AS Colins Continental Report Says Future of UK Economy is Unclear

 In a recent report by the Asian-based investment house, AS Colins Continental, the company noted that the United Kingdom’s economy is certainly going through a difficult patch. Some analysts have even suggested that the economy may be backtracking. National output is not even at the level that it was at the beginning of the global pandemic. Prices in the property sector have begun to fall. And, even as households save more for rainy days, living standards are on the decline as the costs of necessities exceed wages for many.

The AS Colins report is clear on one thing – the UK economy is almost certainly in a recession. With borrowing becoming more difficult, thanks to increasing interest rates, analysts at AS Colins Continental say recent mixed messages from the Bank of England have only added to the feeling of uncertainty regarding the economy.

Traditionally, the BoE releases a single main forecast in its quarterly Monetary Policy Report. This time it has released two. AS Colins Continental analysts believe it is important to give weight to both reports as they both have a significant impact on the short-term future of the economy.

The first forecast released by the BoE is a particularly negative outlook, predicting that interest rates will rise to 5.25 percent by 2023. This would likely result in 8 consecutive quarters of economic contraction and would see joblessness rise to more than 6 percent. The UK economy would shrink by as much as 3 percent in this scenario.

In a second scenario, according to the second report by the BoE, interest rates will remain at 3 percent and although there will still be a recession, it will not be as severe, nor will it last for as long. Times will be tough, but not crippling.

“While neither forecast is likely to be completely accurate, it is difficult to predict the outlook for the UK economy given these conflicting messages from the central bank,” says Jonathan Kallis at AS Colins Continental.

AS Colins Continental

Pai-Han Lin




  • Business
  • Finance
  • Investment
  • Surveys, Polls & Research

Continental Properties Announces Multifamily Real Estate Fund

Continental Properties Company, Inc. (“Continental Properties”) a privately held national multifamily and commercial real estate developer, owner, and operator has announced the closing of its first development fund, Continental Properties Real Estate Development Fund I, L.P.  The fund closed in January with a total raise of $180 million of equity and will invest in suburban apartment communities developed and managed by Continental Properties with a total projected construction cost of over $700 million. 

“We believe strongly in our suburban multifamily strategy, and our investors have benefited greatly from the growth in suburban employment and population. Stronger rent growth and demographics favor developing and owning suburban multifamily real estate. We are confident in the markets we have targeted for development and are pleased with the strength of our development pipeline. The Development Fund gives Continental and its investors an opportunity to invest in a geographically diverse portfolio of high-quality apartment communities,” said Jim Schloemer, Founder and Chairman of Continental Properties and Treasurer of the National Multifamily Housing Council. 

“Continental Properties has been executing on its suburban multifamily strategy with great success for over 20 years and recognizes that long-term fundamentals will support multifamily development well into the future. Trends in renter preferences, combined with the supply and demand metrics in our targeted development markets, continue to support our suburban strategy and positions us well to achieve outstanding returns for our investors,” stated Dan Minahan, President and COO. 

Interest in the Development Fund surpassed initial expectations. “We saw very strong interest from both our long-time investors who have trusted Continental with their investments for years as well as from new investors looking for ways to diversify their portfolios and invest with a proven real estate sponsor. We are grateful for the continued trust that our investors have placed in us, and we are highly committed to delivering outstanding results,” commented Ed Madell, EVP and CFO. 

Continental also recently launched Continental Properties Real Estate Income Fund II, L.P., a portfolio of up to 10 stabilized, income-producing multifamily properties developed and operated by Continental. The first closing is expected to occur in April 2021 with approximately $200 million of equity. For additional information, please reach out to Continental’s Investor Relations Team at (262) 502-5500 or 

About Continental Properties  

Continental Properties is a Wisconsin-based national developer and operator of multifamily communities, retail, and hospitality properties. Since its inception in 1979, Continental Properties has developed over 90 apartment communities encompassing more than 25,000 apartment homes in 19 states.  Currently, Continental Properties owns and manages 60 communities comprised of over 16,200 homes in 16 states. For more information about Continental Properties, visit  


Media: Continental Properties Company, Inc. (262) 502-5500  

Investors: Continental Properties Company, Inc. (262) 502-5500 

Source: Continental Properties Company, Inc.