Invesco Real Estate (IRE), a global real estate investment manager, invests in direct property and publicly-traded real asset securities, and has a 35-year investment track record.
We are one of the largest real estate firms globally, and benefit from our exclusive focus on investment management and a performancedriven culture. Our services range from fund management, structuring and finance to acquisitions, asset management and dispositions.
IRE is a highly stable organisation, with our global senior team having an average tenure of 15 years and 27 years’ industry experience.
As the real estate investment management arm of Invesco Ltd., we have the global strength of a large organisation complemented by the expertise of our on-the-ground specialists who are active in their local markets everyday.
Underpinning this local expertise is our applied research philosophy: using the forward-looking forecasts of our global in-house research team to present our “best ideas” to our clients and aim to invest in the right markets, at the right time.
IRE offers a range of investment strategies for institutional investors. The choice of strategy and investment vehicle depends on our client’s objectives, risk appetite and capital available for investment.
We have a strong track record of delivering strategies throughout a number of real estate cycles. As a cross-border specialist with consistent access to off-market opportunities, our team of local market experts work together with IRE’s dedicated research team, and with our clients’ interests in mind, to invest in the right markets, at the right time.
Real estate solutions are available on a separate account basis (alone or with a small group of investors); via pooled funds (open-end or close-end funds); or by way of club investments. Our strategies invest in the main commercial sectors as well as hotels and multi-family/residential (private rented sector) and across the major global real estate markets.
We currently manage $65.3bn of real estate assets globally for our clients, with around 500 staff across 21 offices.
INDUSTRIAL: We have moved to an overweight position as we believe that structural changes in retailing will favour rental growth in the logistics sector. This is a significant change to outcomes in previous cycles where retail was a key beneficiary of rising consumer incomes.
OFFICE: We remain neutral weight to the office sector as a positive economic environment should support steady rental growth in the near term. However, the sector faces headwinds as Europe’s working age population starts to decline and the service sector faces disruption from increased automation. Therefore, office based employment growth, which has been a key driver of demand in previous cyclical upswings, is forecast to be more modest in this cycle.
HOTELS: We have moved to an overweight position for the hotel sector as travel within Europe is increasing steadily because of improving economic conditions, and Europe is also a key beneficiary of growth in inter-regional travel, especially from China. Furthermore, the supply side of the market remains constrained as some key markets have a moratorium on further hotel development.
RESIDENTIAL: We have moved to a slight overweight position in European residential as strong demand for affordable urban spaces outbalances current high prices.
RETAIL: We have moved to an underweight position for the European retail sector as headwinds for the sector grow. We will however continue to consider exceptional luxury high-street opportunities and dominant leisure-driven shopping centres.
Investment principles & strategy
The investment principles and strategy varies depending on your objectives and capital available for investment.
Real estate solutions are available on either a separate account basis, alone or with a small group of investors, or on a commingled basis. Our strategies invest in the main commercial real estate sectors as well as hotels and residential/apartments/multi-family and across the major real estate markets.
We have a strong track record of delivering results for our clients – we have been managing separate accounts and pooled funds throughout a number of real estate cycles. As a cross-border specialist with consistent access to offmarket opportunities, our specialist teams of local market and sector experts coupled with our global research resources means we work to ensure we invest in the real estate markets that help our clients achieve their objectives.
Strategic corporate development
Our global business has grown organically and through selective acquisitions since 1983 and we will continue to look for future opportunities for further development of our global business.
Our senior management team has been working together for many years and our low employee turnover is testament to our stable but growing business.
We also benefit from the support of our parent company, Invesco Ltd, a leading independent global investment manager dedicated to helping investors worldwide achieve their financial objectives. At Invesco, we exist to help people get more out of life by delivering a superior investment experience.
This information is intended for Professional Clients and Institutional Investors only. It is not intended for and should not be distributed to, or relied upon, by the public. Source of all data is Invesco Real Estate as at 30 June 2018. The value of investments and any income from them will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested. This information does not form part of any prospectus. It contains general information only and does not take into account individual objectives, taxation position or individual financial needs. It does not constitute a recommendation of the suitability of any investment strategy for a particular investor. Nor does it constitute an offer or solicitation by anyone in any jurisdiction in which such an offer is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. Current tax levels and reliefs may change. Depending on individual circumstances, this may affect investment returns. Past performance is not a guide to future returns. IRE invests in property and land. This can be difficult to sell, so investors may not be able to sell these investments when they want to. The value of the property is generally a matter of an independent valuer’s opinion. The views and opinions expressed herein are those of Invesco Real Estate professionals based on current market conditions. They are not necessarily those of other Invesco professionals and are subject to change without notice. Telephone calls may be recorded.
News from Invesco Real Estate [Europe]
Invesco Real Estate today announces the acquisition of three newly-built logistics assets located in the major cities of Madrid and Barcelona, two of the most important and demand-driven logistics hubs in Spain.
Invesco Real Estate has acquired Mainwald, a 22.600 sqm residential complex in Germany from LBBW Immobilien Development GmbH, the vendor and project developer. The forward funding development is the first residential asset the firm has acquired for its core pan-European flagship strategy.
Invesco Real Estate is delighted to announce the acquisition of The Brickworks, a forward funded, purpose-built student accommodation development in Dublin, Ireland for €47m from Bain Capital Credit.
Invesco Real Estate has exchanged contracts to acquire Capital 8, a 45,000 sqm modern office building on a 1-hectare site in Paris’s CBD for €789m from Unibail-Rodamco-Westfield.
Invesco Real Estate Diversifies Growing Build-to-Rent Programme with Third UK Regional Project download
Invesco Real Estate has partnered with Patten Properties and Panacea Property Development, the nationwide residential developers, to deliver 383 BtR units in Liverpool City Centre, in the North West of England.
News from IPE Real Assets
Facility covers 27 prime locations across seven countries
Investment could spell the start of wider move by US pension funds
US pension fund to allocate up to $500m to real estate
Invesco Real Estate acquires asset for German institution
Commercial real estate also set for change following UK Budget
White Papers / Research from Invesco Real Estate [Europe]
We describe three alternative real estate asset classes that may cater to investors’ income needs. European hotels are becoming ever more interesting – not least due to rising tourism. US real estate is particularly compelling if one invests outside the major agglomerations. And, finally, global income securities (aka listed real estate) provide a full range of instruments with diverse risk and return characteristics.
Today, many institutional investors are adding hotel real estate to their portfolios to achieve diversification, to help boost income in their multi-asset portfolios and for liability matching requirements given the longer dated income.
For the Local Government Pension Scheme, the Government’s recent regulatory changes and the Brexit vote have fuelled economic uncertainty and created fresh challenges and opportunities.
UK residential investment: Assessing the market fundamentals supporting the UK Build-to-Rent sector download
Despite the UK voting for Brexit on 23 June 2016, the underlying market fundamentals that have been driving the potential opportunities in the UK Build-to-Rent sector (also known as the Private Rented Sector) continue to remain sound, in Invesco Real Estate’s view.
The narrow victory for the ‘Leave’ campaign creates uncertainty, which is likely to dampen economic growth and create volatility in markets in the short term.
Analysis from IPE Real Assets
The case for pan-European residential strategies is building momentum. Jennifer Bollen reports
The streets of Paris have been beset with civil unrest, but investors still see a city investing in infrastructure and positioned to benefit from Brexit
With political uncertainty on the minds of investors, the cool-headed Norwegian capital is well positioned to attract international capital, writes Russell Handy
While there is talk of UK banks moving to Frankfurt following the Brexit vote, the city is trying to attract other types of tenants, says Russell Handy
Malaysia’s Employees Provident Fund has embraced alternatives. Florence Chong speaks to Mohamad Nasir Ab Latif and Kamarulzaman Hassan