THE ECONOMY - ANNUALISED GDP GROWTH 2017 TO 2022


Developing Economies World


United Kingdom Advanced Economies BRICs


United States Eurozone


Source: Oxford Economics 0%


1% 2% 3% 4% 5% 6%


“The global economy has been going through a synchronised expansionary phase which is set to continue over the next five years.”


CAPITAL AVAILABILITY - GLOBAL FUND ASSETS UNDER MANAGEMENT Institutional


20 40 60 80 100


Source: IPE (Top 400 instituional funds), PERE, SWFI 0


2013 2014 2015 2016 2017 Private Equity Sovereign Wealth


“Global capital remains at staggering heights, partly the result of increased asset value, partly the result of demographic pressure.”


FUND ALLOCATION TO PROPERTY - % OF AUM & VALUE


10.3% 10.1% 9.9% 9.6%


9.3% $5.3tn


Source: Hodes Weill & Associates, 2017. AUM = assets under management 2014


2015 2016


‘REAL’ 10-YEAR BOND YIELDS UK


EZ


-5% 0% 5% 10%


Source: Oxford Economics (January 2018). Real yields = nominal yields - CPI inflation. US Japan 2017 2018f $7.5tn $7.2tn $6.2tn $5.4tn


“Capital fund allocations to property continue to increase in percent terms and absolute terms.”


UK Property


“Increasingly, it looks as though the 36-year bull market in global bonds has run its course.”


When will the tide turn on commercial property? MIPIM 2018 | Colliers International


5


£trilion 1984


1989


1994


1999


2004


2009


2014 2017


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16