In the spotlight this week:
In the week that saw London lose its position as most valuable European Stock Exchange to Paris and the UK press began to write more openly about the reality of the economic downside of Brexit, Real Asset Media and Garbe’s joint investment briefing looked at prospects in the Netherlands.
One focus was the country’s thriving logistics sector , another was science parks, of which the Netherlands has about 35. However there is thought no risk of oversupply as supply is far outweighed by demand. But unlike the US there are few specialist developers which presents a sizeable opportunity. The sector has also been boosted by the transfer of the European Medicines Agency from London to Amsterdam following Brexit.
Science parks have also been in the news elsewhere too: Oxford Properties Group and French developer Novaxia have completed their joint acquisition of the Biocitech life sciences campus in Paris; Kadans Science Partner and Canary Wharf Group are going to develop an innovation facility at London’s Canary Wharf and also in London, a new bio-science innovation centre will be included in Tribeca development in London’s King’s Cross area.
There have been a number of other less conventional investment stories around including Patrizia forming a partnership with an unnamed major Asian institutional investor to invest up to €1 billion in Japanese residential.
Meanwhile, as we warm up for MAPIC, some retail news: Canadian outdoor retail brand Mackage has opened its first store in Europe store at Düsseldorf shopping centre Sevens, a centre being repositioned by CBRE Investment Management.
While Westminster city council launched a new sustainable City Charter COP 27 in Egypt has drawn to a close. However, the built environment was not centre stage unlike Glasgow’s COP 26 , something to bear in mind for the next for COP28.
Click on the video to see the full discussion or listen to the podcast below.