GRI Europe Summit 2013 - Interviews - Global Real Estate Institute

Interviews

In anticipation of the GRI Europe Summit 2013, we have asked some of the participating industry leaders for their comments on the European market’s challenges and solutions.

“The more turmoil in the world, the more people will appreciate the stability and the continuity of Europe”
Samih Sawiris
CHAIRMAN & CEO
Orascom Development Holding
SWITZERLAND

“… as always, property is a local business, therefore picking specific sectors in specific locations will continue to differentiate the good investor from the average investor.”
Fergal Feeney
HEAD OF ASSET RECOVERY
IBRC
UK

http://www.globalrealestate.org/Europe2013/Interviews

Dynamic Regeneration: Design Centre Chelsea Harbour

Dynamic Regeneration: Design Centre Chelsea Harbour

The Design Centre is the largest interior design retail and trade centre in Europe and forms part of the Chelsea Harbour Estate.

http://www.marcol.com/index.php?page=chelsea-harbour

Chile: Manufacturing is weakening, despite April bounce

Chile: Manufacturing is weakening, despite April bounce

Nader Nazmi - Market Economics
Latam Macro Snapshot | 30 May 2013 18:07 | 327 Kb

Manufacturing production expanded 3.4% y/y in April, in line with our 3.6% y/y call, and better than the consensus projection of 2.9% y/y. The main contribution to the annual gain came from increased production of processed food (+13.7% y/y). Despite the rebound, manufacturing growth in April is disappointing, especially given that this April had two more working days than April 2012.

German Home Boom as Europe Stagnates Set to Hurt Merkel

German Home Boom as Europe Stagnates Set to Hurt Merkel
By Dalia Fahmy
May 28, 2013

Taxi driver Michael Ruedor lived for 20 years in a downtown Berlin apartment close to Checkpoint Charlie before rising rents forced him out.

http://www.bloomberg.com/news/2013-05-27/german-housing-boom-as-europe-stagnates-may-hurt-merkel-at-poll.html

New Mexico county first in nation to ban fracking to safeguard water

New Mexico county first in nation to ban fracking to safeguard water

In acting to protect their water supply, the 5,000 residents of poor, conservative Mora County make it the first in the U.S. to ban fracking -- hydraulic fracturing for oil.

http://www.latimes.com/news/local/la-me-fracking-ban-20130529,0,3018204,full.story

By Julie Cart, Los Angeles Times
May 28, 2013, 7:36 p.m.

OCATE, N.M. — Sitting in the tidy living room of the home they built themselves, Sandra and Roger Alcon inventory what they see as the bounty of their lives: freedom, family, community, land, animals … and water.

Real estate debt funds still at 'embryonic' stage

Real estate debt funds still at 'embryonic' stage
Sarah Krouse
23 May 2013

Property debt funds are stepping in to replace banks as a source of lending, but real estate experts say the process is still at a very early stage of development.

http://www.efinancialnews.com/story/2013-05-23/real-estate-debt-funds-in-embryonic-stage

Docklands, Victoria

Docklands, Victoria

Docklands (also known as Melbourne Docklands to differentiate it from London Docklands) is a suburb of Melbourne, Victoria, Australia, 2 km (1.2 mi) west of Melbourne's Central Business District. Its local government area is the City of Melbourne. At the 2011 Census, Docklands had a population of 5,791.

http://en.wikipedia.org/wiki/Docklands,_Victoria

Prime high street is retail’s best performer

Prime high street is retail’s best performer
23 May 2013

According to Savills, the total volume of retail deals recorded in its survey for Q113 is up 25% to €4.7bn compared to Q112 with UK, Germany and France capturing the most activity at 37%, 40% and 11% respectively. High street deals have increased dramatically from 14% to 20% comparing Q112 to Q113 and have seen a significant shift in prime high street retail yields which are now just 15 bps above 2007 levels at 4.8% with lowest achievable yields recorded in London (3.0%) and Munich (3.5%), and the highest in Lisbon (7.5%) and Athens (6.75%).

http://www.savills.co.uk/_news/newsitem.aspx?intSitePageId=0&intNewsSitePageId=158215-0&intNewsMonth=5&intNewsYear=2013

Perth and Melbourne office markets have the brightest prospects as commercial property sentiment lifts: NAB Index

Perth and Melbourne office markets have the brightest prospects as commercial property sentiment lifts: NAB Index

By Larry Schlesinger
Wednesday, 22 May 2013

The Melbourne and Perth office markets are forecast to deliver the strongest returns to commercial property landlords over the next two years with both capital values and rents rising, according to the March quarter NAB Commercial Property survey.

http://www.propertyobserver.com.au/commercial/perth-and-melbourne-office-markets-have-the-brightest-prospects-as-commercial-property-sentiment-lifts-nab-index-nab/2013052261577

Capital targeted by Europe-focused real estate debt funds up 335% from a year ago

Capital targeted by Europe-focused real estate debt funds up 335% from a year ago
BY: TIMOTHY POLLARD
PUBLISHED: MAY 20, 2013

According to data tracked by Preqin, there are currently 19 Europe-focused real estate debt funds in the market targeting commitments of €10 billion ($12.8 billion) - compared to just €2.3 billion ($2.9 billion) a year ago. The increase is driven by institutional investors' increased appetite for real estate debt, as the number of new fund searches increased significantly from a year ago. Among new fund searches in the first-quarter of 2013, 27% were targeting real estate debt funds, compared with 8% in the first quarter of 2012.

http://www.pionline.com/article/20130520/CHARTOFDAY/130529999