The prospect of interest rates falling from their recent highs is supportive of valuations albeit tempered by economic uncertainty. The growing European long income property market provides a good source of such assets, with greater than EUR1bn of pipeline to a diversified set of sectors and pan European geographies.
Over the quarter, the nominal gilt curve has shifted down by around 25 basis points across the medium to longer maturities.
A broadly parallel upward shift of approximately 20 basis points is evident across the nominal gilts curve, with yields reaching multi-year highs.
AlphaReal, the specialist real assets investment manager, is pleased to announce the acquisition of a fully consented 12MWp solar development, located near Arbroath, Scotland.
The short-term nominal curve shows a decrease in yields for tenors under 20 years, while remaining relatively flat at the longer end of the curve.