Cases

Real estate investments in the ELTIF shell – a new magic formula?

For years, asset managers in Germany could only launch open-ended real estate funds under the German Capital Investment Code (KAGB). With the ELTIF, an alternative is imminent. Robert Guzialowski from HANSAINVEST explains when the ELTIF will be ahead as a real estate fund.

Net Operating Income: The Central Value Driver in the New Real Estate Cycle

Value adjustments, refinancing pressure and changing user needs are currently encountering an oversupply of space that is no longer up to date. Tobias Moroni spoke to Dr. Oliver Voß, Managing Director at Institutional Investment Consulting Partners, about opportunities, timing and the role of net operating income.

Infrastructure Asset Class Battery Energy Storage Systems (BESS) – Some (technical) insights into practice

Large-scale battery storage systems (BESS plants) that can be monetized in the electricity and balancing power market are increasingly attracting the interest of institutional investors as an infrastructure asset class – most recently due to return expectations in the double digit range (proclaimed by fund providers).

All seven Aroundtown Center Parcs in Germany, Belgium and the Netherlands – the first holiday parks ever to receive BREEAM sustainability certification

NordVest: Infrastructure Fund for Transformation: Financing Solutions for Energy, Heat and Mobility Transition

New study by Wüest Partner: CO₂ emissions are empirically proven drivers of real estate values for the first time

How does a building's CO₂ emissions affect its market value? A new study by Wüest Partner provides reliable empirical evidence for the first time.

Office real estate: Is an investment still lucrative now?

The office sector is not currently very popular with institutional investors. Whether office properties are a discontinued model – or whether opportunities are emerging for investors from the market shakeout right now.

Expropriation law would also affect private apartment buyers

The law on the transfer of residential real estate into public ownership has the potential to bring the Berlin residential real estate market to a complete standstill for years, says lawyer Uwe Bottermann.

Challenges of taking on asset management mandates

The German real estate market has changed radically: Today, it is no longer quick transactions that count, but operational know-how and experienced specialists. The assumption of mandates is a much-discussed topic.

UK Water: A Contrarian View

UK Water is going through a public and investor relations nightmare. Water nowadays has the toughest PR amongst infrastructure sectors as the public tends to get much more emotional about water compared to other utilities.

German residential property can be a winner from new US tariff policy

Affordable housing is in short supply across Germany, particularly in urban areas, where demand far exceeds supply. This situation has been made worse by a sharp decline in new construction.

German office building converts real estate portfolio completely to green electricity

Savings of around 6,000 tons of CO₂ per year. Advice and implementation by Westbridge Advisory. In the future, a uniform power supply will be provided by Stadtwerke Bonn.

Fund Risk Limitation Act: Conflict of Interest Directive for Service and Master AIFMs – and the interests of investors are already protected?

In future, investment management companies (KVG) that set up or manage funds on the initiative of third parties will have to explain to BaFin in detail how they identify, prevent, manage and disclose conflicts of interest.

Systemic handling of regulatory data – Are capital management companies on an equal footing with CRR institutions?

In the increasingly data-driven world of finance, the topic of data management for AIFMs is increasingly coming into focus – both in terms of quality, availability and security as well as with regard to the strategic use of data.

Nursing Home Atlas 2025: Investment pressure, location quality and ESG requirements characterize the nursing home market

Wüest Partner expects an additional demand of up to 145,937 nursing home places by 2040. Nursing homes with good location factors and good operator quality or creditworthiness are once again becoming the focus of investors.

New logistics survey from Brookfield Properties, Savills and Analytiqa shows growing confidence among investors and developers, but caution among users

Investor and developer confidence is increasing, with 41% of users expecting to expand their warehouse space next year, up 12 percentage points from last year.

Institutions for Occupational Pensions and Alternative Investments: Impact of EIOPA’s Technical Input of 8 September on the Development of this Asset Class

The aim is to overcome the fragmented internal market for occupational pensions and to channel the capital of pension institutions more towards long-term investments such as private equity, infrastructure, private debt and real estate.

Regulatory data – The backbone for special fund providers

News & Insights on Reporting & Data Management of Real Asset Funds

Solvency II vs. Solvency UK: Two paths, one goal – and how products can best match

Real infrastructure’s revival

A change in interest rates is bringing a renewed appetite for core and core-plus strategies, says Arjun Infrastructure Partners’ founder Surinder Toor, and the mid-market is also on LP radars

Liquidity – protective shield in the storm – or just a promise of good weather?

With a whole toolbox of liquidity management tools (LMTs), the regulation aims to create more stability for open-ended investment funds in the future. But are they really a protective shield in the crisis – or in the end just a promise of good weather?

Future Outlook & Recommendations for Action

'Farsightedness decides: How institutional portfolios will be successfully positioned in 2030'

ELTIF vs. LTAF – Brussels builds motorways with a forest of signs, London lets the Jaguar roll in the roundabout

The sales apparatus in Europe has enthusiastically pounced on the ELTIF 2.0. This makes it all the more interesting to look over the fence: With the LTAF, London is showing that retail investors can organise access to illiquid investments in a completely different way.

The Art of Successful Portfolio Transformation

'From patchwork to strategy: How a sustainable portfolio is created from individual measures'