All Research & Forecasting articles – Page 11
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White papersOpportunity amidst converging returns and shrinking risk premia
In the early months of 2018, economic fundamentals are supportive of another solid year of real estate performance. But monetary conditions are tightening and our central preoccupation persists: how will this affect the risk premium for real estate?
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White papersEurope Real Estate Market Outlook
Economic growth in the Eurozone consistently beat expectations throughout 2017. Following growth of 0.6% in Q3 and 0.7% in Q4, Eurozone GDP reached 2.5% for 2017, well above the ECB’s forecast of 1.7% at the start of the year. This marks the fastest pace of growth since 2007.
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White papersGrand Paris project: beyond the CBD office investment opportunities
Paris is the largest economy amongst the EU28 NUTS 2 level regions and the economic impact of the €26 billion Grand Paris project is expected to generate $29 billion of net new money to the local economic supply chain. This compares favourably to other worldwide infrastructure development projects.
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White papersDiversification: Friend or Foe? What are the Benefits and Costs of Diversification in Real Estate Portfolios?
While the importance of diversification is well known, the answer to the question of exactly how much diversification is appropriate for a real estate portfolio is not necessarily obvious.
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White papersCo-Working Space: The Future of Office Demand?
Though by no means a new sector, the serviced offices sector is undergoing a period of significant growth and evolution.
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White papersLuxury Retail Real Estate: Poised for Growth or Close to The Limit?
The retail real estate sector is increasingly polarised. Rents have stagnated or declined in secondary shopping centres and high streets since the global financial crisis.
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White papersThe Case for European Long Lease Real Estate: Contributing to More Certain Investment Outcomes
In today’s low yield world, high quality assets generating predictable income streams with inflation-linked uplifts are highly prized by investors.
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White papersThe UK Property Paradox: Both Cheap and Expensive
Real estate prices follow a cycle driven by a broad range of inter-related factors in occupier, development and lending markets as well as in the broader economy. An understanding of the cycle is especially important in a long-run asset class such as real estate.
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White papersCities of the Future: Europe
Given its nature as a long-term asset class, it is important that real estate investors have an understanding of structural drivers of growth and major shifts in the sources of growth. The rising importance of the knowledge-based economy is one such shift that is of considerable importance for the outlook for city office markets.
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White papersUS Mall REITS: Diverging paths and changing tides
A review of the last 10 years in the US mall sector shows the diverging paths of high-quality mall operators versus their lower-quality peers. Ironically, under the strain of rapidly-changing market forces A-malls (malls that generate sales per square foot over $400 per annum) have emerged in even stronger shape than has been the case historically.
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White papersUK industrial property – A safe haven?
The industrial sector makes up a relatively small, but growing, part of the UK’s commercial property market. Once dominated by manufacturing, the increasing importance of distribution has transformed the sector over the past 20 years, and investors have increasingly focused on efficient supply chains and the requirements of online retailing as the major drivers behind growth and future development.
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White papersLGPS pooling: Could early transition of indirect real estate avoid future liquidity and performance issues?
The UK Government’s 2018 deadline for the onset of investment pooling is fast approaching for Local Government Pensions Schemes. According to the “Findings of Project Pool”, almost 50% of the real estate exposure of LGPS funds is in indirect investments and the greatest savings from real estate pooling will arise from the migration of assets from indirect to direct ownership.
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White papersFrance to lead European recovery
France is projected to post a strong increase in GDP growth in the next five years, while German and UK growth is shifting down in the same period
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White papersResponsible property investing
Welcome to M&G Real Estate’s fifteenth Responsible Property Investment (RPI) Report, which marks a critical turning point in our approach.
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White papersUK Real Estate Market Outlook: January 2018
The UK economy continued to defy gloomy market expectations during the third quarter of 2017, with GDP expanding by 0.4%. The latest set of positive data saw the Bank of England lift interest rates to 0.5% in November, a sign of their overall confidence in the market.
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White papersSlowdown of non-core loan sales to benefit secondary property
Secondary benefits as non-core loan sales continue a pace
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White papersAsia Real Estate Market Outlook: January 2018
In 2018, the regional output from Asia Pacific should follow a similar pace of growth at 4.8% y-o-y, versus the expected growth from Europe at 1.9% y-o-y and from the US at 2.5% y-o-y.
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White papersDemand for industrial real estate could rise further as manufacturers 're-shore' production
April 30, 2011 – the day after the Royal Wedding. As the UK recovered from the street parties (and a fair few hangovers), Zara’s factory workers were just getting down to work. Kate Middleton stepped out for her first post-wedding photo shoot in a blue Zara dress launched earlier that year and, naturally, the garment sold out within 24 hours.
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White papersClean Growth Strategy
The strategy sets out that clean growth is to be achieved through significant investment into the innovation of energy efficient technologies (£2.5 billion between 2015 – 2021) and importantly from the review, development and reform of UK policy and legislation.
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White papersHow did the UK market exceed all expectations in 2017, and can we expect more of the same this year?
If any UK property market forecaster had stood up at the start of the year and predicted that in December we would be debating whether the market will quite hit double digit returns for the year, not even the most bullish observer would have taken them seriously.
