Name: FACTOR INVESTING IN EUROPEAN OFFICES
Start: 2019-06-27T09:00:00Z
End: 2019-06-27T09:00:28.000Z
Location: BrightTALK
Rating: 5

Latest update on office and other European occupier markets
Recent volumes, sentiment and pricing trends affecting investors
Best relative value opportunities across a bifurcated yet recovering market


• This material is intended for information purposes only.  It does not constitute investment advice or a recommendation. The information and opinions presented in this material have been prepared internally and/or obtained from sources which AEW believes to be reliable, however AEW does not guarantee the accuracy, adequacy, or completeness of such information. Opinions expressed reflect prevailing market conditions at the time this material was completed and are subject to change. Neither this material, nor any of its contents, may be used for any purpose without the consent and knowledge of AEW. This material may not be distributed, published, or reproduced, in whole or in parts for parties other than the intended recipient without prior approval of AEW.  Nothing contained herein shall constitute an offer to sell or solicitation of an offer. For institutional use only. Not for retail distribution.

2025 Outlook for European markets

The 2024 Mid-year Outlook Webcast will focus on the following questions:

How much more re-pricing do you expect for European commercial property across all sectors in 2024?

What sector will post the biggest rebound in capital values for the full year 2024?

What market will be the fastest to recover in the current cycle?

This material is intended for information purposes only and does not constitute investment advice or a recommendation. The information and opinions contained in the material have been compiled or arrived at based upon information obtained from sources believed to be reliable, but we do not guarantee its accuracy, completeness or fairness. Opinions expressed reflect prevailing market conditions and are subject to change. Neither this material, nor any of its contents, may be used for any purpose without the consent and knowledge of AEW. There is no assurance that any prediction, projection or forecast will be realized.

2024 Mid-year Outlook Webcast

Please join AEW's global research team for their January webcast where they will be discussing the Global Debt Funding Gap, focusing on the following questions:

- What is the scale of the debt funding gap globally? 
- How does the debt funding gap compare across global regions?
- When are the refinancing problems going to ease?

The information and opinions presented in this material have been prepared internally and/or obtained from sources which AEW believes to be reliable; however, AEW does not guarantee the accuracy, adequacy, or completeness of such information. Opinions expressed reflect prevailing market conditions at the time this material was completed and are subject to change. There is no assurance that any prediction, projection, or forecast will be realized.

AEW Global Research Webcast: Everything is Relative

Disclaimer: Cette présentation est destinée à fournir des informations pour aider les investisseurs à prendre leurs propres décisions d'investissement, et non à fournir des conseils en investissement. Les investissements discutés et les recommandations contenues dans cette présentation peuvent ne pas convenir à tous les investisseurs : les lecteurs doivent exercer leur propre jugement indépendant quant à la pertinence de ces investissements et leurs recommandations à la lumière de leurs propres objectifs d'investissement, de leur expérience, de leur statut fiscal et de leur situation financière. Cette publication découle de sources sélectionnées que nous considérons comme fiables, mais aucune représentation ou garantie n'est faite quant à l'exactitude, à l'exhaustivité ou tout autres informations présentées ici. Les avis exprimés reflètent le jugement actuel de ou des auteurs et ne reflètent pas nécessairement les opinions d'AEW et peuvent changer sans préavis. Bien qu'AEW fasse ses meilleurs efforts pour communiquer des informations exactes et à jour, des erreurs ou des omissions peuvent parfois se produire. AEW décline expressément toute responsabilité, qu'elle soit contractuelle, délictuelle, de responsabilité stricte ou autre, pour tout dommage direct, indirect, accidentel, consécutif, dommages punitifs ou spéciaux découlant de ou liés à quelque manière que ce soit à l’utilisation de cette publication. Cette présentation ne peut être enregistrée et/ou diffusée à toute autre partie sans l’autorisation écrite expresse d’AEW. Rien ne garantit que la prédiction, les projections ou les prévisions seront réalisées. Le groupe AEW comprend AEW Capital Management, L.P. en Amérique du Nord et ses filiales en propriété exclusive, AEW Global Advisors (Europe) Ltd, AEW Asia Pte. Ltd. et AEW Asia Limited et la société AEW Europe SA et ses filiales. AEW Capital Management est la société sœur d’AEW Europe SA qui sont détenues par Natixis Investment Managers.

Le rebond après l’ajustement des prix

• When will we reach the bottom of capital value declines given what interest rates might do?
• Where do we see the biggest challenges with upcoming refinancings? 
• What markets and sectors show best relative value as the cycle turns?

Repricing Triggers Revival

• Where have swap rates, margins and all-in interest rates moved to?
• What will be happening to LTVs and other CRE loan terms?
• When do we expect the upcoming refinancing problems to create opportunities?

Update On The European Real Estate Debt Market

- Comment les loyers vont-ils évoluer dans le contexte économique actuel ?
- Comment évolue notre estimation du déficit de financement, à mesure que l'inflation et les rendements obligataires se normalisent ? 
- Quand prévoyons-nous les points d'inflexion dans les cycles des différents marchés ?

Perspectives européennes 2023 à mi-année: La lumière au bout du tunnel

'Light at the end of the tunnel '

• How do rents move if the expected recession can be avoided?
• Where is our debt funding gap going, as inflation and bond yields normalise? 
• When are we expecting the turning points in local market cycles?

2023 mid-year European market outlook - English

- Quand les bouleversements politiques et économiques actuels vont-ils se calmer ?
- Dans quelle mesure le marché utilisateurs sera-t-il touché par ces changements ?
- Que peuvent faire les investisseurs pour se positionner au mieux ?

Perspectives Annuelles 2023 : Se positionner pour faire face aux perturbations

• When will the current political and economic disruptions settle down?
• How much will occupiers be impacted by all of these changes?
• What can investors do to best position themselves?

2023 European Outlook Webcast: Positioning for Disruption

• How have record high inflation and central bank rate hikes impacted European real estate lending?
• What changes in loan spreads and all-in interest rates have we seen for key markets?
• Where have lenders’ refinancing and risk appetites changed most?

EUROPEAN REAL ESTATE LENDING MARKETS RE-ALIGN

What are the climate-related hazards that can be quantified best?
Where are the markets most resilient to these climate-related hazards?
How will these physical climate risks impact on European real estate returns?

The Next Wave for Physical Climate Risk Impact- ENG

AEW Perspectives semi-annuelles 2022 : RELEVER UN DOUBLE DÉFI

AEW Mid-Year European Outlook: Double Trouble

AEW Mid-Year European Outlook: Dealing with Double Trouble

AEW has hosted 8 data labs around Europe in the past 4 years where industry experts have shared ideas on innovative data sources, methodologies and systems in commercial real estate. 

The sessions were attended by investors, academics, leading brokers, data service starts-ups and consultants. 

The session runs as an interactive forum and Q&A after each session will allow the presenters to answer your questions. 

This is the fourth to be held virtually due to the ongoing COVID-19 pandemic

AEW 9th NEW DATA IN REAL ESTATE LAB

Perspectives annuelles européennes pour 2022

2022 European Outlook

No place like home: Le résidentiel et ses rendements défensifs attire les investisseurs
 
• Quels sont les équilibres entre l’offre et la demande dans les différents marchés résidentiels européens ? 
•	Comment les règlementations sur l’encadrement des loyers et sur l’efficacité énergétique affectent les loyers de marché ?
•	Quels sont les marchés les plus attractifs pour les investisseurs en résidentiel ?

Le résidentiel et ses rendements défensifs attire les investisseurs

This is our initial application of the Factor Investing approach for nearly 40 European office markets

Factor investing identifies multiple factors that drive excess returns compared to any market portfolio

This so-called smart beta strategy uses factors such as volatility, liquidity, quality, value, yield and growth 

Finally, we compare factor investing to the traditional core and value add investment styles

FACTOR INVESTING IN EUROPEAN OFFICES

Real Estate

Researcher

This community is for investors who work within the European market providing client and portfolio management advice. Join to learn from trusted investors on the latest trends and account strategies for delivering consistent results and long term success.

European Investors

This community is for institutional investors responsible for managing large-scale funds. Join to learn how top institutional investors are managing their organization’s shares, influencing the market, and what tips they have for successful investment strategies.

Institutional Investors

The accounting and finance community on BrightTALK features presentations from leading accountants and finance professionals. The accounting community includes tax planning strategies, QuickBooks webinars and other accounting webinars, while the finance community features presentations on financial capital regulations and forensic data analytics. Join the conversation by attending live financial and accounting presentations and connecting with industry thought leaders.

FACTOR INVESTING IN EUROPEAN OFFICES

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About this talk

AEW Europe