Core-real estate investments in times of crisis : exemplified by the Frankfurt and London office market / David A. Pieper.

Format:

Book

Author/Creator:

Pieper, David A.

Language:

English

Subjects (All):

Real estate investment--Germany--Frankfurt am Main.

Real estate investment.

Real estate investment--England--London.

Physical Description:

1 online resource (89 p.)

Place of Publication:

Hamburg : Anchor Academic Pub., 2013.

Language Note:

English

Summary:

Hauptbeschreibung Currently, the crisis situation is driving the real estate markets around the world. Mainly in focus are so called ,core'' real estate investments: the most stable, nicest looking, most rented out and most ideally located investments. With these investments, investors intend to eliminate almost all risks. But are they really able to do so? This book takes a closer look at the asset class and investment strategy ,core'' and tries to promote a clearer understanding of what ,core'' really is and what requirements this investment category has to fulfill. Furthermore, a new detent

Contents:

Core-Real Estate Investments in times of crisis; Arrangement; List of Abbreviations; Index of Tables; 1 Introduction; 1.1 Leading-in; 1.2 Problem Statement; 1.3 Goals of Studies; 1.4 Approach; 2 Classification of the real estate asset class and strategy "core"; 2.1 Current definition of core; 2.2 Market for office core investments - putting core into general context; 2.3 Requirements to the asset class core; 2.4 New definition of "core"; 2.5 Potential risks to core investments; 2.5.1 Geographical and market risks; 2.5.2 Volatility risk; 2.5.3 Change of location risks; 2.5.4 Illiquidity risk

2.5.5 What is labeled core is not necessarily core risk2.5.6 Tenant and renting risk; 2.5.7 Refurbishment and or sustainability costs risk; 2.5.8 Demographic factor risks; 2.5.9 Potentially overheated prices risk; 2.5.10 Secondary investment risk; 2.5.11 Inflation risk; 2.5.12 CMBS risk; 2.5.13 Last resort risk; 3 The two markets and there characteristics and differences as example; 3.1 London office market; 3.1.1 Where are the core markets?; 3.1.2 Characteristics of this market; 3.1.3 Is core potentially overheating?; 3.2 Frankfurt office market; 3.2.1 Where are the core markets?

3.2.2 Characteristics of this market3.2.3 Is core potentially overheating?; 4 Sovereign and financial crisis and their impact on commercial real estate; 4.1 The current situation and crisis definitions; 4.2 Drivers of crises, is this a normal crisis behavior and situation?; 5 What are the alternatives to office core commercial real estate?; 5.1 Where are institutional investors currently invested in?; 5.2 Potential Alternatives; 5.2.1 Core Retail; 5.2.2 Core Residential; 5.2.3 Core Investment in emerging markets; 5.2.4 Core locations but not core markets; 5.2.5 Secondary

5.2.6 Refurbishments and or management optimizations5.2.7 Development of core buildings; 5.2.8 Blue-Chips; 5.2.9 Debt; 5.2.10 Holding Cash; 6 Conclusion; 6.1 Final Statement; Reference List

Notes:

"Disseminate knowledge"--Cover.

Includes bibliographical references.

ISBN:

3-95489-505-6

OCLC:

854977186