TwitterLinkedIn
Image de la page communication
Menkaura Analysis Europe

“History does not repeat itself, but it does rhyme”

6 May 2015

Since 1985, the increasing synchronisation of national real estate cycles has contributed to trigger banking crisis and economic recessions during cyclical downturns of real estate prices. Currently, real estate financing conditions remain supportive of valuation. As for previous cycles, a possible monetary policy tightening in the medium term remains the main risk for another cyclical downturn.

E-mail - to request a copy of the report. Menkaura Analysis Europe

Are we preparing the next real estate bubble?

14 June 2013

Low bond yields and investor interest shifting to overlooked secondary properties could fuel a second phase of the upwards cycle for real estate. However, real estate valuation is approaching its 2007 pre-crisis level while the financing market is taking off again. The medium-term risk of a new bubble should be closely monitored by investors and lenders alike.

E-mail - to request a copy of the report. Menkaura Analysis Europe

Being a great real estate company is not enough

14 September 2012

According to Mr Sam Zell, founder of Equity Office Properties, European REITs are already great real estate companies, but trade at discounts because they need to become great listed companies as well. Experience shows that European REITs already following a more investor-friendly approach have today more options to raise debt and equity.

E-mail - to request a copy of the report. Menkaura Analysis Europe

Financing: let us make new friends

10 January 2012

Bank financing to European real estate is under cyclical pressure from a squeeze in the interbank funding market and under structural pressure from the effect of the implementation of the Basel III framework. Several options are available for real estate companies to diversify their sources of debt financing.

E-mail - to request a copy of the report. Menkaura Analysis Europe

REITs: Le Crunch France vs. the UK

17 October 2011

While France has announced intended measures to increase taxation for the shareholders of REITs, the UK intends to abolish the conversion charge for new REITs and bring additional flexibility to the UK REIT regime.

E-mail - to request a copy of the report. Menkaura Analysis Europe

Real Estate: Less hype? Not a problem as long as rates stay low

24 May 2011

Investors are coming back to internet companies and are possibly becoming less excited about real estate. This could be good news and reduce the high volatility that real estate has seen in recent years.

E-mail - to request a copy of the report. Menkaura Analysis Europe

Taking share liquidity into your own hands

1 March 2011

Our latest analysis of listed European real estate companies suggests that a proactive and high-quality investor relations strategy contributes to a significant improvement of share liquidity.

E-mail - to request a copy of the report. Menkaura Analysis Europe

Real estate values: between maths and reality

19 January 2011

The development of investments coming from emerging countries combined with a limited increase in real bond yields may continue to support European real estate values.

E-mail - to request a copy of the report. Menkaura Analysis Europe

A new bridge between real estate and the internet

7 December 2010

Hammerson launches a new online initiative to generate more traffic in its shopping centres. We believe that leading real estate companies will be the ones that continue to innovate to defend their position as the economy remains slow.

E-mail - to request a copy of the report. Menkaura Analysis Europe

European offices: towards a blitz recovery

7 September 2010

We believe that the office rental recovery, which started in the prime segment of London and Paris at the beginning of 2010, could continue to surprise on the upside in view of an exceptional shortage of new supply for another two years. But the recovery is likely to be short-lived in the absence of clear medium-term employment growth drivers in Europe.

E-mail - to request a copy of the report. Menkaura Analysis Europe

The right balance of real estate for corporates

16 July 2010

The current environment of very low interest rates makes it a great moment to consider realising value from real estate portfolios for corporates in sectors such as healthcare, retail or hotels. But corporates should carefully consider the different options depending on market conditions and their own strategy.

E-mail - to request a copy of the report. Menkaura Analysis Europe

Avoiding the curse of weak long-term growth

6 July 2010

Europe is likely to face weak economic growth and a declining population over the coming decades, but real estate companies have many options to generate superior returns.

E-mail - to request a copy of the report.
Legal notices | Copyright © 2010-2018 Menkaura - All rights reserved.
Communication CommunicationEN