Current Activities & Pipeline

BEING COMMISSIONED

Benchmarking Real Estate Investment Performance: The Role of ESG Factors
The increased role that environmental, social and corporate governance factors play in influencing investment decisions presents key challenges to the industry, particularly within the context of increased internationalisation of real estate investment funds. This is an area that has seen rapid development in recent years and, consequently, the availability and consistency of market-based benchmarks vary across countries, which could affect the approach of international investors to benchmarking and lead to different measures being adopted for different markets. The appointment of contractors to conduct a comprehensive and critical analysis of existing ESG benchmarks and to consider their potential evolution will be announced shortly.

Scheduled for publication mid-2019

CURRENT RESEARCH

Occupational Drivers of Investment Performance in the Logistics Sector
The first of a proposed series of studies across a range of property types, will provide original insights into trends in the sector from supply chain consultancy Scoptima. Real Estate Strategies will interpret the investment implications of these changes in occupier requirements to sector performance.

Scheduled for publication Q1 2019

Size & Structure of the UK Property Market: Review of Methodologies and Data Sources
Cass Business School, in association with Intrinsic Value Real Estate Advisers, has been commissioned to undertake a thorough review of this research, which will include a rigorous review of methodologies and an exploration of the new data sources that have emerged over the 13 years since the original study. A year-end 2018 update will also be produced.

Scheduled for publication Q2 2019

Current Practices in Benchmarking Real Estate Investment Performance 
Benchmarks in investment management provide the basis on which performance is monitored and judged. Heriot-Watt University has concluded its investigation into the range and application of benchmarks within private real estate as an asset class. The research examines the selection, composition and use of benchmarks by a range of investor types in the context of UK market practice.
To access the report, click here.

Published October 2018

Long-term Valuation Methodologies in Real Estate Lending
Based on the findings of earlier work by the PIA Debt Group Long Term Value group, the University of Cambridge has been appointed to carry out a detailed analysis and independent testing of the methodologies that emerged. In partnership with the University of Reading, the research team will go on to review alternative inputs and test the efficiency of the models developed, exploring how these methodologies might work at the segment and sub-segment level.
For further information on this project, click here.

Scheduled for publication Q2 2019

UK Residential Attitudes and Investment Survey 2018
This annual survey monitors the level of current exposure, investment intentions and barriers to investment in UK residential property. Based on responses from almost 50 institutions and large-scale investors, survey participants own or manage over £8.2tn of assets globally, of which UK real estate comprises c. £246bn. From the 32 contributors providing data, UK residential investment represents 8.6% of their total UK real estate assets under management.
To access the report click here.

Published December 2018

Size & Structure of the UK Property Market: Year-End 2017 Update
This research updates the 'The Size and Structure of the UK Property Market 2013: A Decade of Change' report, which should also be referred to for methodology and contextual information. The 2017 year-end update examines the total UK commercial property stock by capital value, rental value, floorspace, reversionary yield, sector, IPD segment and investor type. The size and ownership of the residential stock is also examined.
To access the report click here

Published December 2018