Table of Contents
Executive Summary
5 Key Features Of This Report6 SWOT Analysis7 Australia Real Estate/Construction SWOT 7 Australia Economic SWOT 7 Australia Business Environment SWOT 8 Key Projects9 Construction Overview 9 New And Ongoing Projects 9 Commercial Construction 9 Industrial Construction 10 Tourism Construction 10 Major Projects Table 12 Table: Australia Major Infrastructure Projects - Industrial Construction 12 Table: Australia Major Infrastructure Projects - Residential Construction 12 Table: Australia Major Infrastructure Projects - Commercial Construction 13 Table: Australia Major Infrastructure Projects - Hotel and Resort Construction 13 Real Estate Investment Trusts, Q20914 Introduction 14 Table: Global REITs At A Glance, Mid-2008 15 A Note On Unlisted Real Estate Funds 17 Table: European Unlisted Funds At A Glance, 2008 17 2008: A Disastrous Year For REITs 18 Table: Investment Total Returns (%, in EUR terms) 18 Table: Gross Total Returns, 2008 (%, in EUR terms) 18 Table: Gross Total Returns, 2008 (%, in EUR terms) 19 Table: Gross Total Returns, 2008 (%, in EUR terms) 19 Table: Substantial Property Sales, 2008 (US$bn) 20 Table: Capitalisation Rates And Spreads Versus Risk-Free Rates 22 Pointers For 2009-2010 23 Industry Finance Outlook25 International Financing 25 Monetary Policy 27 Table: Australia - Monetary Policy 28 Industry Forecast Scenario 29 Table: Housing Prices At A Glance - Asia Pacific 29 Office Rents - Asia Pacific - CBRE 32 Construction 33 Table: Australia - Economic And Construction Data, 2008-2013 34 Macroeconomic Outlook 36 Table: Australia - Economic Activity 39 Real Estate/Construction Business Environment Rating 40 Real Estate/Construction Business Environment Ratings 40 Australia' s RECBER 40 Table: Asia Real Estate/Construction Business Environment Ratings 42 Project Finance Ratings: Outlook For Asia Pacific 43 Table: Design And Construction Rating 44 Table: Commissioning And Operating Rating 45 Table: Overall Project Finance Rating 46 Australia' s Business Environment 47 Company Monitor51 Leighton Holdings 51 Bovis Lend Lease 53 Brookfield Multiplex 54 Laing O' Rourke 55 Bilfinger Berger 56 Meriton Group 58 BMI Forecast Modelling59 How We Generate Our Industry Forecasts 59 Construction Industry 60 Bank Lending 60 Real Estate/Construction Business Environment Rating 61 Table: Weighting Of Indicators 62 Project Finance Ratings Indicators 64 Table: Design And Construction Phase 64 Table: Commissioning And Operating Phase - Commercial Construction 65 Table: Commissioning And Operating Phase - Energy And Utilities 66 Table: Commissioning And Operating Phase - Transport 68 Sources 69
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