We believe that real estate warrants consideration in most investment strategies. Long-term investment objectives mean that investors have increasingly recognized that real assets have the potential to provide good diversification and an attractive risk/return profile.
State Street Global Advisors Europe has been providing real estate asset management services to institutional investors since 1981 and currently manages circa €1.4bn1 in direct and indirect real estate assets located in Ireland, the UK and continental Europe.
The Real Estate team, based in Dublin, manages portfolios comprising more than 90 buildings with in excess of 300 leases/licences, and a combined rent roll of c. €65m per annum1. The portfolios are primarily invested in the three main sub-sectors of the market, comprising offices, retail and logistics buildings.
1 Source: State Street Global Advisors as at 31 December 2020.
At State Street Global Advisors Europe, we adopt a fundamental approach to real estate as an asset class. With our extensive relationship networks within local markets we are well positioned to assess the relative value of the asset class and identify the macroeconomic forces that are likely to influence returns across both geographies and sectors of the market.
This approach is central to our process of developing portfolio strategies which are in turn implemented by our experienced team of real estate professionals.
As no two properties are the same, our formula for delivering performance to clients is through the identification and exploitation of opportunities to add value to the assets that we manage.
The type of projects our team is actively involved with on a daily basis include lease buybacks/re-gears, building refurbishments, letting management, rent review negotiations together with the development and implementation of buy/sell/hold strategies for individual assets.
Potential for Strong and Stable Income Returns
Offers an Efficient Hedge Against Inflation
An Investment Backed by Real Assets
Head of Real Estate
Senior Portfolio Manager
Senior Real Estate Asset Manager
Senior Real Estate Asset Manager
Important Risk Information
For Institutional /Professional investors use only.
Ireland: State Street Global Advisors Europe Limited is regulated by the Central Bank of Ireland. Registered office address 78 Sir John Rogerson’s Quay, Dublin 2. Registered Number: 49934. T: +353 (0)1 776 3000. F: +353 (0)1 776 3300.
Investing involves risk including the risk of loss of principal.
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The views expressed in this material are the views of the State Street Global Advisors Europe Real Estate Team and are subject to change. This document contains certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected.
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The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2014/65/EU) and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor's or potential investor’s particular investment objectives, strategies, tax status, risk appetite or investment horizon. If you require investment advice you should consult your tax and financial or other professional advisor.
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Investing in REITs involves certain distinct risks in addition to those risks associated with investing in the real estate industry in general. Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of credit extended. REITs are subject to heavy cash flow dependency, default by borrowers and self-liquidation. REITs, especially mortgage REITs, are also subject to interest rate risk (i.e., as interest rates rise, the value of the REIT may decline).
The value of any Properties acquired may rise or fall and may do so at different rates. The property market is cyclical and a loss could be incurred if any Property was to be sold during a downturn. Property is an illiquid asset class and delays could occur in realising the sale of any Property. The Net Asset Value of a Fund may fluctuate as property values and rental incomes rise and fall. Whilst returns from Property investments have the potential for attractive returns over the longer term, the short-term volatility of these returns can also be high. Property is a physical asset and as such is subject to obsolescence and environmental risks, such as earthquakes, pollution, flooding etc. which will impact on value.
There are risks associated with investing in Real Assets and the Real Assets sector, including real estate, precious metals and natural resources. Investments can be significantly affected by events relating to these industries.
The WindWise Property Fund, previously known as State Street Global Advisors Property Unit Trust was authorised by the Central Bank of Ireland as unit trust pursuant to the Unit Trusts Act, 1990 and the European Communities (Alternative Investment Fund Managers Directive) Regulations 2013 (as amended) as a Qualifying Investor Alternative Investment Fund on 31 March 2015. This document should be read in conjunction with its Prospectus and Supplement. All transactions should be based on the latest available Prospectus and Supplement which contain more information regarding the charges, expenses and risks involved in your investment. Prospective investors may obtain these reports free of charge from State Street Global Advisors Europe Limited, regulated by the Central Bank of Ireland. Registered office address 78 Sir John Rogerson’s Quay, Dublin 2. Registered Number: 49934. T: +353 (0)1 776 3000. F: +353 (0)1 776 3300. Web: ssga.com.
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