All United Kingdom articles – Page 17
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White papers
Where Are We In The Brexit Process?
Despite the rapidly approaching deadline for the UK leaving the European Union, much remains up in the air. Trying to gauge the long-term economic impact is difficult, but we are seeking to minimise unwanted risk in our portfolios.
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Asset Manager News
‘M&G and Invesco chosen as investment partners for future build to rent pipeline’
Telford Homes Plc (AIM: TEF), the London focused residential property developer, is delighted to announce that following an extensive selection process managed by Savills, the Group has chosen Invesco Real Estate (‘Invesco’) and M&G Real Estate (‘M&G’) as our long term strategic build to rent partners for forward fund transactions.
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White papers
Brexit Endgame: Interest Rate Scenarios
The UK parliament holds a series of Brexit votes over the next week that could have wide-ranging implications on interest rates. We look at some scenarios.
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White papers
Brexit Do-Over?
Will Prime Minister Theresa May’s proposal win the day for Brexit or will there be another referendum? The British pound is caught in the middle.
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White papers
Big Challenges for Equities, Bonds and FX Markets
A series of challenges, from the debt ceiling to Fed quantitative tightening to Brexit, will be confronting a variety of markets.
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White papers
Why SONIA is bored of Brexit
Are you Brexit-Bored or Brexit-Engaged? British financial markets are taking sides, too, in this messy divorce between the UK and European Union.
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Asset Manager News
UBS Asset Management disposes of two City of London assets for GBP 77 million
UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business announces that, in separate transactions undertaken on behalf of clients, it has disposed of two properties for a combined total of GBP 77 million, at 21 Wilson Street, EC2M and 158-164 Bishopsgate, EC2M, in the City of London.
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White papers
360 – Fixed Income report, Q1 2019
To be considered relevant, a factor must first and foremost be backed by ample empirical evidence. In the absence of such evidence, academic research on multi-asset factor premiums could suffer from ‘p-hacking’ (or ‘data mining’). Recent research by Robeco uses new and previously unused deep historical financial data. The results allay any p-hacking concerns.
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Asset Manager News
UBS Asset Management launches long income UK property fund seeded with GBP 90 million hotel portfolio
Open-ended UK long-lease strategy focused on alternative real estate sectors Targeting net income return of 5% p.a. Circa GBP 90 million committed from initial investor
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White papers
Economic and Property Overview: Q4 2018
GDP growth moderated in the final quarter, after a strong summer; output grew by 0.3% for the three months to November, down 30bps on Q3. As expected, the service sector accounted for the largest share of growth adding 0.24 percentage points, the construction sector also contributed to GDP growth, while the production sector knocked 0.12 percentage points off growth owing to weak activity in the manufacturing sector, which suffered the longest period of month-on-month output falls since the financial crisis.
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Asset Manager News
Triton acquires prominent office asset on London’s Southbank for GBP 75.7 million
UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business announces that its Triton Property Fund (Triton or the Fund) has acquired 42 Southwark Bridge Road, a prominent office asset located on London’s Southbank, for GBP 75.66 million.
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Asset Manager News
Orchard Street acquires prime Thames Valley industrial estate for £15.7 million from Kier Property and Investec
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of Trade City Reading, a multi-let industrial estate in Reading, developed in Joint Venture by Kier Property and Investec. The asset was acquired on behalf of St. James’s Place UK Plc. for £15.68 million, reflecting a net initial yield of 4.70%.
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White papers
Fixation on Brexit misses the bigger picture
Reflecting on 2018, global equity markets have lurched from optimism to pessimism. At the beginning of the year there was a complacent belief in synchronised global growth. But cut to the fourth quarter and many strategists are speculating whether the United States might soon enter a recession and how Chinese economic growth is slowing as they try to get a grip of their own excessive debt levels.
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White papers
UK commercial real estate – 2018 year in review
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.
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White papers
Brexit Muddle-Through Towards The Approaching The Confidence Vote
The newsflow concerning Brexit has been quite intense since the UK government was able to secure an agreement with the EU on 25 November 2018. The most notable developments have been:
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White papers
UK Real Estate Market Outlook - February 2019
The UK economy: continued resilience in the face of ongoing uncertainty
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Asset Manager News
UBS Asset Management UK real estate debt fund reaches conclusion of investment period with over GBP 338 million of completed lending
- UBS-PREMF takes total committed loans to 140% of equity raised at Fund’s conclusion
- GBP 45.4 million of new lending completed during 2018
- Initial gross returns in line with target in excess of 8.5% p.a. -
White papers
Economic and Property Overview: Q3 2018
The UK economy had a strong start to Q3 2018, output grew by 0.7% for the three months to August, an uplift of 30bps from Q2. All three sectors of the economy: services, construction and the production sector contributed positively to GDP growth, with the service sector (accounting for c.80% of the UK economy) providing the largest positive contribution to the headline figure.
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Asset Manager News
Orchard Street acquires prime asset on Soho’s Wardour Street for £55 million
Orchard Street Investment Management (‘Orchard Street’), the specialist commercial property investment manager, has completed the acquisition of 141 Wardour Street, a prime mixed-use asset in Soho, London for £55 million. The purchase price reflects a net initial yield of 4.31% and the acquisition was made on behalf of St James’s Place UK Plc.
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White papers
If you can de-risk now, why wait?!
Pension funds in the US, UK and Canada have transferred nearly $400 billion in pension and longevity risk since 2007. While these countries are the focal point of the market today, the Netherlands has been a vibrant market, and Germany recently opened for pension risk transfer in 2018 with two notable transactions, together worth more than $5 billion. Several other countries will soon follow suit. In 2017, the US and UK set a combined record with nearly $50 billion in total activity3, and 2018 is shaping up to be another outstanding year on both sides of the pond.