Engaging the future
Investing in tomorrow’s world
The real estate industry is well accustomed to dealing with cyclical change. However as we look to the future, it is essential to understand the fundamental structural change and disruption occurring in the industry. A collaboration between Nuveen Real Estate and MIPIM, with contribution from ESSEC Business School’s students, this report includes our thoughts on the main drivers of structural changes that we believe are most relevant in shaping the future of real estate. We also highlight our favorite ‘MIPIM talk’ topics from this year’s conference.
We recognize three main categories of structural change —
All three categories overlap, complement and reinforce each other. As well as being a potential threat, we believe this disruption presents opportunities to create value. Therefore, it is key to have a deep understanding of the character and scope of these three mega-trends in order to harness such opportunities. At Nuveen Real Estate, taking a strategic approach to these structural disruptors is part of our tomorrow’s world philosophy. This sits at the core of our investment process, informing our long-term view of real estate investments for the enduring benefit of both clients and society.
Issued by Nuveen Real Estate Management Limited (reg. no. 2137726), (incorporated and registered in England and Wales with registered office at 201 Bishopsgate, London EC2M 3BN) which is authorised and regulated by the Financial Conduct Authority to provide investment products and services. Telephone calls may be recorded and monitored. This document is not directed at or intended for any person (or entity) who is citizen or resident of (or located or established in) any jurisdiction where its use would be contrary to applicable law or regulation [or would subject the issuing companies or products to any registration or licencing requirements]. The information presented herein is the opinion of and proprietary to Nuveen Real Estate. This material not to be reproduced in whole or in part or used for any purpose except as authorized by Nuveen Real Estate. This document is for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any investment, product or service to which this information may relate. Any assumptions made or opinions expressed herein are as of the dates specified or if none at the document date and may change as subsequent conditions vary. In particular, this document has been prepared by reference to current tax and legal considerations that may alter in the future. This document may contain “forward-looking” information or estimates that are not purely historical in nature. Past performance is not a guarantee of future results. Such information may include, among other things, illustrative projections and forecasts. The information presented in these materials is believed to be materially correct as at the date hereof, but no representation or warranty (express or implied) is made as to the accuracy or completeness of any of this information. Nothing set out in these materials is or shall be relied upon as a promise or representation as to the past or future. Real estate investments are subject to various risks, including fluctuations in foreign currency values and property values, higher expenses or lower income than expected, and potential regulatory and environmental problems and liability. There is no guarantee that any projections or forecasts made will come to pass. Nothing in this document is intended or should be construed as advice. Please be aware that this description may be amended or revised from time to time without prior notice. Nuveen Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA). Nuveen Real Estate securities products distributed in North America are advised by U.K. regulated subsidiaries or Nuveen Alternatives Advisors LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, member FINRA.