Lauren Parr

Lauren Parr is news editor at Real Estate Capital, a London-based publication that covers property finance throughout Europe.

At the ULI Europe Paris 2011 conference in February, former Irish Prime Minister John Bruton said that, in addressing their nations’ economic troubles, Europeans see problems that cannot be fixed, whereas Americans see challenges for which solutions have not yet been found. Learn what he says about Europe’s banking crisis and how to get the monkey off the back of the European economy.
Panelists at a session titled “Around the World in 60 Minutes: Places People Are Investing” at the ULI Europe Paris 2011 annual conference in February said there is money to be made in both emerging markets and developed markets, but that the opportunities differ widely. Find out the specifics as well as which countries saw heavy investment in 2009 and 2010 and which saw the biggest declines.
In a session titled “Making Sense of the Global Economy in 2011” that took place at ULI Europe’s Paris 2011 annual conference in February, it was noted that the United States is recovering faster than Europe because U.S. policy has been much more aggressive in supporting the economy after the crash. Read what attendees had to say about the other challenge facing Europe—the sovereign debt crisis.
Over the medium to long term, commercial property in Europe is believed to be a sound investment, owing to attractive valuations and the relative transparency of real estate markets there. And in today’s low-interest-rate environment, it can provide healthy, predictable cash returns and an opportunity for capital appreciation. Learn what else experts are saying about this important asset class.
The art of securing development finance in today’s market is to “think like a banker.” At least, that is how one prominent European lender sees it. “Don’t make margins your priority focus,” says Peter Denton, head of the London branch for German bank Westdeutsche ImmobilienBank. Read what advice Denton and others have for developers who are trying to improve their chances of securing development finance in Europe.
A back-to-basics approach is the most sensible route for investors to take in the current climate, says Glenn Rufrano, president and chief executive officer of property consultant Cushman & Wakefield. Speaking from experience, New York–based Rufrano warns investors against overleveraging, as well as “betting the ranch,” as Lehman Brothers did. Read Rufrano’s advice about going back to basics.
In response to the financial crisis that pushed several institutions to the verge of collapse, new rules have been drawn up by global financial regulators to improve banks’ stability and prevent a re-run of the downturn. Under the conditions of Basel III, banks must more than triple the amount of capital they hold in order to be able to survive future shocks. Read about which investments will likely become less viable prospects for banks under Basel III.
The ULI Europe Trends Conference gave the 263 people attending a forum at which to explore political and economic trends that will shape property markets this year and beyond. Read what ULI members’ see coming and learn commonsense lessons from the opening keynote, “The Future of the Property Industry,” by Glenn Rufrano, president and CEO of Cushman & Wakefield.
The winners of this year’s ULI Awards for Excellence: Europe, Middle East, and Africa (EMEA) competition share a common element: each is an innovative example of land use that significantly enriches its environment. Yet, it is the contribution of a host of factors that combines to entitle them to the prize, widely recognized as ranking among the land use industry’s most prestigious.
Equity-rich sovereign wealth funds (SWFs) are one of the few investors in a position to take advantage of real estate opportunities presented by the global financial downturn. Who has, and where have they, been cherry-picking the best deals?
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