All Magazine articles – Page 96
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Magazine
Cranking the levers of power
Capital constraints and the massive demand for loan refinancing are likely to cause substantial defaults in the US and Europe, as Anish Shah and Clint Myers report
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Take control
Recent market turmoil highlights the need to track the market and act quickly and efficiently on market expectations, says Jose Luis Pellicer
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Consistency inspires confidence
Transparency facilitates a market’s return to equilibrium, which is why the internationally agreed valuation standard must be applied globally, as Luay Al-Khatib reports
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The big picture
Given the illiquidity of private real estate, investors are increasingly recognising the importance of REITs. However, for a meaningful REIT allocation investors must understand the composition of their multi-asset portfolios. Stephen Lee reports
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Magazine
Beyond the Square Mile
Investors claim to be peering at the bottom of the London property market. Some are already looking for sane prices for sparse assets – and they include pension funds as well as opportunists. Shayla Walmsley reports
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Best of both worlds
Robert Steers co-founded one of the most pioneering listed real estate management companies with Martin Cohen in the 1980s. Today, he is advocating the creation of global property portfolios that blend both listed and non-listed. Richard Lowe reports
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And the award for best governance goes to...?
There is still much room for improvement in the governance of listed real estate companies. With low investor confidence, expect the market turmoil to drive progress. Christine Senior reports
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Funds apply the brakes
A reluctance to commit capital to new real estate investments today can be seen in the number of US pension funds delaying manager searches. Jon Peterson reports
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Magazine
Limited ambition
In Italy real estate is out of favour among institutional investors. The older-established funds are reducing their allocations and the new-style funds have limited opportunities to invest in property. Christine Senior reports
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All aboard the transatlantic ship
A once-in-a-lifetime opportunity or a potential minefield of uncertainty? Richard Lowe talks to both European investors and advisers on the ground about distressed opportunities in the US
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New optimism
Despite the recession, investors still see the US as providing the most stable and secure investments.Buoyed by some recovery in lending, cross-border investment into the country looks set to increase sharply, as James Fetgatter reports
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Dry and dry again
The massive injections of cash into the financial system have not brought forward a recovery in commercial real estate markets, as Lynn Strongin Dodds reports
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Magazine
Pay and display
Do current policies for the remuneration of executive directors of listed property companies deliver value for shareholders? In many cases more transparency and accountability is required, says Phineas Glover
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Do your homework
Real estate poses pension funds with varying challenges. Trustees may start with a good knowledge base compared with other asset classes, while overseas markets call for investors with more external expertise. Richard Lowe talks to three funds
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Time to shine
The real estate philosophy at AMF Pension is more about concentration than diversification. And with a price correction coming to Sweden, now could be a prime time for equity-rich local investors, Mats Hederos tells Richard Lowe
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Magazine
Know your limits
The level of governance resources at pension funds is one of the leading drivers behind how they approach real estate investments. Richard Lowe talks to schemes about their experiences
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Magazine
Stand firm
A new survey by the Pensions Management Institute and Prupim offers some good news – UK pension funds are sticking with real estate despite the turmoil in their home market. But as Richard Lowe discovers, more surprising is what they want to see from their investment managers
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Magazine
Unlikely winner
Iceland’s pension funds aren’t in the front line of the crisis but some investments are in grave danger now. Those seeking a safe haven may allocate more to what is tangible – and understandable. Cue real estate. Gail Moss reports
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Caution and creativity
In these pressured times Danish pension funds need to do more to convince their boards of the case for real estate investment, Gail Moss finds
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Cool Finns unfazed
Allocations are edging upwards in spite of the turmoil. The introduction in Finland of REITs, scheduled for next year, may boost prospects, as Gail Moss reports