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We are independent investment advisors on UK and Continental European commercial and residential property Economics - analysis of macro economic factors applicable real estate performance, including secular and cyclical changes Development of long-term investment strategies and short-term tactics Direct property research – offices, retail, industrial (logistics), alternatives (student accommodation, hotels, etc), residential sectors Rental and capital value cycles Development Reports, including the creation of spreadsheet models for individual projects and portfolio analysis Indirect property – quoted real estate equities, structuring of private equity vehicles Analysis of investment propositions and property company accounts In-house presentations, lectures, and talks Training courses in conjunction with Penhallow Associates
UK institutions - like their European counterparts - are assembling portfolios of residential property for investment purposes. Having been somewhat cautious over the last few years, private investors are now reported to be buying as well. Do they know what they are doing?
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We provide two types of research services Working with fund managers, investors, institutions, we provide the analyses and risk assessments that contribute to the structuring and adaptation of portfolios to adapt to changing conditions and market pricing Through our sister branding, White Label Research, we contribute to the production of presentational material for marketing and corporate purposes, including presentations, articles, slide packs, prospectuses, teasers, charts, graphics, to help raise capital and meet client reporting requirements
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London is the mega-city of Europe, and its population has been growing over the decades. It offers some of the best paid jobs in investment banking and professional services, attracting workers from all over Europe. Has the Covid-19 pandemic changed that?
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We posted a number of short articles to LinkedIn in 2016 and 2017. The contexts may now be historic but there are important points that are still relevant today.
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We have produced and digested a lot of research over the years. Read about the common mistakes that researchers can, and do, make.
The 2016 Brexit vote was not a great time for economists and researchers. We explain what went wrong. Can they recover their credibility ?
Naive or deliberate Naive or deliberate
I n the search for secure income-producing investments and for diversification, many investors have been turning to real estate and infrastructure assets. Consequently, the prices of many real assets (such as logistics or residential) are at, or are close to, their all-time highs, while the relatively limited liquidity and transparency of real asset private markets means that the deteriorating values of some assets (such as retail) have taken some time to be properly recognised by investors. The risks are now skewed to the downside.
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We have two upcoming training courses in real estate - one on direct property and the other on indirect property.
We are sometimes asked about the derivation of ‘VARE’ in VARE Consulting. The answer is that it stands for ‘Virtual And Real Estate’. This is not meant to be just a play on words: it embodies our belief that achieving performance from real estate is as much about understanding the non-physical aspects, such as the financial structure or economic scenario, as it is about the physical property
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During the current ‘lock- down’, our telephone will not be answered and there will be nobody at our address. Please email us.
Depreciation Depreciation
Depreciation is almost always mis-priced or ignored in appraising investment propositions.
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