All REIM articles
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White papers
Real Estate Outlook – US, Edition May 2024: Cautiously optimistic
After more than two years of adjusting to higher interest rates, private market real estate results were mixed during 1Q24, with value declines offset by income in several sectors. Returns for retail and industrial warehouse turned slightly positive. Self-storage returns were flat. Apartments and office buildings experienced negative total returns; though niche segments of the sectors, like medical office, manufactured and student housing outperformed.
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White papers
Real Estate Outlook – APAC, Edition May 2024: Easing into a recovery cycle
APAC macro performance has been resilient in recent quarters despite much tighter monetary conditions. Since December 2023, Oxford Economics has upgraded its 2024 growth forecasts twice and the positive revision was broad-based across most countries.
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White papers
Real Estate Outlook – Europe, Edition May 2024: A new cycle begins
Inflation has not been beaten yet. We’ve come a long way from the highs of inflation and interest rates – and the ensuing capital value correction. A new cycle is in its infancy, but the effects of the last one still linger.
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White papers
2024 Mid-Year Outlook - Walking Through the Threshold
Inflation is, of course, a global phenomenon, and similar decisions on interest rates are top of mind for policymakers, market watchers and investors around the world. (In fact, as of the finalization of this paper in early June, the European Central Bank (ECB) announced its first rate cut in nearly five years.)
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White papers
European real estate: from headwinds to tailwind
After a tough couple of years, European real estate stands out as one of the few asset classes where valuations aren’t sky high. With fundamentals improving, this creates an attractive investment opportunity.
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White papers
Green to gold: realising opportunities from the carbon transition
The potential for real estate to deliver green energy infrastructure is often overlooked. We explore the interventions required to monetise green energy, and how investors might benefit from the carbon transition.
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White papers
Global real estate - Opportunities as market bottoms out
Why add unlisted real estate to your traditional 60/40 portfolio? The paradigm for global inflation and interest rates may have changed, but unlisted real estate still has a key role to play in a multi-asset portfolio. The role of unlisted real estate and its required risk-return has changed as the risk-free rate has moved from zero and below.
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White papers
Navigating growth: Real estate trends and opportunities in the European life sciences market
A large part of economic activity takes place within buildings. Therefore, real estate must meet the needs of the real economy as it develops and grows. The life sciences industry and its real estate demand are on the rise, aided by demographics and scientific progress. Thus, real estate focused on meeting the increasing needs of this part of the economy represents an attractive risk-adjusted investment opportunity for value-add and core investors alike.
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White papers
Five Structural Themes Driving Real Estate Investment
Commercial real estate demand and performance are driven by cyclical and structural factors. Cyclical factors, such as interest rates, consumer spending and employment, vary with economic cycles.
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People News
Heitman Appoints New Senior Vice President in Client Service & Marketing Group
Heitman LLC (“Heitman”), a global real estate investment management firm, is pleased to announce that Gabrielle Hanson has joined the firm as a Senior Vice President in Heitman’s Client Service & Marketing group.
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White papers
Real Estate House View: United Kingdom - First half-year 2024
Based on the view that interest rates and therefore gilt yields are unlikely to return to their cyclical lows, the outlook for real estate investment is changing.
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White papers
Real Estate House View: Switzerland - First half-year 2024
The construction industry will have breathed a sigh of relief. The construction cost index recently rose by just 1.4% year-on-year. The sharp temporary increase thus remains an anomaly triggered by the shortage of supply. Prices for building materials, which are largely imported, were the main driver prior to the rise in interest rates, as the Drewry World Container Index shows. However, no price reductions are expected in 2024. The higher interest on borrowing is set to drive prices until mid-2024 at the latest. On top of this, additional planning requirements could potentially account for up to 2 percentage points of construction inflation.
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White papers
Real Estate House View: Europe - First half-year 2024
When is the right time to re-enter the market? Fears of investing whilst values are falling has put significant downwards pressure on investment volumes. Instead, real estate investors have been monitoring government bond yields, seeking stability in the so called ‘risk free rate’ as an indication that property yields have also stabilised. Into 2024, we expect investment activity to pick back up, supporting price discovery. Although the first half-year may only show tentative signs of improvement, by the second we believe activity will regain momentum.
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People News
Redevco strengthens leadership team with the appointment of Veronica Gallo-Alvarez as Head of Investment Management
Redevco, one of Europe’s largest privately-owned real estate managers, has appointed Veronica Gallo-Alvarez as Head of Investment Management. Based in Paris and reporting to CEO Neil Slater, Veronica joins the Redevco leadership team, spearheading a function responsible for investment outcomes, transaction management and research & strategy. The appointment of Veronica is another step in Redevco’s ambition to further grow its real estate capabilities.
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White papers
Resilience in life sciences: IREI article on the UK versus US life sciences markets
The definition of life sciences real estate - For the purpose of this article, life sciences is defined as an industry that comprises companies involved in the research, development and manufacture of pharmaceuticals, therapies and medical devices, which help to foster medical innovations with the ultimate aim of extending the length and quality of human life. Life sciences real estate is property specifically designed and built for companies within the industry.
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White papers
Schroders Capital Global Real Estate Lens May 2024: your go-to guide to global property markets
Our latest analysis highlights the key data and trends that matter to global real estate investors.
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White papers
Keynote Interview: The third wave of decarbonisation
Tackling the carbon footprint of heating and hard-to-abate sectors is paramount if net-zero ambitions are to be fully realised, says Schroders Greencoat’s James Samworth in an article originally published by Infrastructure Investor magazine.
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White papers
Private Markets Investment Outlook Q2 2024: A new investment environment
Private markets are entering Q2 2024 with a reshaped investment landscape. The normalisation of fundraising and valuation adjustments for specific strategies have set the stage for promising investment opportunities.
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White papers
Keynote Interview: Cultivating a customer-centric approach
A shift from passive to active ownership models is key to achieving operational excellence at the asset level, says Schroders Capital’s James MacNamara, in an article originally published by PERE magazine
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White papers
U.S. retail is shaping up to outperform in 2024
Retail property markets ended 2023 in a position of strength. Property fundamentals are healthy, particularly across open-air and necessity retail segments with vacancy rates below their long-term average across most markets.