Real Assets – Page 56
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White papersThe road ahead for transportation infrastructure
Transport infrastructure experienced an unprecedented decline during the Covid-19 pandemic. As the world emerges from a series of lockdowns, traffic on toll roads returns more quickly than rail or air travel. Overall volume-sensitive transport continues to re-gain ground from the cyclical rebound. Investors seem to have turned the corner and see the impact on the sector as transitory rather than permanent. But what are the long-term structural trends behind the revival in investment deal flow and some of the biggest buyouts in transport infrastructure?
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White papersThe Decisive Eye: A strategic bulletin on issues and opportunities in European real assets
The world economy is experiencing a level of inflation not seen since the oil price shock of the early 1980s with policymakers dusting off old playbooks to ensure price increases do not become deeply entrenched.
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White papersREITs and inflation: How public real estate may act as an inflation hedge
Not since the 1980s has the U.S. seen the levels of inflation currently being experienced (Exhibit 1). Moreover, with signs of stress in supply chains still evident from sharply higher commodity prices as a result of the war in Ukraine and reduced cross-border mobility on mounting geopolitical frictions, inflation is morphing from the more traditional, tamer form of demand-pull that has prevailed over the past few decades, into more sinister cost push inflation.
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White papersA complementary allocation in an institutional investor’s portfolio
Since its emergence as an asset class in the 1990s, infrastructure has increasingly been featured as a distinct allocation within institutional investment portfolios.
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White papersEuropean Logistics Reaching a Turning Point
The ECB has signaled a 25-50 bps rate hike in July and September as on the back of the on-going Ukraine conflict, inflation has continued to move up. Depending on the country, European government bonds have spiked by 100-200 bps over the last three months. These higher bond yields will impact on logistics markets as measured by our new Jun-22 base case and downside scenarios.
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White papersReal Estate Outlook – US, Edition 2 - 2022
Growing economic uncertainty based on weaker consumer sentiment and inflation concerns increases the importance of focusing on durable income growth across real estate sectors, metros, and product types. Continued strong industrial and apartment return performance is anticipated, but at a lower margin than 2021, given interest rate pressures. We expect a deteriorating performance for office and a gradual strengthening in retail performance through 2022.
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White papersNCREIF review and outlook: Q1 2022
Stellar private real estate returns continue; but poised to decelerate
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White papersUsing AI to find the best locations for urban logistics hubs
The ongoing repercussions of COVID-19 have dealt a cruel blow to many market sectors, but some are benefitting. E-commerce is one clear winner.
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White papersReal Estate Outlook – Europe, Edition 2 - 2022
For many years, the main argument in defense of ever-lower property yields was that the spread over fixed income yields remained comfortably above historic levels. This is no longer the case, with the spread between government bond yields and prime office yields now below their long-term average in every major market.
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White papersWhat are the five pillars of a successful residential investment strategy?
It is going to be a transformative decade for the living sector. Strong structurally supportive market dynamics, evolving socio-demographics and an expanding, more discerning occupier base will revolutionise existing living offers.
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White papersInvestors continue to show strong appetite for real assets
The rush to meet global Sustainable Development Goals has created a growing demand for infrastructure, which is opening many attractive investment opportunities
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White papersGlobal real estate outlook: The impact of rising inflation
As prices surge to their highest levels in decades, the impact of rising inflation is a concern for investors everywhere. As downside risks have increased, real estate markets are dealing with the impact of rising debt and construction costs, as well as potential asset repricing.
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White papersReal Estate Outlook – Global, Edition 2 - 2022
As restrictions due to COVID-19 gradually fade away and life returns to pre-pandemic-like conditions, apart from China and Hong Kong where new lockdowns have been imposed, the global economy faces new challenges. The unexpected war in Ukraine has rocked the international order and had a big impact on energy and agricultural markets and on specialist products produced by Russia and Ukraine.
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White papersSeizing opportunities
The pandemic has accelerated demand growth for rental residential, notes Brice Hoffer, with mature and frontier markets each offering compelling opportunities
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White papersSwiss real estate in an inflationary environment
After decades of continuous low inflation levels, real estate investors are experiencing an environment of elevated consumer price growth all around the world. In this publication, we underline our inflation and interest rate expectations and discuss the potential implications of this complex macroeconomic environment for the performance of Swiss real estate investments.
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White papersRepricings & Reopening Trigger Shopping Center Outperformance
Despite the significant challenge of record high inflation, real retail sales in the Eurozone are projected to grow at 1.2% pa in 2022-26. This is a return to its long term post GFC trend and reflects the low consumer sentiment as well as high employment.
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White papersQ1 2022 Asia Pacific Market Perspective
Positivity is building in most of the Asia Pacific region. There is more normal daily activity as borders reopen, pandemic-related restrictions are eased, and people return to the office and retail centers.
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White papersReal Estate Outlook – Edition 2, 2022
Global real estate performance remained strong in the first quarter. Investment activity pulled back slightly from the record high at the end of 2021 and the pace of cap rate and yield compression eased. The war in Ukraine is curbing economic growth, boosting inflation and is expected to have a cooling impact on real estate returns.
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White papersOur progress towards net zero in real assets: A Q&A with Ed Dixon
One year on from publishing our 2040 net-zero pathway for real assets, Ed Dixon talks through some of the key highlights, challenges and priorities for 2022.
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White papersThe role of infrastructure investment in climate risk management
The change from the emission intensive economy of today to a net zero economy won’t happen overnight, and it won’t happen by accident. For investors, an active and considered approach to portfolio and asset management will likely be required.
