All Europe articles – Page 60
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Asset Manager News
DekaBank refinances property in Stuttgart
DekaBank has arranged a loan on behalf of Hines Pan European Core Fund HECF to refinance the building “Caleido” in Stuttgart. DekaBank is the sole underwriter of the loan of EUR 41.5 million, which has a term of seven years.
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White papersLiquidity Dilemma Needs A Regulatory Response
A few high-profile fund suspensions have recently driven the focus back to market liquidity and how this can affect the ability of funds to meet certain redemption scenarios. Despite ample liquidity at the macro level, some areas of strain remain at the micro level and could worsen in case of a material deterioration of economic conditions, a recession or a spike in volatility.
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Asset Manager NewsKGAL buys the Kontor II property in Leipzig
KGAL, a leading independent investment and asset manager, has acquired its third office complex in Leipzig. Kontor II is situated in the Graphisches Viertel. KGAL has purchased the complex for a special AIF for real estate, which is engaged Europe-wide.
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Asset Manager News
Deka Immobilien acquires office complex in Lithuania
Deka Immobilien has exchanged contracts to secure the purchase of the “Quadrum” office complex in the central business district of the Lithuanian capital of Vilnius for around EUR 156 million. The seller is UAB Schage Real Estate AS, a Lithuanian subsidiary of the Norwegian developer and real estate portfolio company Schage Eiendom AS. The building complex will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienGlobal.
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Asset Manager NewsTransfer of ownership in Fellbach
KGAL concludes contract for the purchase of an office property
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Asset Manager NewsPATRIZIA forecasts residential investment resilience despite geopolitical volatility
PATRIZIA AG, the global partner for pan-European real estate investment, has launched its 11th PATRIZIA INSIGHT study on the European Residential Markets. The findings show that despite today’s more volatile geopolitical and economic environment residential investment is forecast to continue offering resilient returns for investors. Total unlevered returns of between 5% to 6.5% per annum are expected over the next five years, of which 2.5% to 3.5% is expected to be income.
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White papersLondon: The ultimate city of the future
The rise of the knowledge economy has energised cities which have reinvented themselves as global knowledge capitals, of which London is a prime example.
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Asset Manager NewsTwo years running PATRIZIA wins key MSCI award for PanEuropean fund
For a second, consecutive year PATRIZIA, the global partner for pan-European real estate investment, has won the MSCI award for ‘Best Performing Balanced Fund in the PEPFI Index’ for The PanEuropean Property Limited Partnership (‘PanEuropean’), which has again achieved the highest three-year NAV-level performance versus its peers. Launched in 1973, the fund targets net returns of 6%, but continues to significantly outperform by delivering a three-year annualised return net to institutional investors of 11.2% (as at 30 June 2019).
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Asset Manager NewsPATRIZIA, Cognotekt and EVANA to build cutting-edge industry platform
PATRIZIA AG, the global partner for pan-European real estate investment, announces that it has acquired a strategic stake in Cognotekt, a Cologne based artificial intelligence platform that has developed a unique technological approach for state-of-the-art Natural Language Processing. This method translates written text into mathematical formulas to classify documents and extract data with higher accuracy than common AI solutions.
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White papersDespite the rise of cross-border distribution, domestic funds continue to have a bright future
Unabated support and growth in Cross Border funds
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White papersForecasting Combination: An Application For Exchange Rates
This paper tries to forecast exchange rates by comparing forecasting methods that take into account cointegration and methods that do not. The first finding is that taking into account cointegration provides better forecasting results.
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Asset Manager News
DekaBank arranges financing secured against 4 Cannon Street, EC4M
DekaBank has acted as Sole Arranger and Underwriter on a £95.63m four-year term loan secured on 4 Cannon Street, London, EC4M (“4 Cannon Street”).
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White papersBrexit: Extension Of The Deadline Is Likely, But The Final Outcome Remains Uncertain
Recent developments and next steps: Early this month, the UK Parliament passed a motion instructing the Prime Minister (PM) Boris Johnson to request an extension of the Brexit deadline by 19 October, and rejected the PM’s request for elections before 31 October (the current Brexit deadline).
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White papersFrench Pension Reform (An Update)
At the time we were writing the Thematic Paper entitled “French Pension Reform: A Trojan Horse for Better Control of the State Budget?”1, the financial sustainability of the French pension system looked certain. Since then, the government has set a new savings goal, with the aim of achieving financial equilibrium by 2025, and in doing so has prematurely ejected from its Trojan horse… This adds a whole new challenge to an already high-risk reform.
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Asset Manager News
Plus ça change? In 20 years of E-REGI index, much has changed but some things have remained remarkably consistent
Throughout the 20-year history of LaSalle’s European Regional Economic Growth Index (E-REGI), many new drivers of real estate demand have emerged, from flexible working patterns to energy conservation and sustainability. However, across the two decades in which we have scored and ranked each European city region through the index, a number of themes have remained constant.
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White papersThe ECB And The EU Banking Sector: Some Relief, With Winners And Losers
The new two-tier deposit-reserving scheme: With this measure the European banking sector could save up to c. €4 billion in annual interest costs (based on avoiding the -50bps deposit rate). However, while a large number in absolute terms, this only accounts for c. 2% of earnings on average for the main banks in the sector and therefore has little impact on overall Returns on Equity and profitability metrics.
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White papersCapitalising on Dublin’s docklands boom
Home to tech giants, business and finance multinationals and a host of retail and cultural attractions, Dublin’s Docklands is a thriving international hub of commerce and leisure.
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White papersEuropean Real Estate Equity: Uncovering Value City by City
Amid an uncertain macroeconomic backdrop, attractive value can still be found within European real estate—but it is important to consider sector and geography, and to partner with an active manager who has the flexibility to invest across different strategies and styles.
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White papersEuropean 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.
