All Debt Markets articles – Page 7
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White papers
Infrastructure debt’s resilience is in its DNA
Infrastructure debt is not immune to a severe economic downturn, but the global financial crisis has left the asset class stronger. We explain why.
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White papers
COVID-19: The impact on European real estate
As the spread of COVID-19 and government response continue to evolve, we analyse recent developments and how they could affect European real estate.
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White papers
Economic and Real Estate Outlook in Context of Covid-19 #2
Yesterday was April Fools’ Day, but unfortunately there is not much humor to share in the world as the global novel coronavirus (COVID-19) pandemic continues to devastate countries globally. As of April 1, the number of COVID-19 infections surpassed 900,000 globally with the U.S. now leading the rate of infections.
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White papers
Economic and Real Estate Outlook in Context of Covid-19
An initial analysis of high frequency data suggests that the world economy is going to experience a recession in first half of 2020 with some hope that the second half may improve given data related to China is starting to show stabilization and growth.
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White papers
US Economic Scenarios in Context of Covid-19
Given the fluid and fast-moving nature of the pandemic, calculating the impact to growth is challenging, but global agencies, including the IMF, are increasingly concerned that the world is likely to face a recession.
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White papers
Novel coronavirus – Status of progression
The novel coronavirus (COVID-19) is continuing to spread across the world with an estimated 137,100 infections and almost 5,100 deaths as of March 13, 2020. The World Health Organization has officially designated it as a “pandemic” in order to mobilize maximum government resources globally. Apart from the human cost, global economic output is suffering with the IMF officially lowering its estimate for global growth to 2.6% for 2020, which is close to its stalling speed.
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White papers
Novel coronavirus impact on U.S. commercial real estate
As a leading investor in all four quadrants of commercial real estate, Principal Real Estate Investors is uniquely positioned to assess relative value across the market. With heightening concerns regarding the spread of the novel coronavirus, we wanted to share our current thoughts on the potential impact on U.S. commercial real estate markets. The story is continuing to evolve.
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White papers
Unlevered Infrastructure Equity: Delivering in CDI
Cashflow-driven investing (CDI) generates predictable, attractive cash flows to meet liabilities when they fall due. Although a wide range of reliable, income generating assets can be included within a CDI strategy, discussions about which alternative asset classes to include are often limited to private debt, particularly infrastructure and real estate financing.
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White papers
The growing opportunity in European consumer credit
European consumer credit is one of the largest and most diverse loan asset classes in Europe. It has also had resilient performance through economic cycles. Historically, these assets have remained confined to banks’ balance sheets, but structural change in the banking landscape in Europe is opening up a sector previously inaccessible to institutional investors.
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White papers
Real Assets Study
Our Real Assets Study provides insight into European institutional investors’ appetite for real estate, infrastructure, private corporate debt and structured finance. It highlights the need to address ESG issues, looks at whether supply can meet demand, as well as gauging the potential impact of global challenges such as trade wars.
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White papers
A case for commercial mortgage-backed securities
Years of accommodative central bank policy and slow economic growth have pushed yields down and asset values up. Mounting growth concerns and a transitioning global economy will only add to the challenges for investors.
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White papers
Quarterly update on drivers in real assets - Q3 2019
In our regular update on drivers in real assets, we assess the impacts of a possible downturn in the euro zone. We touch on cash generation, the valuation outlook and the significance of security and ranking in the capital structure.
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White papers
European Real Estate: Late-Cycle Value from Manchester to Munich
Can value still be found (or created) ten years into the European property market cycle? And if so, which sectors, geographies and risk profiles look most compelling? Barings’ Charles Weeks weighs in.
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White papers
Peripheral Property Perspectives - Insights From A Cross-Asset Comparison
Most cross-asset institutional investors are organised across three main departments: fixed income (or credit), equities and alternatives. Commercial real estate is typically represented in all three departments. Despite having different terminology and perspectives, investors increasingly look across departments to benefit from each other’s views on fundamental trends in the underlying credit, equity, collateral and property markets.
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White papers
Is now the right time to invest in CRE debt in Australia?
Based in Sydney, Martin Priestley is the Head of Debt, Asia Pacific, overseeing the origination, portfolio management and business development activities for Nuveen Real Estate across Australia and the broader Asia Pacific region. Here, Martin gives his view on why now is the right time for investors to engage in commercial real estate (CRE) debt in Australia.
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White papers
Investment Outlook: Lower rates: boon or bane for real estate?
Slowing growth and rising risks have – or will – drive looser regional monetary policy Strong near-term support to real estate values on lower for longer policy rate Increasing dislocation and divergence in market performance on uneven regional outlook Longer-term asset bubble risks in fundamentally weak markets Focus on ...
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White papers
Commercial & multifamily mortgage loan investments: An integral part of a fixed income asset allocation strategy
In an era of low returns and high financial market volatility, core commercial and multifamily mortgage loan investments provide fixed income investors an appealing mix of strong relative value, low credit risk, and diversification benefits within a larger fixed income portfolio.
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White papers
Private Real Estate Debt
The potential for enhanced risk-adjusted returns late in the cycle
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Asset Manager News
Allianz & Barings Provide USD319m in Debt Financing to Support the Acquisition of 650 Townsend in San Francisco
Allianz Real Estate, ranked as the world’s largest real estate investor, and Barings, one of the world’s leading financial services firms, on behalf of an institutional investor, announced today that they have co-committed in total USD319.1 million (EUR282 million) in debt financing under a co-lending agreement to fund the acquisition of 650 Townsend, a premier creative office building in San Francisco. The asset is being acquired through a sale-leaseback arrangement with the major tenant. Barings will be the lead lender and administrative agent for the transaction, with Allianz co-investing on a pari passu basis.
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White papers
Private Real Estate Debt: the potential for enhance risk-adjusted returns late in the cycle
As the business and real estate cycles continue to mature, exposure to defensively positioned real estate debt strategies may provide investors a more favourable return outcome should economic conditions weaken.