All Magazine articles 鈥� Page 93
-
Magazine
No going back
The message from the PREA spring conference is that while recovery is on the horizon, progress will be slow and painful. Although real estate will retain its central role in investment, there will be a return to fundamentals. Stephanie Schwartz-Driver reports
-
MagazineDangerous incisions
Fund managers are under pressure to cut costs in the current climate, but how expendable are client service staff compared with investment staff and analysts? Christine Senior reports
-
MagazineCommitment issues
There is growing evidence that limited partners in real estate funds are seeking to delay capital calls. Richard Lowe explores what this means for alignment of interest and the options investors have when capital commitments cannot be met
-
MagazineRedefining performance
Progress has been made in ensuring alignment of interest, but today鈥檚 downturn is placing strain on existing provisions. What should investors do? Stephanie Schwartz-Driver investigates
-
Magazine
Staying at home
A year ago, PKA was looking to invest in Asian real estate. Today, it is almost exclusively focused on opportunities in its home market. Richard Lowe talks to Nikolaj Stampe about investing in uncertain times
-
MagazineFeeling the squeeze
The denominator effect has caused many investors鈥� level of exposure to real estate to increase artificially and has placed pressure on their liquidity management. Richard Lowe talks to three European pension funds about their experiences
-
Magazine
Waiting and watching
German pension funds are torn between avoiding the risks of real estate investment in the current recession and availing themselves of the rewards that a recovery is likely to bring. Christine Senior reports
-
-
Magazine
After the storm
Austrian investors remain cautious when it comes to re-investing their money into any asset class, including real estate. But some see opportunities arising from the crisis and hope it served as a 鈥榗leansing thunderstorm鈥�. Barbara Ottawa reports
-
MagazineHome truths
Their slow, steady investment strategies and high weighting to domestic assets, means most Swiss pension funds are not venturing outside their home market in current downturn. However, the gradual move to global diversification is by no means off the cards in the long term. Lynn Strongin Dodds reports
-
MagazineStill hungry
There is still substantial appetite among Nordic pension funds for non-listed real estate investments, according to a new survey by Lymos BV Real Estate Capital Advisors. Mari毛tte Meulman explores the report鈥檚 findings
-
Magazine
Through thick and thin
The Australian real estate market is expected to correct substantially in 2009, a development that could be exacerbated by pension funds with heavy allocations rebalancing their portfolios. However, as Lynn Strongin Dodds reports, Australian pension funds will remain firmly committed to the asset class
-
Magazine
It takes two
The relationship between UK landlords and tenants has become akinto a customer/service provider dynamic. Liz Peace looks at the impact the recession is having on this evolution, and why negotiation and co-operation is often better than confrontation
-
MagazineLessons in debt
Why buy a property when you can purchase the debt behind it? Institutional investors are grappling with this very question and, as Richard Lowe discovers, for many it might pose a real challenge
-
MagazineMaking sense of the numbers
Unlike most asset classes, property is a real and tangible asset that investors can touch and feel, a feature that should give comfort to pension fund trustees looking to guarantee present and future payments, says Neil Cable
-
MagazineLiquidity rules
Liquid assets can have a beneficial or negative impact on fund performance, depending on the direction of the market cycle. Tim Francis and Mark Long explain how investors can manage their real estate portfolios with this in mind and ask whether derivatives offer new solutions
-
MagazineHolding steady
Managing liquidity in open-ended real estate funds will always be a challenge, because often the moment when liquidity is required is precisely when it is absent. But Simon Redman explains how factors like a diversified investor base can help create stability
-
MagazineSmoothing rents in rough times
Prupim has answered calls from retailers to allow them to switch from quarterly to monthly rents to free up cash. Supporting tenants in this way makes sense for investors, says John Duxbury
-
Magazine
Don鈥檛 miss the boat
Are those trying to call the bottom of the real estate market in danger of missing the recovery? David Skinner explains how investors should 鈥榖ridge the trough鈥� of the market by buying selectively
-
MagazineAn unhelpful obsession?
Debate often focuses on when real estate markets will bottom out. But for a large body of investors, struggling with either leverage or portfolio imbalances, the question is largely irrelevant. Even active investors should be looking at how to create investment value in a falling market rather than seeking to ...
