In 1998, Greg Whyte, then head of REIT research at Morgan Stanley, said the following about listed real estate: “REITs smell like real estate, look like bonds and walk like equity”. We are now twenty-five years later and it pays to dissect this memorable statement, as it has survived the test of time. Not only that, this statement helps to clarify the current situation on the (listed) real estate market. This article is only available in Dutch.
New risks are turning custody into a strategic theme
Custody and administration once seemed like invisible back-office tasks, but they have now evolved into...
