Deutsche Leibrenten AG Raises Additional Financing / Attractive Market Outlook For Property-Based Pension Plans realwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from realwire.com Daily Mail and Mail on Sunday newspapers.
Equity release market to triple in 10 years
Equity release market to triple in 10 years
The global home equity release market is expected to triple over the next decade, and with the use of the home to fund retirement firmly back on the agenda in this year’s election cycle, advisers will need to get on the front foot of client demand.
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A new survey from the European Pensions and Property Asset Release Group and EY found that $15 billion in home equity is currently released per year in 13 key global markets including Australia, the US, the UK and Canada, and that this figure was projected to grow to $50 billion in 2031.
The European Pensions and Property Asset Release Group (EPPARG) and EY have today published the
Global Equity Release Roundtable 2020 survey report, which predicts the global equity release market could more than treble over the next 10 years.
The report gathers data from market leaders across 13 countries globally with established or developing equity release markets, and analyses growth potential. The 13 countries span Europe, the US and Australia, and are considered to be amongst the largest equity release markets in the world
Key findings from the report include:
Between the countries analysed, over $15bn of equity is released per year for homeowners, but by 2031, the global equity release market is expected to exceed $50bn in annual releases.
Pension fund finances continued growth of Deutsche Leibrenten AG
Media
Convertible bonds increased from 50 to 75 million euro.
Frankfurt, January 12, 2021 – Deutsche Leibrenten Grundbesitz AG is funding its strong growth with the support of noted German institutional investors. The amount of convertible bonds issued in November 2019, a total of 50 million euro, has been increased by a further 25 million euro. This activity provides the market leader in property-based pension plans with additional growth capital to increase its acquisitions by a further 50 percent this year.
“Deutsche Leibrenten AG’s property-based pension plan is the most sustainable pension product in Germany and satisfies the strict criteria of ESG-focused investors”, says its CEO, Friedrich Thiele. “We are delighted that the capital markets recognize the great potential here and appreciate the continued support of our expansion strategy.” Underpinning the bonds is an enterprise valuation of 320 mil