Investment managers are a type of institutional property investors who play an increasingly dominant role in real estate. In Amsterdam’s residential property market, investment managers constituted just a small proportion of investment actors before the 2008 financial crisis. Following the crisis, however, investment managers started to occupy more powerful positions: a small number of investment managers were responsible for large shares of the total investment transactions. This ‘success’ did not remain unnoticed. From 2014 onward, once the economy recovered, we can observe the emergence of many new actors in the residential property market, whereby a fine-grained picture of numerous investment managers with small market shares stands out.
|Date||30 October 2020|
The aim of this seminar session is to zoom into the rise and metamorphosis of investment managers in Amsterdam. Who are these investment managers? What gave rise to their growth? And how does the future look for this actor group considering the effects of covid19? In much critical urban studies literature, investors are generalized and knowledge on investor differentiations is limited. Even though issues surrounding institutional investment in cities have recent heightened attention in recent years, sub-categories of institutional investors are seldomly discussed. The session highlights why in-depth research on investment managers requires interdisciplinary bridges and is urgently needed to further our understanding contemporary urban investment dynamics.
Marleen Bosma-Verhaegh - Head of Research & Strategic Advisory / Bouwinvest
Tuna Tasan-Kok - Professor of Urban Governance and Planning / University of Amsterdam
Xavier Jongen - Managing Director / Catella Residential Investment Management
This project is supported by the Centre for Urban Studies