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Listed Real Estate

Global opportunities in listed real estate equity

Alternative Credit

Alternative Solutions

Real Assets

What’s new

Who we are

Our listed real estate strategy aims to provide long term capital growth and income by investing worldwide in shares of companies related to the real estate industry while promoting environmental, social and governance characteristics.

What sets us apart

Experienced team

HSBC Asset Management has 20 years of experience in real estate investing

Global expertise

Access global real estate markets, with our team of analysts covering over 60 real estate markets across the world

A focus on risk management

We focus on large-cap, income-producing, low leverage real estate

Why listed real estate


1. Moody’s data: Examining Infrastructure as an Asset Class, 2021; Direct Lending vs Liquid Markets - Arcmont Asset Management, 2022

If you are considering investing in alternatives, or want to learn more about our investment strategies, please get in touch.

Ready to talk?

A glimpse into the investments

Healthcare

Encompasses senior living facilities, hospitals, and medical offices

Data Centers

Dedicated to properties supporting internet infrastructure, cloud computing, and IT services

Residential

Includes multi-family units, single-family units, and other residential housing developments

Industrial

Includes warehouses, logistics facilities, and manufacturing-related properties

Self-Storage

Facilities used for personal or business storage

Hospitality

Covers hotels, resorts, and other tourism-related properties

We aim to drive significant impact through our expertise, uncovering resilient real estate opportunities that adapt to market shifts and foster sustainable, long-term growth."

Nick Leming
Head of Listed Real Estate

Leadership

Nick Leming
Head of Listed Real Estate

Guy Sheppard
Global Property Market Analyst

Tom Carlton
Senior Portfolio Manager

Key Risks

Investing involves risk and the value of an investment and the income from it may fall as well as rise. You may not get back the full amount invested.

The risks in relation to infrastructure can generally be grouped into: completion, prepayment, technological, raw materials supply, economic, financial, currency, government contract, political, regulatory, privatisation and industry restructuring, environmental and force majeure risks – the latter category concerns the risk that some discrete event might impair or prevent altogether, the operation of the project for a prolonged period of time after the project has been completed and place in operations. More detailed information is contained in the Offering Memorandum.

Completion risk has a monetary aspect and a technical aspect. The monetary element concerns the risk either that a higher-than-anticipated rate of inflation, shortage of critical supplies, unexpected delays, an underestimation of construction costs or a lower-than expected price for the project’s output might cause the project to be no longer be profitable. The technical element is where the project may prove to be technically infeasible; environmentally objectionable or require such large expenditures to become technically feasible, that the project becomes uneconomic to complete
Prepayment risk is the risk that a loan or investments is repaid earlier than expected with the result that the term of the loan or investment is shortened; the interest paid in respect of that loan or investment is reduced and the yield is adversely affected
Technological risk exists when the technology, on the scale proposed for the project, will not perform according to specifications or will become prematurely obsolete. The risk of technical obsolescence following completion becomes particularly important when a project involves a state-of-the-art technology in an industry whose technology is rapidly evolving
Raw Material Supply risk is particularly in connection with natural resource projects, where there is a risk that the natural resources, raw materials, or other factors of production necessary for successful operation may become depleted or unavailable during the life of the project
Economic risk is where demand will not be sufficient to generate revenues to cover the project’s costs and debts and provide a fair rate of return to equity investors
Financial risk exists as rising interest rates could jeopardise the project’s ability to service its debt, if a significant portion consists of floating-rate debt
Currency risk arises when the project’s revenue stream or its cost stream is denominated in more than one currency and a change in the exchange rate occurs
Government Contract risk arises where authorities may not be able to or may choose not to honour their obligations, especially over the long term. If a project fails to comply with any regulation or contractual obligation, such project could be subject to monetary penalties, loss of the right to operate affected businesses, or both
Political risk involves the possibility that political authorities might interfere with the timely development and/or long-term economic viability of the project
Regulatory risk includes failure to obtain or a delay in obtaining permits/approvals which could result in fines; additional costs; or lost revenues
Privatisation and Industry Restructuring risk is present as governments or government-controlled entities may, either directly or through regulatory agencies, control many assets in the jurisdiction of a project. This control may also extend to the distribution, sale or use of certain infrastructure commodities
Environmental risk is present when the environmental effects of a project might cause a delay in the project’s development or necessitate a costly redesign

Further information on the potential risks can be found in the Key Investor Information Document (KID) and/or the Prospectus or Offering Memorandum.

Important information

For Professional Clients only and should not be distributed to or relied upon by Retail Clients.

Issued and approved in the UK by HSBC Global Asset Management (UK) Limited (“AMEU”), which is authorised and regulated by the Financial Conduct Authority. HSBC Asset Management is a group of companies in many countries and territories throughout the world that are engaged in investment advisory and fund management activities, which are ultimately owned by HSBC Holdings Plc. HSBC Asset Management is the brand name for the asset management business of the HSBC Group.

The material contained herein is for marketing purposes and is for your information only. This document is not contractually binding nor are we required to provide this to you by any legislative provision. It does not constitute legal, tax or investment advice or a recommendation to any reader of this material to buy or sell investments. You must not, therefore, rely on the content of this document when making any investment decisions. This document is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe to any investment. The contents are confidential and may not be reproduced or further distributed to any person or entity, whether in whole or in part, for any purpose. This document is intended for discussion only and shall not be capable of creating any contractual or other legal obligations on the part of AMEU or any other HSBC Group company. This document is based on information obtained from sources believed to be reliable, but which have not been independently verified. AMEU and HSBC Group accept no responsibility as to its accuracy or completeness. Care has been taken to ensure the accuracy of this presentation, but AMEU accepts no responsibility for any errors or omissions contained therein.

This document and any issues or disputes arising out of or in connection with it (whether such disputes are contractual or non-contractual in nature, such as claims in tort, for breach of statute or regulation or otherwise) shall be governed by and construed in accordance with English law.

Any views expressed were held at the time of preparation and are subject to change without notice. While any forecast, projection or target where provided is indicative only and not guaranteed in any way. AMEU accepts no liability for any failure to meet such forecast, projection, or target. The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Any performance information shown refers to the past and should not be seen as an indication of future returns.

Recipients of this communication who intend to acquire an investment in a Fund are reminded that any such acquisition may only be made on the basis of the final form of the Offering Memorandum or Prospectus, fund legal documentation, and on satisfaction of the requirements of the applicable Subscription Document. It is the responsibility of prospective investors to satisfy themselves as to full compliance with the relevant laws and regulations of any territory in connection with any application to participate in the Fund.

Detailed information for article 8 and 9 sustainable investment products, as categorised under the Sustainable Finance Disclosure Regulation (SFDR), including; description of the environmental or social characteristics or the sustainable investment objective; methodologies used to assess, measure and monitor the environmental or social characteristics and the impact of the selected sustainable investments and; objectives and benchmark information, can be found at: https://www.assetmanagement.hsbc.co.uk/en/institutional-investor/investment-expertise/sustainable-investments/sustainable-investment-product-offering

To help improve our service and in the interests of security we may record and/or monitor your communication with us. AMEU provides information to Institutions, Professional Advisers and their clients on the investment products and services of the HSBC Group.