Content (88)
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White papersMonthly Research Report - August 2023
Cre Lending Stabilises While Debt Funding Gap Remains
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White papersProtecting Real Estate From Climate Risks
AEW sets out concrete steps for meaningful climate-change adaptation
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White papersMonthly Research Report - May 2023
Prime European shopping centre repricing allows rebound
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White papers2023 Mid-Year European Outlook: Light at the end of the tunnel
In spring 2023, just when European markets had come to grips with the multiple central bank rate hikes, attention shifted to commercial banks as they raised investor concerns on the back of recent US and Swiss bank failures.
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White papersMonthly Research Report - March 2023
Residential Remains Defensive In A Higher Interest Rate Environment
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White papersMonthly Research Report: February 2023
Average Quality Returns Not Consistenly Higher Than Prime
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White papersMonthly Research Report: January 2023
Debt Funding Gap Widens As Lower Collateral Values & Icr Bite
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White papersEuropean Real Estate Debt Markets Re-align
5-year swap rates have pushed all-in real estate interest rates to over 4%, their highest levels since 2013. This has been triggered by record high inflation, central bank rate hikes, and uncertainty on the macroeconomic outlook.
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White papersNext Wave of Physical Climate Risk
For any remaining sceptics, 2022 post-Covid summer has further confirmed that climate change is for real with new record length droughts, forest fires and the Rhine river at risk of running too low for commercial shipping.
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White papersEuropean Logistics Reaching a Turning Point
The ECB has signaled a 25-50 bps rate hike in July and September as on the back of the on-going Ukraine conflict, inflation has continued to move up. Depending on the country, European government bonds have spiked by 100-200 bps over the last three months. These higher bond yields will impact on logistics markets as measured by our new Jun-22 base case and downside scenarios.
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White papersRepricings & Reopening Trigger Shopping Center Outperformance
Despite the significant challenge of record high inflation, real retail sales in the Eurozone are projected to grow at 1.2% pa in 2022-26. This is a return to its long term post GFC trend and reflects the low consumer sentiment as well as high employment.
