Investments in Life Science Real Estate

Jäger, Sandro, Trübestein, Michael, Aepli, Matthias Daniel

  • 出版商: Springer Gabler
  • 出版日期: 2024-07-26
  • 售價: $3,930
  • 貴賓價: 9.5$3,734
  • 語言: 英文
  • 頁數: 214
  • 裝訂: Quality Paper - also called trade paper
  • ISBN: 3658430540
  • ISBN-13: 9783658430542
  • 無法訂購

相關主題

商品描述

The book empirically analyzes the market, drivers, trends, and building characteristics of life sciences real estate. The findings suggest significant growth potential, supported by strong market fundamentals and demographics. Investors are drawn to the sector's potential for risk-adjusted returns, capital and rental growth, and defensive characteristics. Nevertheless, the high specifications and complexity of laboratories present challenges, including high capital expenditures, maintenance costs, and the need for specialized expertise and networks. The trend towards flexible and modular laboratories and the conversion of traditional assets into lab spaces offer exciting opportunities for investments in life sciences real estate.

Life sciences real estate has gained attention from investors seeking alternative options to traditional real estate sectors. This niche market has seen increased capital inflows and investor interest due to attractive returns and risk diversification. The industry encompasses various specialized subdisciplines, each with unique building and space requirements. However, the complexity and diversity of the sector pose challenges for investors in evaluating advantages, disadvantages, and risks.

This textbook has been recommended and developed for universitary courses in Germany, Austria and Switzerland.

商品描述(中文翻譯)

這本書從實證角度分析了生命科學房地產市場、驅動因素、趨勢和建築特點。研究結果顯示,由於強勁的市場基本面和人口結構,該領域具有顯著的增長潛力。投資者被吸引到這個行業,因為它具有風險調整回報、資本和租金增長以及防禦性特徵。然而,實驗室的高規格和複雜性帶來了挑戰,包括高額的資本支出、維護成本以及對專業知識和網絡的需求。靈活和模塊化實驗室的趨勢以及將傳統資產轉換為實驗室空間的機會為生命科學房地產的投資提供了令人興奮的機會。

生命科學房地產已引起投資者尋求傳統房地產部門以外的替代選擇的關注。由於回報率和風險分散的吸引力,這個利基市場吸引了增加的資本流入和投資者的興趣。該行業包括各種專業子學科,每個子學科都有獨特的建築和空間需求。然而,該行業的複雜性和多樣性對投資者在評估優勢、劣勢和風險方面帶來了挑戰。

這本教科書已經被推薦並為德國、奧地利和瑞士的大學課程開發。

作者簡介

Sandro Jäger MScRE is Investment Specialist, Real Estate & Private Markets, Director at UBS Asset Management Switzerland. He holds a MScRE-degree from Lucerne University. During his research, he especially focused on investments in life science real estate.

Prof. Dr. Michael Trübestein FRICS is professor of real estate management and investments as well as Head of the Master of Science in Real Estate (MScRE)-program at Lucerne University (HSLU). Furthermore, he was elected president of the RICS in Switzerland in 2019. He studied international business administration at the EBS University of Economics and Law (D) and wrote his Ph.D. Thesis at the University of Regensburg (D). He was appointed professor of real estate management at the University of Kufstein (A) for 5 years (2008 - 2013). Since 2013 he has been working as a professor of real estate investment and management at Lucerne University / HSLU (CH). Michael Truebestein is author of various publications in the area of real estate strategies, (international) real estate investments, asset management, real estate markets and digitization. In 2014, he initiated the annual study on "Real Estate Investments and Asset Management" of institutional investors (in cooperation with the ASIP / Swiss Pension Fund Association) and carried out the world's first tokenization of a property in 2019, the "Hello World" in Baar (CH). He serves as a member of the board of directors for an international real estate investment company. In 2021, 2022 and 2023, the Swiss media elected him as one of the 100 most influential and important personalities in the Swiss real estate industry.

Dr. oec. HSG Matthias Daniel Aepli is a lecturer at Lucerne University (HSLU) and an entrepreneur in the real estate sector. He studied business administration at the university of northwestern Switzerland (FHNW) where obtained his Bachelor of Science. At the University of St. Gallen (HSG) he completed the Master of Arts programin banking and finance and received his Ph.D. with his thesis in quantitative finance. Matthias Daniel Aepli is author of various publications in the area of real estate management, investment strategies, asset management, corporate financial management and risk management. Since 2012 Matthias Daniel Aepli has been working as a lecturer of corporate finance, risk management and real estate management at Lucerne University (HSLU) (CH). In addition to his work in academia, he serves as a member of the board of directors and is a renowned serial entrepreneur in the field of real estate.

作者簡介(中文翻譯)

Sandro Jäger MScRE是瑞士UBS資產管理公司的房地產和私募市場投資專家,擔任投資專家、房地產和私募市場總監。他擁有盧塞恩大學的房地產碩士學位,他的研究專注於生命科學房地產投資。

Michael Trübestein FRICS教授是盧塞恩大學(HSLU)房地產管理和投資的教授,也是房地產碩士(MScRE)課程的負責人。此外,他於2019年當選瑞士RICS的主席。他在德國EBS經濟與法律大學學習國際商業管理,並在德國雷根斯堡大學完成博士論文。他曾在奧地利庫夫斯坦大學擔任房地產管理教授5年(2008年至2013年)。自2013年以來,他一直在盧塞恩大學(HSLU)擔任房地產投資和管理教授。Michael Truebestein是房地產策略、(國際)房地產投資、資產管理、房地產市場和數字化領域的多篇著作的作者。2014年,他與瑞士退休金基金協會(ASIP)合作,發起了關於機構投資者的「房地產投資和資產管理」年度研究,並於2019年進行了全球首次房地產資產化,即在巴爾(瑞士)的「Hello World」項目。他擔任國際房地產投資公司董事會成員。2021年、2022年和2023年,瑞士媒體選出他為瑞士房地產行業100位最具影響力和重要的人物之一。

Dr. oec. HSG Matthias Daniel Aepli是盧塞恩大學(HSLU)的講師,也是房地產行業的企業家。他在瑞士西北大學(FHNW)學習工商管理,獲得學士學位。在聖加侖大學(HSG),他完成了銀行與金融碩士課程,並以量化金融為題完成了博士論文。Matthias Daniel Aepli是房地產管理、投資策略、資產管理、企業財務管理和風險管理領域的多篇著作的作者。自2012年以來,Matthias Daniel Aepli一直在盧塞恩大學(HSLU)擔任企業財務、風險管理和房地產管理的講師。除了在學術界的工作外,他還擔任董事會成員,是房地產領域中著名的連續創業家。