All Real Assets articles in September 2011 (Magazine) – Page 2

  • Extracting the truth
    Magazine

    Extracting the truth

    September 2011 (Magazine)

    Did the varying behaviour of European real estate markets since the onset of the crisis have as much to do with approaches to valuation as underlying property fundamentals? Ian Cullen looks at some of the latest IPD research for an answer

  • Magazine

    In the driving seat

    September 2011 (Magazine)

    Solvency II and demand for secure income are making France’s institutional investor community a driving force behind the French real estate recovery. Gail Moss reports

  • Magazine

    German vehicles drive on

    September 2011 (Magazine)

    Spezialfonds continue to grow in popularity as German institutional investors target property from Berlin to Warsaw. Shayla Walmsley reports

  • Magazine

    Drawing a line in the sand

    September 2011 (Magazine)

    The economic division that has emerged between northern and southern Europe is filtering through to property markets. Pirkko Juntunen explores what this polarisation means for investors

  • Disproportional representation
    Magazine

    Disproportional representation

    September 2011 (Magazine)

    The German listed sector is small relative to the underlying property market. Alex Moss and Fraser Hughes look at whether this is likely to change soon

  • The hidden risk dimension
    Magazine

    The hidden risk dimension

    September 2011 (Magazine)

    Investors have the tools to assess the investment and financial risks relating to listed real estate, but operational risk remains opaque. Dirk Brounen and Wendy Verschoor explore the implications this has for accurate pricing

  • Magazine

    Gateway departure?

    September 2011 (Magazine)

    Domestic and foreign institutional investors have been piling in to prime property in gateway cities. But, as Nangyal Tsering reports, question marks hang over secondary markets as the economic future remains unclear

  • Magazine

    Revealing the true cost

    September 2011 (Magazine)

    ANREV has produced its first ever study on fund management fees as it seeks to improve transparency in the region. Clara Lee reports

  • Magazine

    The core conundrum

    September 2011 (Magazine)

    A widespread flight to quality has seen core real estate markets re-price significantly. Does this mean investors should move up the risk curve, into secondary assets and locations? There are no easy answers, Shayla Walmsley finds

  • Magazine

    OPERF retains control in Prologis deal

    September 2011 (Magazine)

    What looked at first like a straightforward fund investment turned out to be the mother of all contracts, complete with multiple caveats, opt-ins and get-outs. The recommendation document, presented to the Oregon Investment Council (OIC) for a “strategic partnership” between the $59bn (€41.6bn) Oregon Public Employees Retirement Fund (OPERF) and ...

  • Magazine

    Popularity contest

    September 2011 (Magazine)

    Core domestic property – and infrastructure – is in high demand among Belgian institutional investors, but they are facing the problem of increasingly low yields as a result. Gail Moss reports

  • Magazine

    Global price comparison

    September 2011 (Magazine)

    With ANREV’s fees study completed, an international comparison is possible with data from INREV, PREA and ANREV. Lonneke Löwik reports

  • Magazine

    The case for the defence

    September 2011 (Magazine)

    Recent research has seriously questioned the notion that real estate is an effective hedge against inflation. Joe Valente says such arguments are missing the point

  • Magazine

    Keep calm and carry on

    September 2011 (Magazine)

    The sovereign debt crisis in the euro-zone has imposed a new phase of uncertainty on the European real estate markets. Justin O’Connor looks at how investors should respond

  • Magazine

    Why Europeans are buying and Canadians selling

    September 2011 (Magazine)

    Investment activity in the European hotel sector has picked up substantially, as evidenced by AXA Real Estate Investment Managers’ recent €132.9m portfolio acquisition for French institutions. But only a month prior, the Quebec state pension fund sold its near-50% interests in five Westin hotels as part of a tactical shift ...

  • Magazine

    Can CalPERS replicate Brazilian success?

    September 2011 (Magazine)

    The announcement that CalPERS and sustainability specialist developer Hines had recouped $160m (€111m) from the sale of their multi-asset, multi-city Brazilian real estate fund does not mark a vote of no-confidence in the BRIC market. Far from it.

  • Magazine

    Biting the bullet

    September 2011 (Magazine)

    After years of much talk and little action, there appears to be some real movement in real estate refinancing and bank deleveraging. Ari Danielsson says the early evidence suggests there is no one-size-fits-all approach

  • Magazine

    Ground leases attract UK pension money

    September 2011 (Magazine)

    Returns are steady rather than stellar. But with characteristics that allow for liability-matching, inflation-hedging and a low-risk profile, it is not hard to see why pension funds might want to buy into ground rent funds.

  • Magazine

    Systemic risk endangers Asian tiger

    September 2011 (Magazine)

    Economist-gurus Nouriel Roubini and Gary Shilling, predictors of an eventual, property-induced hard landing for the Chinese economy, have been joined by ratings agency Fitch, which recently raised the possibility of systemic spread.

  • Magazine

    London’s enduring appeal

    September 2011 (Magazine)

    The London office sector has been one of the main focal points over the past two years for global investors. Are there still opportunities? Yes, according to Mervyn Howard and Scott Rowland