Hints and tips:
...In such a world, trimming bonds to add real estate, commodities or Treasury inflation-protected securities may make sense....
...Intu Properties is up a bit after confirming a Sunday Times report that Link Real Estate, a Hong Kong Reit, was in talks to back its rescue rights issue....
...In that case we get the much-discussed V-shaped recovery in the third quarter....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...However, some real-estate markets in Europe are seeing difficulty completing transactions during COVID related lock-downs. This can shift risk perception meaningfully....
...The Brexit shock was delayed, but is coming, and net exports and cheaper real estate won’t compensate for policy uncertainty and declining investment....
...Activity in some narrowly-defined sectors such as commercial real estate has weakened sharply up to and following the referendum....
...Real estate and tourism have declined, both of which employ 10m directly and indirectly,” he says. Still, he adds: “Businessmen see problems as opportunities.”...
...He notes, too, that the UK’s recovery is built on sand....
...Mohammed al-Shaibani, chief executive of ICD, which controls government holdings such as Emirates Airlines, says ICD is “looking forward to participating in the recovery of the Dubai real estate market”....
...Italy V Ireland....
...Both Mr Montasser and Credit Suisse acknowledge Egypt’s exposure to the risk of inflation but Mr Montasser says Egyptian real estate and sectors such as cement and fertilisers can pass on cost increases....
...“There’s a real problem in finding fraud after the fact because the money is already out the door and you won’t get the recovery,” says Ms Gelernt....
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