REC staff

Now is a good time to consider what 2011 holds for global property markets. We at DTZ predict that real estate market fundamentals will be driven by the exact path of the two-speed economic recovery. In contrast to most Asian and central and eastern European markets, slow eurozone GDP growth is expected to produce only […]

  REC global commentary Growth slowed in January in all global securities markets, with Macquarie’s global property universe returning -0.4%. European property shares have struggled to keep up with general equity markets (see three-month EPRA returns chart) The chart above shows that European property companies’ weighting in the EPRA Global Index peaked at the end […]

Real Estate Capital UK commentary UK all-property company relative returns were just positive in January, at 0.4%. However, over the past 12 months, returns remain poor, at -8.4%. The total return for property shares over the year to the end of January was 8.75%, compared to an 18.7% return for the UK equity market. There was […]

UK market overview The Jones Lang LaSalle Balanced Fund Index started 2011 in a similar fashion to the end of last year, with a modest gain of just 0.22%, compared to 0.33% in December, writes Julian Schiller. Average secondary market pricing for balanced funds improved from -1.00% in December 2010 to -0.21%. Taking into account […]

Recent evidence suggests banks in the UK are already offloading property, reports Jane Roberts

European direct investment volumes in 2010 rebounded to €102bn, up 40% on 2009, according to Jones Lang LaSalle. CB Richard Ellis puts the final figure slightly higher, at €110bn in 2010, up from €73bn in 2009. DTZ’s overall figures are close but slightly lower and show a bigger, 53% jump, from €62bn in 2009 to […]

Private equity investor Corestate Capital has raised another €40m of equity from one investor for its German commercial fund. The fund buys office and retail assets with value-added potential and gears relatively highly, at a 60-65% loan-to-value ratio, and targets 12-15% returns. Corestate said the equity adds around €120m of extra investment capacity, taking firepower to […]

Recent investments in China, the Philippines and Australia, plus a big chunk of UK retail, mean APG’s client ABP is on target to up its property exposure by around €2bn, reports Lauren Parr

An improved offer will be required for managers to win back investors that have lost faith in funds

ULI report respondents see more opportunities ahead to buy secondary assets, writes Lauren Parr