Irish Pensions Property Funds Market Analysis & Outlook

[Bostonorberlin]

I thought this made for interesting reading. More evidence Brian Lenihan, Brian Cowen and the FF/Green Govt are lying to the populace in their NAMA spin re commercial property outlook in Ireland.

I dont recommend reading of this for any ‘Monster Raving Loony’ Green party memebers, theres all sorts of analysis, forecasting and figures in here, dont bother yourselves with that, it might hurt your heads, you can just continue knitting jumpers for rabbits.

Taken from the Irish Life Investment Managers - Irish Property Fund ilim.com/flyers/Active_Fund_Fact_Sheets/PPI.pdf
ilim.com/flyers/Active_Fund_Fact_Sheets/PPI.pdf
2009 YTD -14.6%
1 Year -42.8%

**This is an actively managed property fund, which aims to give members access to Irish commercial property.**Investment Objective
The fund gives investors access to the long-term growth potential of Irish commercial property. **The fund does not invest in residential
property. We actively manage our portfolio of approximately 50 prime commercial properties to generate a blend of rental income and
capital growth.**It is suited to investors who want higher growth potential than deposit accounts can offer over the long-term but with a lower risk profile
than equities.
How the Fund Operates
The fund is invested in a well diversified spread of commercial property with a mix of office, retail and industrial properties. The
properties are let on long-term leases to a portfolio of blue-chip tenants. This gives the fund a steady and secure source of income.

**OUTLOOK **

Reflecting the current economic and credit conditions, the Irish Commercial Property Index is expected to record a fall in capital values of approximately 17% over the next 6 months, bringing the fall in values from the market peak to over 50%.The investment market continues to suffer with the debt finance drought, lack of investor equity and low tolerance for risk preventing
activity. The recent announcement of the creation of NAMA has in the short term added to the problem as banks and
investors/developers adopt a “wait and see” approach on what might happen to impaired or potentially impaired assets in the banking
system.
The major driver of property valuations is the impact of the economic recession on rental values, which has a direct impact on capital
values. All sectors of the market are being hit, most notably the retail sector which is suffering from a significant weakening in consumer
demand.
Outlook
Looking ahead, despite the significant level of re-pricing to date, it is likely that property values will continue to experience downward
price pressures in H2 2009 with a continued focus on rental values.

Any takers for a Glass bottling site .
Maybe someone else can look up the other Irish pension funds Irish porperty funds fact sheets.

[spqr64]

Knowing and having read trheir literature in the past then the outlook is dire if they admit to this being or expected to be market performance over the next 6 months+.

[bodyofevidence]

They are wrong. As are the nobel laureates. and the domestic economists. If they were right sure NAMA would be a scam of gigantic proportions…