Ongoing Commissioned Projects

Members of the Real estate Research centre have recently been commissioned for the following projects.

Size and structure of the UK Property Market – Tony Key

The IPF has commissioned Cass Business School, led by Professor Tony Key, in
association with Intrinsic Value Real Estate Advisers, 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. Rob Martin, Director of Research at LGIM Real Assets, is chairing the Project Steering Group (PSG), which, together with Dr. Ed Trevillion, Honorary Professor, Heriot-Watt University and Sue Forster, Chief Executive of the IPF, will oversee the research.

An end-2017 update of the UK market will be available before the year end and the full report and end-2018 update are due to be published in Q2 2019.

CRE loan index  - Nicole Lux

Nicole has obtained funding from a City University Enterprise Grant  to pilot a UK lending database study with the aim to create a mortgage performance index. The index will allow to demonstrate the “asset class” performance of CRE lending in general return, risk analysis.

Lenders will be able to benchmark portfolio risk and credit quality and or lending styles against the overall market or matched peer-groups. The study works with key UK lenders and the Bank of England.

Listed real estate securities in real asset funds – Alex Moss

Alex has obtained funding from EPRA for a study on the use of listed real estate securities in real asset funds.

The purpose of this report is to examine:

  • The rationale for a real assets strategy, and provide a clear understanding of the criteria used
  • How current real assets fund strategies differ, in terms of investment objective, investable universe, and benchmark.
  • The current and potential role of real estate securities for a real assets strategy
  • Implementation issues involved in executing a real assets strategy
  • Which infrastructure sectors might be included with real estate to produce a suitable real asset securities benchmark