All articles by Richard Lowe – Page 95
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MagazineTake stock
The state pension fund of Finland is aiming to grow its real estate exposure over the coming years. But managing director Timo Löyttyniemi tells Richard Lowe how the current market uncertainty has prompted VER to review its existing investments
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MagazinePriceless property
As transactional data has almost entirely dried up, the true market value of real estate is shrouded in uncertainty. Richard Lowe speaks to three pension funds about what this means for their existing portfolios and investment strategies
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MagazineNo room to manoeuvre
Evidence suggests that pension funds remain committed to real estate in the medium term despite the recent turmoil in the markets. Yet, in the short term many are finding it difficult to commit to new investments as the denominator effect takes hold. Richard Lowe reports
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MagazineFreeze frame
Valuers continue to seek to reflect market sentiment in the face of transactional inactivity. But how realistic is it provide a snapshot of a property’s value when, effectively, there is no market? Richard Lowe investigates
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MagazineBest of both worlds
Robert Steers co-founded one of the most pioneering listed real estate management companies with Martin Cohen in the 1980s. Today, he is advocating the creation of global property portfolios that blend both listed and non-listed. Richard Lowe reports
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MagazineAll aboard the transatlantic ship
A once-in-a-lifetime opportunity or a potential minefield of uncertainty? Richard Lowe talks to both European investors and advisers on the ground about distressed opportunities in the US
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News
Capital calls face defaults and delays
A number of real estate fund investors are defaulting on capital calls or asking fund managers to delay them as they look to rebalance portfolios and generate liquidity.
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MagazineDo your homework
Real estate poses pension funds with varying challenges. Trustees may start with a good knowledge base compared with other asset classes, while overseas markets call for investors with more external expertise. Richard Lowe talks to three funds
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MagazineTime to shine
The real estate philosophy at AMF Pension is more about concentration than diversification. And with a price correction coming to Sweden, now could be a prime time for equity-rich local investors, Mats Hederos tells Richard Lowe
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MagazineKnow your limits
The level of governance resources at pension funds is one of the leading drivers behind how they approach real estate investments. Richard Lowe talks to schemes about their experiences
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MagazineStand firm
A new survey by the Pensions Management Institute and Prupim offers some good news – UK pension funds are sticking with real estate despite the turmoil in their home market. But as Richard Lowe discovers, more surprising is what they want to see from their investment managers
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MagazineRiding through the storm
Recent months have illustrated the unpredictability of the real estate investment markets. William Hill tells Richard Lowe how Schroder Property dealt with the turmoil of 2007-08 in the UK and is now looking to take advantage of the recovery when it comes
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MagazineThe price is right?
The fund of funds sector is growing and attracting a wider range of investors. But, as Richard Lowe discovers, the issue of cost and how this affects performance concerns pension funds
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MagazineBaby boomer or enfant terrible?
Infrastructure is still a young asset class, but it has the potential to grow bigger than private equity or even real estate. First, though, it must attract sceptical investors Richard Lowe reports
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MagazineFilling the void
The absence of an unlisted index has been one of the biggest obstacles for institutions wishing to invest in infrastructure. But this will not be the case for very long, says Richard Lowe
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Magazine
Crisis of confidence
The Pension Fund Real Estate Association’s 18th Annual Plan Sponsor Conference, held in Chicago, could not have taken place at a more uncertain time. Richard Lowe reports from what felt like the eye of the storm
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Magazine
In perspective
Understanding the unpredictability of the future is as important as learning from the past when facing global market upheaval. This was one of the messages at this year’s annual EPRA conference.
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News
Sustainable leases get the green light
UK – The first clear framework to help landlords and occupiers increase the environmental performance of existing buildings has been published, claims the UK’s Better Building Partnership (BBP).
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MagazineTime to apply the brakes?
Fund launches and equity raises continued at a fair pace in the third quarter of 2008, but investors may now be holding back until more certainty returns, as Richard Lowe reports
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News
US managers begin switch from deals to strategy
UNITED STATES - US real estate investment managers are shifting their focus away from deal-specific research to strategic portfolio analysis, more in line with their European counterparts, as a side effect of the current market uncertainty, according to the International Property Databank (IPD).
