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INVESCO REAL ESTATE MANAGEMENT

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Last update April 10, 2018 | Report an error

Julien Bernheim

Associate Director - Transaction France-Belgium

Matthieu Charuel

Associate Director-Asset Management France/Belgium

Sébastien Daguenet

Associate Director - Fund Management

Xavier De Saqui De Sannes

Director - Asset Management France/Belgium

Étienne Dupuy

Managing Director-Asset Management,Europe

William Ertz

Senior Director – Fund Management

Paul Joubert

Managing Director, Transactions - Europe

Guy-Young Lamé

European Research Director

Cristiano Stampa

Senior Director Transactions France/Spain/Italy

Office

Invesco, in largest European deal, pays Unibail €789m for Paris Capital 8

In its largest-ever European asset transaction, investment manager Invesco Real Estate is paying €789m for Capital 8, a 45,000 sqm office building in the 8th quarter (...)

Office

Deloitte signs longest-ever Polish office lease in Warsaw's Q22

In the longest lease contract in the history of the Polish office market, audit and financial consultancy giant Deloitte is to extend its occupancy in the prestigious Q22 (...)

Office

US Invesco buys Paris CBD office block, says France is key market

Saying France is a key target market at present, US manager Invesco Real Estate has acquired a major office building in the 9th quarter of Paris, 5-7 avenue (...)

Hospitality

Israeli Fattal Hotels said in €157m Munich Leonardo Royal S-L sale to Invesco

Listed Israeli Fattal Hotels chain is reported to have sold the Leonardo Royal Hotel in Munich for €157m in a 30-year sale-leaseback, with the buyer identified as US-based (...)

Listed

Israeli Adar's stake in Spain's Neinor soars to 27.8%, sparking bid speculation

Israeli-controlled fund manager Adar Capital Partners has now built its stake in Spanish residential developer Neinor Homes to 27.8%, sparking speculation in Spanish media that it (...)

Finance

German TLG shareholder Adar takes largest 9.2% stake in Spain's Neinor Homes

Israeli-controlled fund manager Adar Capital Partners, a senior shareholder in Germany's TLG Immobilien, has built a 9.2% equity stake in Spain's Neinor Homes, making it the largest institutional shareholder (...)

Finance

Norway's €874bn SWF holds 4.8% of Spain’s Neinor after placement

Norway's giant pension sovereign fund has declared a 4.8% investment in Spanish REIT/SOCOMI Neinor Homes after the accelerated book building last week in which the sponsor, US opportunity (...)

Finance

US Lone Star sells remaining stake in Spanish housing firm Neinor

Giant Texas-based opportunity and wealth management group Lone Star has sold almost all its remaining stake in Spanish housing firm Neinor Homes which it floated last March. The US firm (...)

Hospitality

Sweden's Pandox in €908m 37-hotel buy, including UK-Irish Jurys Inn

In a €908m deal, acquisitive Swedish hotel group Pandox has signed with US manager Lone Star to acquire a portfolio of 37 hotels that includes Jurys Inn, a (...)

Investment

Annual economic outlook for 2018

Prospects for a record long business cycle expansion – According to the National Bureau of Economic Research (NBER), the longest business cycle expansion in recorded US (...)

Investment

Quarterly Economic Outlook - Q4 2017

The U.S. business cycle expansion is continuing, as reflected in rising employment, moderate real GDP growth, and rising equity and real estate prices. With inflation below (...)

Investment

Top five considerations for global real estate investing

Most institutional investors are familiar with the appeal of holding real estate. With a low correlation to other asset classes, it can serve as an instant (...)

Investment

Global Fixed Income Strategy: Why is inflation surprisingly low?

Over the past five months, the US has experienced a string of surprisingly low inflation reports. After peaking at 2.7% in February, annual growth in the (...)

Investment

Mid-year outlook for Canada - July 2017

The Canadian economy grew faster than expected in the first quarter of 2017. Real gross domestic product (real GDP) grew at an annualized rate of 3.7% (...)

Investment

Primer on municipal bonds: What investors need to know

Municipal bonds are often thought of as tax-exempt vehicles appropriate only for investors who fall into higher tax brackets. However, municipal bonds can offer potential advantages (...)

Investment

Quarterly Economic Outlook - Q3 2017

The US business cycle expansion is still intact, owing much more to underlying fundamentals such as private sector deleveraging, the recovery of the banks, improved consumer (...)

Investment

Quarterly Economic Outlook - Q2 2017

The Trump “reflation trade” is being undermined by the failure of the new administration to implement planned legislation, specifically the Affordable Care Act (the ACA, also (...)

Investment

Annual Economic Outlook for 2017

Under Donald Trump’s leadership, US gross domestic product (GDP) is widely expected to accelerate. However, I expect only a modest upswing to 2.4% in 2017 and (...)

Investment

Quarterly Economic Outlook - Q4 2016

After the sell-off in major asset markets and in sterling at the end of June, and the subsequent revival during the July-September period of almost all (...)

Investment

Quarterly Economic Outlook - Q3 2016

On 24 June, immediately following the British referendum vote in favour of exit from the EU, financial markets were hit by an abrupt sell-off. Sterling plunged, (...)

Investment

Global Fixed Income Strategy

Rather than a binary event, we believe the UK’s European Union (EU) referendum is best thought of as a continuum of uncertain outcomes, potentially with significant (...)

Investment

Countdown to MSCI China A-Share Inclusion

Whether or not MSCI adds China A-shares to the MSCI Emerging Markets index as part of their next round of updates in June, we believe that (...)

Investment

Invesco Global Real Estate Fund - Q1 2016

Invesco Global Real Estate Fund, declined 1.82% (gross) over the first quarter of 2016, in line with its benchmark, the FTSE EPRA/NAREIT Developed Real Estate Index, (...)

Investment

Top five considerations for global real estate investing

Most institutional investors are familiar with the appeal of holding real estate. With a low correlation to other asset classes, it can serve as an instant (...)

Investment

Quarterly Economic Outlook - Q2 2016

February in financial markets – equities, lower-rated corporate bonds and commodities. The sell-off was based on misplaced fears of recession in the US, added to concerns (...)

Investment

Canadian Balanced Fund - Q1 2016

Over the first quarter of 2016, Invesco Canadian Balanced Fund returned 0.47%, slightly outperforming its institutional benchmark, the 35% S&P/TSX Composite Index/25% MSCI World Index/35% FTSE (...)

Investment

Invesco Global Small Cap Equity Pool - Q1 2016

Global smaller-company equity markets ended the first quarter in positive territory and managed to reclaim the steep declines incurred earlier in the year The combination of (...)

Investment

Invesco International Growth Fund - Q1 2016

Over the first quarter of 2016, Invesco International Growth Fund declined 4.84% (gross of fees), outperforming its benchmark, the MSCI EAFE Index, which declined 9.68% (C$) (...)

Investment

Invesco International Growth (ex‑Canada) Strategy - Q1 2016

On a geographic basis, the Fund’s holdings in emerging markets, an area absent in the benchmark, outperformed developed international markets over the period and were among (...)

Investment

Research and investment strategies - 1T 2016

We expect US growth to remain above trend and inflation to firm through year-end 2016. European growth surprised to the upside in 2015, and will likely continue (...)

Investment

Trimark Canadian Fund - Q1 2016

Trimark Canadian Fund declined 1.71% gross of fees over the first quarter of 2016. The Fund’s benchmark, the 65% S&P/TSX Composite Index/35% MSCI World Index, declined (...)

Investment

Trimark Emerging Markets Strategy - Q1 2016

The Fund’s outperformance was largely a result of the Fund’s holdings in the consumer discretionary and financials sectors performing better than their counterparts in the benchmark. From (...)

Investment

Trimark Fund - Q1 2016

Trimark Fund (gross) declined 2.70% over the first quarter of 2016, outperforming the Fund’s benchmark, the MSCI World Index, which fell 7.21% (C$) over the same (...)

Investment

Trimark Global Endeavour Fund - Q1 2016

Trimark Global Endeavour Fund declined 1.89% gross of fees over the first quarter of 2016. This compares with a return of -6.00% (C$) for the Fund’s (...)

Investment

Trimark Global Fundamental Equity Fund - Q1 2016

Over the first quarter of 2016, Gross units of Trimark Global Fundamental Equity Fund declined 3.74% while Gross units of Trimark Global Fundamental Equity Class fell (...)

Investment

Trimark Income Growth Fund - Q1 2016

Trimark Income Growth Fund seeks to generate capital growth and income over the long term. The Fund invests primarily in Canadian equities, fixed-income securities of Canadian (...)

Investment

Invesco Balanced-Risk Allocation Composite - USD - Q1 2016

The first quarter of 2016 saw the return of volatility in equities post the first rate hike by the Federal Reserve (Fed) since the advent of (...)

Investment

Why should Canadian institutional investors consider global private equity real estate?

For many years, investor motivations for considering real estate have included its characteristic stable income, strong historical relative performance across multiple cycles, and potential diversification benefits (...)

Investment

Trimark Global Small Companies Strategy- Q1 2016

The Fund’s performance over the long term is largely an outcome of the portfolio management team’s (the “team’s”) stock selection. The Fund’s outperformance relative to the (...)

Investment

Research and investment strategies - 4T 2015

Over the last 12 months we have witnessed more than a 50% correction in the oil price from over USD 100 per barrel to less than (...)

Investment

Research and investment strategies - 3T 2015

In this paper, we will present the results of our research into truly active management. Our results show that over the last five market cycles, more (...)

Investment

Research and investment strategies - 2T 2015

The rise in the US dollar may increase funding pressures in emerging market (EM) countries, but we do not foresee a generalized crisis. Concerns relating to (...)

Investment

Research and investment strategies - 1T 2015

Since our last Investor’s Summit in mid-2014, the path of growth across global economies diverged substantially, as we anticipated. After a bumpy start to 2014, the (...)

Investment

Research and investment strategies - 4T 2013

The rapid growth of Asian consumption has made Asian domestic consumer stocks an interesting subsector of the local equity market. Global investors searching for growth in (...)

Investment

Research and investment strategies - 3T 2013

The European debt market has been one of the undoubted successes of the euro project. A large, single currency market has developed to replace the relatively (...)

Investment

Research and investment strategies - 2T 2013

In most developed economies the post-war years since 1945 saw sustained business cycle expansions alternating with shorter recessions. In general, the problem the authorities had to (...)

Investment

Research and investment strategies - 1T 2013

At the beginning of a new year, it is good tradition to reflect on things past and look at what the future may bring. 2012 has (...)

Investment

Real Estate Equity and Debt Securities Performance Indicators - Q1 2013

Real estate securities valuations currently appear fair by longer term standards and relatively attractive from a yield perspective. With generally healthy balance sheets and access to (...)

Investment

Poles apart - Investment implications of our real estate market view

According to our analysis, about 70% of the total long-term return from real estate, listed or unlisted, comes from the usually strong, and largely stable, income (...)