Outlook 2019 presents our Base Case expectations for direct-investment commercial real estate, given the trends we anticipate in the economy and capital markets. We believe our Base Case scenario is the most probable outcome and dedicate the rest of the document to laying out the details. It is not, however, the only scenario we consider.
The true and reliable nature of commercial real estate income Private real estate income is steady and reliable. We should not oversell the return point but rather take comfort in its absolute persistence.
As the lines between infrastructure and private equity become increasingly blurred, the question of categorization - while topical - becomes more trivial. A more relevant consideration is to understand the risks around the cashflows of data infrastructure assets to ensure that the returns are commensurate.
Innovation covers a wide range of topics that shape views of future investing. We addressed some of these concepts in our 2018 Innovation Series. We recap on these papers in this annual summary.
Returns for 2018 have yet again exceeded most forecast expectations. We take a closer look at the outlook for UK property in 2019 against an increasingly uncertain political and economic backdrop.