when it is absent. But Simon Redman explains how factors like a diversified investor base can help create stability
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MagazineSmoothing rents in rough times
Prupim has answered calls from retailers to allow them to switch from quarterly to monthly rents to free up cash. Supporting tenants in this way makes sense for investors, says John Duxbury
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Magazine
Don’t miss the boat
Are those trying to call the bottom of the real estate market in danger of missing the recovery? David Skinner explains how investors should ‘bridge the trough’ of the market by buying selectively
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MagazineAn unhelpful obsession?
Debate often focuses on when real estate markets will bottom out. But for a large body of investors, struggling with either leverage or portfolio imbalances, the question is largely irrelevant. Even active investors should be looking at how to create investment value in a falling market rather than seeking to ...
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MagazineTrading places
Real estate investors need to get into the mind of the banker to understand why they made some important mistakes in attempting to develop the property derivatives markets, says Jose Luis Pellicer
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MagazineRight on time
Is now the time to embrace property derivatives? Some fund managers avoided the worst of the downturn by hedging the downside risk at the right time. Charles Ostroumoff explains how investors could profit from derivatives in the current market cycle
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MagazineSharing responsibility
The real estate investment industry seems to be playing catch-up with equity markets when it comes to responsible investing. However, as Paul McNamara explains, it is not feasible to simply take successful approaches developed in one asset class and transfer them to another
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MagazineStill on course
Recent repricing in the UK is unprecedented in its severity. But the market has not drifted into uncharted waters, says Andrew Smith
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MagazineOccupational risk
UK real estate is offering attractive opportunities, but investors are right to be wary of the increased risk of tenant failure as the country’s economic recession takes hold. George Tindley explains how to conduct a thorough analysis of tenant risk, via a robust assessment process
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MagazineAll roads lead to Munich
Munich-based Pacific Star Europe is offering European investors global fund of funds solutions and ‘modular’ access to a range of Asian funds managed by its Singapore-based parent company. Richard Lowe speaks to former E.ON Energie and Allianz Real Estate employees Dirk Große Wördemann and Matthias Stürmer about the challenges they ...
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MagazineGoing global, staying neutral
Fraser Hughes and Hans Op‘t Veld provide a step-by-step guide to building a market neutral portfolio of global real estate stocks for investors who want to take advantage of low valuations
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MagazineBehavioural studies
There are some interesting differences and similarities between the behaviour of the French and Spanish listed real estate markets. Béatrice Guedj, Richard Barkham and Ruth Hollies explain what investors should draw from this
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Magazine
Relationships in turmoil
The latest study by EPRA shows the effect of the credit crunch on correlations between listed real estate and other asset classes. Jeff Rupp speaks to Steffen Sebastian about the importance of these trends when looking to diversify multi-asset portfolios
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Magazine
Are we there yet?
Transparency in unlisted real estate funds has improved in recent years. But Volker Wiederrich questions whether, even in today’s difficult investing environment, it has reached a level that meets investors’ requirements
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MagazineTaking to the global stage
Henning Klöppelt highlights the benefits of investing via spezialfonds and looks at why the German vehicle is beginning to hold its own internationally
