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Realcast: An optimistic Outlook, new vehicles for key sectors, UK gets level headed

In the spotlight this week:

Real Asset Media’s Global Outlook 2022 Briefing this week focused on the key trends ahead, revealing considerable optimism.

Foreign investors are back in Europe and there’s a strong expectation that investors from Asia Pacific will return with a vengeance. Meanwhile, there is an expansion of the investable universe as investors look beyond core and “safe” sectors. ESG is helping enable the trend for repurposing buildings with residential one of the main beneficiaries. Affordable housing is also benefiting from its compatibility with the “S” in ESG. Although inflation and geopolitical tensions loom large, real estate is the asset to which investors turn in such circumsatances.

In other news stories of note: Patrizia launched a fund dedicated to impact investing and aims to invest €500 million into affordable housing and social infrastructure; Spanish private equity manager Azora has created a vehicle focused on developing build-to-rent property in Spain and is targeting a €1 billion spend in five years; ActivumSG is establishing a retirement village development platform in the UK with two villages on the stocks already; logistics specialist CTP has established a unit in Germany also aiming to spend about €1 billion; in France, La Francaise bought a healthcare asset in Lyon; and Henderson Park has made its Italy debut with a €221 million Milan portfolio acquisition.

In the UK, the government’s long-awaited white paper on levelling up proposes support for 20 towns and city centres, with initiatives which include Kings Cross-style regeneration projects. Separately, plans to transform Morecambe seafront in the northwest of England into a £125 million outpost of the Cornwall’s Eden Project were given the green light. Meanwhile, London’s West End is to receive £190 million from Westminster council to revitalise the district, post-pandemic. About £150 million will be spent reworking Oxford Street, and The Aldwych. Meanwhile, there are more calls to tax online retailers to encourage a different sort of levelling up.

Click on the video to watch the full interview or listen to the podcast below.