All Magazine articles 鈥� Page 90
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Magazine...but fog on the journey
Universal standards are key if investors are to make headway in greening their portfolios, says Steve Smith
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MagazineHow open is open?
Open ended funds are available in a variety of flavours depending on your need for liquidity relative to your need for real estate returns. In future funds must build in the capacity to withstand mass redemptions, as Robin Goodchild reports
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Magazine
Surprise winner out of the turmoil?
Despite dramatic falls in real estate markets the case for the asset class remains strong, with investor attention focused on how they gain access to real estate. Property derivatives have emerged as a strong contender say Daragh McDevitt, Pretty Sagoo and Peter Hobbs
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Magazine
In catch-up mode
Risk management was sometimes disregarded during the feeding frenzy of the boom years; today debt, liquidity and tenant risk are in sharp focus. Christine Senior reports
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MagazineA lesson in pragmatism
Breadth of vision and forward thinking are essential components of risk management, as is a sensible workplan. Stephen Ryan reports
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MagazineDriver or passenger?
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
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MagazineApplying the breaks
Tenants are using the new buyer鈥檚 market to their advantage; landlords focus on renewing existing leases. Andy Martin and Malcolm Frodsham report
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MagazineThat empty feeling
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
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MagazineLife blood
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
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MagazineThe cost of negligence
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
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MagazineOne size does not fit all
In today鈥檚 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
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MagazineCrisis management
INREV鈥檚 debt study shows most concern about 2006 and 2007 fund vintages with respondents aiming for less debt reliance. Dasha Kruchkoff reports
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MagazineLong-term vision
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
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MagazineLateral thinking
The benefits of leverage are clear, but given property鈥檚 changing risk profile how much is appropriate and for how long? Kiran Patel reports
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MagazinePrimary importance
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
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Magazine
Return to excess?
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
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MagazineReal estate gets nimble
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
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MagazineGo further
The engagement of the broader investment community is ever more essential to forecasting in today鈥檚 uncertain market conditions. Henri Vuong and Ruth Hollies repo
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MagazineGold blend
The use of listed alongside non-listed real estate can create considerable benefits for the investor, especially in the current climate, says Brad Case
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MagazineCarefully does it is the real estate order for Germany
Risk, control and manager service levels top the agenda in Germany, discovers Martin Hurst.
