Real estate equities had a difficult month, as rising bond rates and fears of reflation pushed investors away. Our view remains firm: for sectors where there is little oversupply, then the demand created by economic reflation is most welcome. Simply put, not all real estate is equal, and we remain focused on asset types that… Read More »
January 2021 has been described by one real estate equity broker as ‘a long year’ and that neatly sums up what has been a tumultuous month. The net asset value (NAV) movement at -3.1% and the benchmark fall of -3.7% belies a huge amount of activity which led to very high levels of volatility and… Read More »
December brought a positive end to a difficult year for Pan-European real estate. The Trust’s benchmark recorded growth of +3.7% (GBP) over the month, but finished the calendar year with a total return of -5.7%. Given that over the first quarter of 2020 the benchmark had a total return of -22.7%, the last nine months… Read More »
What a month. There was a full-scale reversal of October (when our benchmark fell -4.8%), fuelled by the very impressive vaccine news. Markets were keen to look beyond the ongoing repercussions of lockdown and the current restrictions to the sunny uplands of a post-vaccine normalisation. Pan-European real estate equities in sterling rose +12.6%, slightly behind… Read More »
Click here for the Sept 2020 Interim Report