Our approach to real estate investment
We focus on targeted locations and sectors, developing a deep knowledge of local markets, building strong relationships with key players and providing access to selected real estate opportunities.
Our team’s technical expertise combined with environmental, social and governance (ESG) integration,* allows us to create value for investors in European real estate. We have proven advantages in terms of market access, and in our ability to deploy capital quickly and efficiently.
Potential benefits of real estate strategies
Direct, thematic investors
We are direct investors, utilising our extensive network to source opportunities across real estate equity and debt, at different points on the risk spectrum. Our reputation as a trusted counterparty in the European real estate market means we see a significant volume of “off-market” opportunities. We combine in-house expertise with specialist platforms to create long-term pipeline and scale.
Market reputation and reach
We have over five decades’ experience in UK and European real estate. Our research-led, thematic approach to investing allows us to be disciplined in originating and executing transactions, in opportunities we believe will deliver the best risk-adjusted returns for our clients. Rigorous relative value analysis is an essential part of our portfolio construction process.
Responsible investment solutions
Our award-winning product suite and investment capabilities provide our clients with access to responsible investment solutions. We have pioneered proprietary tools, such as our Sustainable Transition Loans framework, to ensure responsible investment is truly embedded at the heart of our investment process for both debt and equity.*
*ESG integration means the integration of ESG factors and consideration of sustainability risk as part of the investment decision making process. This process is applied beyond any specific binding constraints (in the objective or strategy of the fund as detailed in the prospectus or investment management agreement and in accordance with our Baseline Exclusions Policy). The investment manager retains discretion on decision making taking all risks into account, beyond any binding criteria.
Key risks of real estate strategies
Investment risk
The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.
Real estate risk
Investments can be made in real estate, infrastructure and illiquid assets. Investors may not be able to switch or cash in an investment when they want to because real estate may not always be readily saleable. If this is the case we may defer a request to switch or cash in shares or units. Investors should also bear in mind that the valuation of real estate is generally a matter of valuers’ opinion rather than fact.
Strategies in focus
Need more information?
For further information, please contact our investment sales team.
Real estate team
Ben Sanderson
Managing Director, Real Estate
Gregor Bamert
Head of Real Estate Debt
Renos Booth
Head of Real Estate Long Income
Explore our Private markets range
Private markets views
-
Illiquidity premia in private debt: Q3 2024
30 Oct. 2024
In our latest private markets deep dive, our research team crunches the data to see how evolving macro conditions are reflected in private debt returns.
-
Seizing the moment: The outlook for real estate debt
24 Sep. 2024
Gregor Bamert, Sima Kotecha and Nick Solomon discuss the recovery in real estate debt markets in 2024 and the opportunities emerging.
-
Get networking: Will the next decade be a golden age for UK infrastructure?
3 Sep. 2024
While there are obstacles to overcome, the coming years could see new opportunities for the UK government and the private sector to work together on infrastructure projects, says Darryl Murphy.
-
Illiquidity premia in private debt: Q2 2024
6 Aug. 2024
In our latest real assets deep dive, our research team explains how our data on illiquidity premia indicates the benefits of a multi-asset approach to private debt investing.
-
Relative value in real assets: A spectrum of opportunities
2 Aug. 2024
Our real assets research team drills into proprietary data to compare risk and return across sectors.
-
Rents, rates and the refinancing gap: The outlook for real estate debt
19 Mar. 2024
After a challenging 12 months for real estate debt investors, Gregor Bamert discusses what lies ahead for the market in 2024.
-
Illiquidity premia in private debt: Q4 2023
12 Mar. 2024
In our latest real assets deep dive, our research team crunches the data to see how evolving macro conditions are reflected in private debt returns.
-
Common ground: Earning a social licence to operate in real asset investing
18 Jan. 2024
Successful real asset investing requires acceptance of asset managers’ practices and procedures from a variety of stakeholders. We explore what this means for managers, their clients and investment outcomes.
-
Plus ça change…The outlook for infrastructure debt in 2024
11 Jan. 2024
Infrastructure demonstrated characteristic resilience in 2023 in the face of significant macroeconomic headwinds. Darryl Murphy from our infrastructure team explains why he expects current themes to persist in 2024.
-
Tech, trees and tailwinds: The outlook for climate transition real assets
9 Jan. 2024
In this Q&A, James Tarry and Luke Layfield explore the themes shaping the landscape for real asset investors with a climate transition focus.
-
Changing course: Creating a stable investment framework for offshore wind
30 Nov. 2023
Better market mechanisms and grid connection arrangements are essential to restore a stable investment environment in the offshore wind sector, as Nick Molho explains.
-
Illiquidity premia in real assets: Q3 2023
17 Nov. 2023
Our real assets research team crunch the data to see how evolving macro conditions are reflected in private market returns.
-
Against the current: Seeking resilience in real estate equity
19 Oct. 2023
A broad-based recovery in UK and European real estate looks unlikely in 2023, but discerning investors can still find value, say Imogen Ebbs and George Fraser-Harding.
-
As one door closes… How changes in long income are creating value opportunities
3 Oct. 2023
Renos Booth, Isabel Gossling and Kris McPhail from our real estate long income team discuss the importance of selectivity to uncover opportunities and how new buyers can fill the void left by DB pension schemes.
-
Relative value in real assets: Q2 2023
14 Sep. 2023
Our real assets research team drill into proprietary data to compare risk and return across sectors, drawing out those showing most relative value.
-
Deals delayed and crowded trades…But investors can still find value in infrastructure debt
4 Sep. 2023
Private infrastructure debt still offers a broad spectrum of opportunities, but investors face complex challenges. In this Q&A, our infrastructure debt team contemplate the current state of the market and where it goes from here.