The Future of Sale and Leasebacks

IFRS 16, has stimulated increasing sector and press speculation regarding the future of Sale and Leaseback (“S&LB”) activity. With almost all leases now destined for the balance sheet, a S&LB will usually no longer be considered a form of pure off-balance sheet financing. Several commentators have considered this sufficient to pronounce the early death of

Global Investment Spikes

Global commercial real estate investment volume (single-asset, portfolio and entity-level transactions) totaled US$275 billion in Q4—the highest level of any quarter in 2017. A flurry of deals in Asian markets resulted in a record quarter for the APAC region, with transaction volume up by 21.3% year-over-year (Q4 2017 vs. Q4 2016). China’s controls on capital

A Real Highwayman’s Farewell

“The highway’s jammed with broken heroes on a last chance power drive” – Bruce Springsteen, Born To Run I

Take the Money and Run (from Bitcoin)?

“Imagine there’s no countries” – Imagine, John Lennon In May 2017, 300,000 computers worldwide were infected with “Wanna Cry” ransomware, whose creators demanded $300 worth of bitcoin to unlock the computers of unsuspecting users or risk permanent damage. The virus was so serious that it temporarily knocked out the computer network of Britain’s National Health Service

Secondary Shift

In search for yield, product availability, better market performance and/or other factors, capital is moving to smaller markets.

Super Bowl Multifamily Markets – Can Philly Beat Boston?

Super Bowl LII is approaching fast with the New England Patriots, last year’s champs, vying with the high-flying Philadelphia Eagles this coming Sunday. Both teams had a spectacular season and play-off performances. The Patriots are the clear favorites, but Eagles fans discount the New England hype. Ahead of the big game, we have conducted our

How Does the Current Logistics Cycle Compare to the Last?

The European industrial and logistics market has been recovering since 2013 and has been particularly strong in the past year. With yields at all-time lows and capital values above previous peaks in some markets, where are we in the cycle and how much further does it have to run? Where are we in the cycle?

Smell More Roses

“A rose by any other name would smell as sweet.” – William Shakespeare, Romeo and Juliet My New Year’s resolution last year was to smell more roses. At 47 years of age, by my measure I have been going full tilt for more than 30 years. This really started when, at 16, I changed from

Investing in our Heritage

Shophouses are a unique and interesting asset class in Singapore. These units, often narrow small terraced houses, with a sheltered ‘five foot’ pathway in front, are prevalent in Singapore’s architectural history. Many of these units were built prior to World World II and found in the old city centres. Due to their historical significance, many

Keep Running, Logan

“Liberty, freedom, justice. Now things have changed. Now everything comes to us on a platter. Man’s got nothing