All Europe articles – Page 59
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Asset Manager NewsResponsible Investment Quarterly - Q1 2020
Back in 1964 the German writer and historian Leopold Schwarzschild posed the question “What price freedom?” in an analysis of what is required from society in support of a more socialist political agenda. At the heart of the article, Schwarzschild remarked in particular the extent to which individual civil liberties must necessarily be brought into conflict with delivery of the wider interest. The question left hanging was, how much of a discrepancy in expectations and policy might society be willing to bear under the circumstances?
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White papersCOVID-19 European Office Markets Series, Edition 3 – June 2020
Demand for core product holding up
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White papersPATRIZIA ranks top European cities for 2020
The PATRIZIA City Ranking illustrates which European cities are the most attractive and which the most liquid, helping investors develop a truly diversified European residential portfolio.
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Asset Manager NewsPATRIZIA sells German DIY portfolio for EUR 96 million
Portfolio comprising 71,000 sq m of retail space across seven assets
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White papersA Moment of Solidarity for Europe
There is still much work to do, but the Franco-German-led EU Recovery Fund is potentially a very big deal for Europe.
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White papersEuropean Outlook - May 2020
The outbreak of COVID-19 has quickly translated into a severe shock for the global economy and real estate markets. Near-term indicators of performance have turned sharply downward, and the situation is fast-moving.
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White papersEuropean high yield credit update
Credit markets stabilised in April; however, a wide dispersion of spreads means active stock-pickers can still find potential opportunities.
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Asset Manager NewsOrchard Street completes first letting at iconic Radio House Cambridge following major refurbishment
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed its first letting at Radio House office scheme in Cambridge to Sentec, a globally leading supplier of smart home technology and consultancy services.
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White papersFocus on Italy: macroeconomic and fixed income scenario
If we wanted to characterise the contraction and recovery pattern, we would probably describe it as a ‘long U-shaped’ recovery; in other words, as a gradual normalisation which will take some time before seeing a return to pre-crisis levels. In Italy, the government is estimating an 8% GDP contraction this year, followed by a 4.7% YoY rebound in 2021. In our analysis, we consider two possible reference scenarios for 2020 growth: -8.0% YoY (as per the government scenario) and -12.0% YoY.
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White papersEmerging Markets Charts & Views - Market dislocation creating long-term opportunities
Two major drivers are shaping the landscape for EM countries: Covid-19 and oil dynamics. We are mindful that current events will have very significant negative effects on the economic outlook for EM this year, leading many countries into recession.
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White papersECB QE Monitor - April 2020
ECB programs: €1,110bn of purchasing power in 2020, or around €110bn / month by the end of the year.
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White papersSweden’s Experiment with Negative Rates
At the end of 2019, Sweden’s Riksbank initiated a policy change at a time when the much larger European Central Bank (ECB) announced its determination to persist with its negative interest rate policy.
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Asset Manager NewsEuropean equities – the best option for resilient income
With bond markets offering little in the way of income, the continent’s highest quality equities offer an attractive and defensive yield
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Asset Manager NewsPharmaceutical companies in a golden age for drug discovery
As new technologies such as genomics spur development of innovative drugs, European pharmaceuticals companies stand out as high-quality, defensive growth stocks
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Asset Manager NewsEurope’s manufacturers are in good shape for a downturn
After reorganising themselves over the past 10 years, many European manufacturers have more flexible business models with higher returns
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White papersCOVID-19 European Office Markets Series, Edition 2 – May 2020
Limited current and future supply levels will limit the decline in prime office rents in the short term. But the economic challenges are likely to lead to headcount reductions, with corporates vacating unutilized space. This trend could be accelerated, if as we expect, corporates adopt higher levels of flexible working in a post COVID-19 world.
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White papersNothing to see here, folks
Interest rates are unlikely to rise until 2020 at the very earliest. And if and when they do, investors in German real estate have little to fear, says Marcus Cieleback, PATRIZIA’s chief economist
