All Magazine articles – Page 97
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Building commitment
In spite of the downturn, Swedish investors are increasing real estate allocations. But the focus is still domestic, finds Lynn Strongin Dodds
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Back to basics
The Norwegian Government Pension Fund’s real estate investment is a bright spot in a landscape where most institutions are scaling back their ambitions. Lynn Strongin Dodds reports
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Vote of confidence
German insurance companies and pension funds plan further expansion of their real estate portfolios, says Alexander Kähler
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Take us to your leaders
This time last year protectionists were slating opaque sovereign wealth funds’ designs on ‘strategic’ infrastructure. Now the question is whether they can still woo these super-liquid investors into pricey property markets. Shayla Walmsley reports
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Dans l’intérêt commun
The French Real Estate Association represents its growing international membership across a range of issues and the agenda for the future is packed, as the association’s chairman, Jean-Paul Dumortier reports
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Riding through the storm
Recent months have illustrated the unpredictability of the real estate investment markets. William Hill tells Richard Lowe how Schroder Property dealt with the turmoil of 2007-08 in the UK and is now looking to take advantage of the recovery when it comes
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Breadth of potential
Diversification, return enhancement and liability matching are three good reasons why investors should consider property as a key component of their portfolio construction, as Richard Cooper reports
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Flight risk
Economic crisis has not changed pension scheme approaches to risk, but it has increased property portfolio managers’ scrutiny of funds’ risk controls, Shayla Walmsley finds
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Reap what you sow
Although far from straightforward, global diversification can result in exposure to higher GDP growth combined with lower volatility, argue Thomas Au, Simon Redman, Kim Politzer and Mark Roberts
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Measured approach
In times of uncertainty, when volatility abounds, an understanding of risk is essential equipment in the hunt for returns, says Tony Doherty
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Scope narrows
The current market conditions have undermined real estate’s status as a hedge against inflation, but some useful strategies can still be found, as Lynn Strongin Dodds reports
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Inflation control
Investors must focus on income and indexation to maintain real estate’s inflation hedging role in their portfolios. They must also note that its hedging potential is not universal, as Ulrich Braun reports
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Incomes and outcomes
As the outlook for rental growth from commercial UK real estate weakens so the income component of investors’ portfolio return increases in importance, as Malcolm Frodsham explains
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It all comes down to relationships
A focus on good tenant relations drives alpha. This might seem obvious enough, yet not all industry players are realising its potential as a competitive differentiator, say Howard Morgan and Paul Mitchell
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It takes two to tango
Do not forget supply as a driver of real estate returns. If you like the look of a market make sure you know its planning regime and the associated risks, says Paul Cheshire
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Exchange and market
When hedging we must understand that the contribution of currency market fluctuations to return volatility varies significantly by location. Colin Butkus and Michael Hakim report
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More haste,less speed
Development activity has slowed as liquidity has dried up. But for those that continue to invest at this end of the spectrum assessing risks has never been more important, says Daniel Henn
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Meet me in the middle
The liquidity crisis has opened a window of opportunity in mezzanine debt where investors can get equity-style returns without taking equity-style risk, as Adam Calman reports
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Market wrongs and EU REITs
Is it time to give up on a pan-European REIT? Shayla Walmsley considers the arguments
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Desperately seeking meaning
The events of October took everyone by surprise, showing that you cannot rely on experience or intuition in this market. Stephanie Schwartz Driver looks for some pointers