All Europe articles – Page 57
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Asset Manager NewsPATRIZIA buys iconic Louise Tower in Brussels in landmark portfolio deal
PATRIZIA AG, the global partner for pan-European real estate investment, announces that it has acquired the iconic Louise Tower in Brussels as part of a portfolio of six office buildings and one retail asset, by purchasing Athora Real Estate Investments B.V., from Athora Belgium S.A., for EUR 190 million.
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White papersReal estate outlook 2020: Continental Europe
As 2019 comes to a close Vivienne Bolla and Souad Cherfouh look ahead to the key themes that will shape the European real estate markets in 2020 and beyond.
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Asset Manager NewsDeka Immobilien acquires first property for a new open-ended real estate fund in London
Deka Immobilien has acquired the “51 Moorgate” office property in London for around GBP 62 million. The seller was a Skanska Project Development Limited company. The property was revitalised to high quality new construction condition with completion in October 2019. It offers around 4,300 m² of leasable space and is fully let under a long-term lease to Skanska UK plc., a wholly owned subsidiary of the Swedish construction company Skanska AB. It is located near the Bank of England in the London City office submarket and offers excellent access to local public transport. The property has received British BREEAM “Excellent” certification for sustainable construction.
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Asset Manager NewsPATRIZIA acquires healthcare property development in Dresden
PATRIZIA AG, the global partner for pan-European real estate investment, announces the acquisition of a healthcare property development in the city of Dresden, in Eastern Germany, on behalf of PATRIZIA Social Care Fund III.
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Asset Manager NewsPATRIZIA sells a 283-unit residential portfolio in Denmark
PATRIZIA AG, the global partner for pan-European real estate investment, announces the sale of a residential portfolio totalling 283 units in Copenhagen and North of Copenhagen, Denmark, to “Lægernes Pension”, the Danish pension fund for doctors.
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White papersTop trends in 2020 - Infrastructure Outlook
Infrastructure 2020: cleaner and more connected
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White papersFixed Income: Back To Core - Charts And Views
The ongoing slowdown in global trade will weaken global GDP growth further in 2020 – especially in advanced economies skewed towards the manufacturing sector – but a full-blown recession is unlikely, in our view. This situation will encourage policymakers to finally add fiscal stimulus to the policy mix, possibly extending the economic and credit cycles. Monetary policy is unlikely to become much more accommodative and market expectations will have to adjust, likely driving bond volatility higher with a possible bottoming out of core bond yields.
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White papersMitigating Inflation Risk at Lower Opportunity Cost
Inflation-mitigating allocations can drag on returns when inflation is subdued: diversifying and tactical allocation can help.
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Asset Manager NewsClimate protection at the expense of personal convenience
Two different yardsticks are being used in the current climate debate. The “Perspective Renewable Energies” publication from investment and asset manager KGAL looks at the reasons behind this. Portfolio manager Alexander Rietz also describes the strategy of the KGAL ESPF 4 renewable energies fund. His colleagues give recommendations for negotiations with French business partners.
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Asset Manager News
Deka Immobilien invests in France
Deka Immobilien has acquired the “23 Opéra” office and commercial building in the heart of the Paris central business district. The seller was OREIMA, the French independent real estate investment manager. The property will be added to the open-ended real estate fund Deka-Immobilien Europa. The parties agreed not to disclose the purchase price.
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White papersScreen The Euro Fixed Income Market In The Era Of Three ‘Lows’
As 2020 approaches, the uncertainty in the market has receded but there are still risks ahead involving macroeconomic, political and technical factors. Under such a scenario and with central banks being accommodative, we do not envisage a major increase in European core bond yields from their current levels given the limited growth potential and the scarcity of tools left in the ECB’s toolkit to stimulate the economy. Should the economic situation deteriorate, there could be room for yields to fall, but probably not to the lows reached in late August/early September.
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Asset Manager NewsPATRIZIA buys pan-European logistics portfolio for around EUR 1.2 billion
PATRIZIA AG, the global partner for pan-European real estate investment, announces that it is acquiring a pan-European portfolio of 42 logistics assets from BentallGreenOak1 for around EUR 1.2 billion on behalf of a logistics fund, backed by a club of institutional investors, comprising PFA Pension in Denmark and Public Officials Benefit Association (POBA) in South Korea as well as PATRIZIA Logistik-Invest Europa II (PLIE II). Of the 42 acquired assets, 39 are yielding properties as well as three forward purchased new logistics developments in Italy and Spain which are partially pre-let.
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White papers2020: Risks, Opportunities & Predictions (Part 1/2)
In Part 1 of our 2-part series, Barings’ investment professionals touch on topics from politics to trade wars to economic growth—and offer their perspectives on why EM currencies, international equities and EM local debt might outperform in 2020.
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White papersEurope’s Time to Shine?
If Brexit headwinds begin to clear, and the German economy sees improvement, it would support the European economy as a whole. At the same time, any weakness in the U.S. dollar could further propel international markets, potentially reversing a decade of underperformance.
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White papersQuantitative Easing: The End Of The Road For Pension Investors?
Has central banks’ Quantitative Easing (QE) been a blessing or a curse for investors?
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White papersNet Zero – An Opportunity for Real Estate
In 2019 the UK government announced a target of ‘net zero’ for UK greenhouse gas (GHG) emissions by 2050 following recommendations made by the Committee on Climate Change. This led to a change in legislation that came into force on 27 June 2019, which amended the Climate Change Act 2008 target of an 80% reduction in GHG emissions compared with the 1990 levels. This amendment to the Climate Change Act made the UK the first member of the G7 group of industrialised nations to legislate for ‘net zero’ carbon emissions.
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White papersAmid Rising ‘Mequity’ Risk, Boring Can Be Beautiful
In both the U.S. and Europe, there is significant pressure both at the top and bottom ends of the middle market. As a result, we’re seeing potentially attractive value today in the more traditional, true middle market.
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Asset Manager NewsNew PATRIZIA Living Cities Residential Fund with EUR 650m seed assets
PATRIZIA, the global partner for pan-European real estate investment, announces the launch of the PATRIZIA Living Cities Residential Fund (“Living Cities” or the “Fund”), an open-ended fund with a core strategy which currently has EUR 650 million of seed assets and is expected to grow to over EUR 1 billion in assets next year.
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White papersEuropean office occupier market - The rise (and fall?) of European serviced office providers
After the turmoil surrounding the failed IPO of WeWork, it seems an astute time to take stock of the state of the occupier market and consider some of the longer-term implications for landlords
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White papersThe euro zone: a blueprint for a brighter future
The euro zone’s new stimulus package could deliver the biggest monetary and fiscal boost since 2008. And it’s also a sign that the region is putting firmer foundations in place.
