All Real Assets articles in September 2009 (Magazine) – Page 2

  • A lesson in pragmatism
    Magazine

    A lesson in pragmatism

    September 2009 (Magazine)

    Breadth of vision and forward thinking are essential components of risk management, as is a sensible workplan. Stephen Ryan reports

  • Driver or passenger?
    Magazine

    Driver or passenger?

    September 2009 (Magazine)

    Managers talk of outperformance but how do investors identify whether this is the result of genuine skill rather than pure market exposure? Andrew Baum and Kieran Farrelly report

  • Applying the breaks
    Magazine

    Applying the breaks

    September 2009 (Magazine)

    Tenants are using the new buyer’s market to their advantage; landlords focus on renewing existing leases. Andy Martin and Malcolm Frodsham report

  • That empty feeling
    Magazine

    That empty feeling

    September 2009 (Magazine)

    The last thing investors in property want is a vacant building. In times like this, when the risk is high, leasing agents need to focus on maintaining the income stream. Flexibility and creativity are crucial, says Howard Morgan

  • Life blood
    Magazine

    Life blood

    September 2009 (Magazine)

    Given the dominance of income in the return equation it is surprising that so few resources have been devoted to the analysis of tenant default risk, says Matthew Richardson

  • The cost of negligence
    Magazine

    The cost of negligence

    September 2009 (Magazine)

    Such was the rush to place capital during the boom that due diligence was in some cases too superficial or even disregarded altogether. Some investors now wishing to sell are finding costly defects in their portfolios. Paul Spaven reports

  • One size does not fit all
    Magazine

    One size does not fit all

    September 2009 (Magazine)

    In today’s tough retail climate, a flexible approach with tenants can minimise the void rate and deliver long-term value. But each case must be rigorously assessed. Helen Gordon reports

  • Crisis management
    Magazine

    Crisis management

    September 2009 (Magazine)

    INREV’s debt study shows most concern about 2006 and 2007 fund vintages with respondents aiming for less debt reliance. Dasha Kruchkoff reports

  • Long-term vision
    Magazine

    Long-term vision

    September 2009 (Magazine)

    The deleveraging of property funds has been advocated but it is difficult to achieve in practice. The benefits of gearing are clear but managers need to be more strategic and selective in its use, as Andrew Smith explains

  • Lateral thinking
    Magazine

    Lateral thinking

    September 2009 (Magazine)

    The benefits of leverage are clear, but given property’s changing risk profile how much is appropriate and for how long? Kiran Patel reports

  • Primary importance
    Magazine

    Primary importance

    September 2009 (Magazine)

    In the pursuit of a more liquid market there are calls for a more organised secondary market says a new INREV survey, presented here by Sheta Patel

  • Magazine

    Return to excess?

    September 2009 (Magazine)

    After historically low risk premia in UK real estate, it is now at its highest level since the early 2000s. But is this overly cautious, asks Paul Mitchell

  • Real estate gets nimble
    Magazine

    Real estate gets nimble

    September 2009 (Magazine)

    Volatility presents tactical opportunities to gain from trading into and out of different forms of real estate investment depending on their position in the cycle; often benefits can outweigh liquidity considerations. Greg Wright reports

  • Go further
    Magazine

    Go further

    September 2009 (Magazine)

    The engagement of the broader investment community is ever more essential to forecasting in today’s uncertain market conditions. Henri Vuong and Ruth Hollies repo

  • Gold blend
    Magazine

    Gold blend

    September 2009 (Magazine)

    The use of listed alongside non-listed real estate can create considerable benefits for the investor, especially in the current climate, says Brad Case

  • Carefully does it is the real estate order for Germany
    Magazine

    Carefully does it is the real estate order for Germany

    September 2009 (Magazine)

    Risk, control and manager service levels top the agenda in Germany, discovers Martin Hurst.

  • Magazine

    Pass the Duchy – but stop for a SICAV

    September 2009 (Magazine)

    New funds are opting for the Luxembourg SICAV structure to source scarce liquidity Shayla Walmsley reports

  • Surge on hold
    Magazine

    Surge on hold

    September 2009 (Magazine)

    A new survey shows that commitment to Asia is set to increase, particularly in China, and that a local manager is critical. Dasha Kruchkoff reports

  • Jump through government hoops
    Magazine

    Jump through government hoops

    September 2009 (Magazine)

    In spite of a recent wobble in China’s stellar statistics, transaction volumes are increasing and the end of the year may present good opportunities. First, foreign investors must negotiate the obstacle course that is the government approval process, as Paul Benjamin reports

  • Lessons from history
    Magazine

    Lessons from history

    September 2009 (Magazine)

    There is great diversity in the long-term growth trends of European markets. Understanding historical trends is crucial in determining future growth trends and pricing levels, as Petra Blazkova reports