All Magazine articles – Page 87
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Magazine
Focus and discipline
IPE Real Estate asked real estate fund managers and fund of funds managers for their view of the most important lessons to come out of the credit crisis and the main challenges that lie ahead. Here are their responses
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Magazine
Taking stock
During the crisis leverage, liquidity and asset allocation have provided key lessons for pension funds. The main challenges include transparency, asset management and portfolio reconfiguration. Richard Lowe spoke to six pension funds about their thoughts as the end of the decade approaches.
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Magazine
Change of perception
For VBV’s Günther Schiendl the economic crisis has changed the real estate landscape. No longer can it be considered to be the stable, long-term source of liquidity it once was. In addition to greater liquidity risk comes the hard lesson that the reality can be more dramatic than the worst-case ...
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Magazine
Domestic bliss
As the economy improves, Swedish pension funds are renewing their search for quality investment products at home, says Gail Moss
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Magazine
Fortress Norway
Although relatively resilient, Norway has been unable to avoid an overheating property market. And now the country’s biggest investor is about to test the water, as Gail Moss reports
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Magazine
Safe as houses
Domestic real estate is still the safe option for Finnish investors. But they are beginning to look overseas for further core, growth and opportunistic investments, says Gail Moss
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Magazine
New interest
The rebound in equities means Danish investors are now underweight in real estate and looking to rebalance with new allocations. Gail Moss reports
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Magazine
Feeling better – slowly
Some Icelandic investors are looking to real estate to help them improve performance, but in the wake of the country’s financial collapse prospects are limited. Gail Moss reports
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Magazine
Brightening outlook
The latest PRUPIM/PMI survey indicates that pensions funds are keeping faith with commercial real estate, while a back-to-basics approach will be used by those increasing their allocations over the next three years, says Paul McNamara
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Magazine
Streamline the process
Vendor surveys have the potential to benefit both sellers and buyers by smoothing and speeding up the property transaction process as well as avoiding sale collapses, says Paul Spaven
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Magazine
Premature optimism
At his first EXPO Real as CEO of AEW Europe, which he joined in March after 15 years with Axa REIM, Christian Delaire takes the upbeat sentiment with a pinch of salt, as he explains to Martin Hurst
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Magazine
Supporting role
As debt gets harder to come by and managers face the prospect of refinancing their loans, a multitude of factors may come into play – not least the state of your current banking relationship. Christine Senior reports
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Magazine
Left out in the cold...?
Will private equity and opportunity funds be frozen out as the banks begin to unlock credit and become more choosy about who they chose to team up? Dean Hodcroft reports
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Magazine
You were warned
There were clear signs of an approaching crash. Were they ignored and, if so, why? Andrew Baum reflects
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Magazine
Hold out for the upturn
A year ago the fear was that a glut of distressed sales would drive down prices. But now the opposite seems true as too much money goes after too few prime opportunities and banks hold on to their assets. Christine Senior reports
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Magazine
Waiting to hit a low
For those waiting for a 1990s-style fire sale of distressed assets, do not hold your breath. This time things are different, says Lee Menifee
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Magazine
The right indirect road
Property debt funds offer useful indirect exposure to real estate. But investors must choose the fund type carefully to get the right mix of real estate and interest rate risk, says Rob Bingen
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Magazine
Signs of life
Lending is returning and CMBS has awoken but for the short term equity rules, says Thierry Leleu
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Magazine
Have your cake and eat it
You can hedge inflation without giving up so much of the excess return available on riskier assets. David Hunter and Alistair Calvert report
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Magazine
Complex substance – handle with care
Treaty shoppers are encountering increasing counter-measures. Bart Kruijssen sets out the key issues to be aware of.