Content (65)

  • 2021 European Annual Outlook After The Storm

    White papers

    2021 European Annual Outlook After The Storm

    2020-11-17T10:58:00Z

    Little could we have expected that last year’s Outlook theme “calm before the storm” would have come alive in the way it has. Since early 2020, Covid-19 has unleashed a storm of news flow and market sentiment. With the pandemic showing a post-summer resurgence in cases, many European governments have recently announced the expected second round lock downs.

  • 2021 outlook - AEW foresees compelling opportunities emerging after current storm

    White papers

    2021 outlook: AEW foresees compelling opportunities emerging after current storm

    2020-11-17T10:50:00Z

    In its 2021 European real estate outlook, “After the Storm” AEW explores how investors can best navigate out of the current crisis. Despite the recent news of a potential vaccine, 2021 looks to be a year characterised by a slow recovery hindered by both COVID-19’s impact on the wider economy together with the latent existing headwinds of unresolved trade frictions and political uncertainties.

  • AEW Research Flash Report - September 2020

    White papers

    AEW Research Flash Report - September 2020

    2020-09-30T10:16:00Z

    COVID-19 related capital value declines combined with more conservative lending will lead to refinancing problems in the coming years, despite moderate pre COVID-19 loan-to-value (LTV) levels compared to the global financial crisis (GFC).

  • AEW Research Flash Report - July 2020

    White papers

    AEW Research Flash Report - July 2020

    2020-07-30T10:06:00Z

    As a result of the Covid-19 pandemic, occupiers are reassessing their needs for office space as working from home has been implemented. On the back of the 2020 GDP decline, we forecast prime office rents to come down by nearly 10% this year. So far, in 2020 Q2 take-up is down over 20% and vacancy has ticked up by 20 bps from a record low of 5.4% in Q1 2020.

  • AEW Research Flash Report - June 2020

    White papers

    AEW Research Flash Report - June 2020

    2020-06-25T09:55:00Z

    In this fifth update since the onset of the Covid-19 pandemic, we define a new base case scenario by being more precise about our cash shortfall and yield widening assumptions for individual markets and quantify both short and long-term return implications across more individual markets.

  • AEW Research Flash Report - May 2020

    White papers

    AEW Research Flash Report - May 2020

    2020-05-28T14:33:00Z

    In this fourth update since the onset of the Covid-19 crisis, we update and combine some of our initial thoughts about the impact of the lockdowns and expected restrictions going forward.

  • AEW Research Flash Report

    White papers

    AEW Research Flash Report - April 2020

    2020-04-30T14:28:00Z

    Not All Lower For Longer Created Equal

  • Covid-19 Special Update - Logistics & Offices Resilient

    White papers

    Covid-19 Special Update: Logistics & Offices Resilient

    2020-04-08T14:24:00Z

    As economists adjusted their economic growth forecasts down, it seems inevitable that most leading European economies will enter recession in 2020. To place the current uncertain situation in a relative context, we present three different scenarios:

  • European Research Flash Report

    White papers

    European Research Flash Report

    2020-03-18T14:20:00Z

    Global economic growth expectations for 2020 have been adjusted significantly downwards amid the spreading of the COVID- 19 virus and oil price decline. Based on this, at least some leading European economies are expected to go into recession in 2020. But, in contrast to the GFC, the current event-driven crisis could prove temporary as economic fundamentals were strong at its outset, possibly signalling a V-shaped recovery.

  • Managing & Pricing Climate Risk February 2020

    White papers

    Managing & Pricing Climate Risk February 2020

    2020-02-17T10:16:00Z

    As real estate assets face significant climate change related risks, investors are shifting their focus to avoid obsolescence risk.

  • 2020 European Market Outlook - Calm Before the Storm

    White papers

    2020 European Market Outlook - Calm Before the Storm

    2020-01-03T13:58:00Z

    With lower-for-longer government bond yields and economic growth expected to keep both rental growth and prime property yields low for the next five years, the European property market cycle has been extended into extra time.

  • AEW - European Real Estate Debt Q3 2019

    White papers

    AEW - European Real Estate Debt Q3 2019

    2020-01-03T13:47:00Z

    In this report, we evaluate all-in interest rates and loan margins for commercial real estate (CRE) investors in the European markets by using for the first time granular loan-level data and estimating historical CRE loan loss rates.