Realcast: BTR beyond London, investors get Hyp, tech-city surprises, toying with Rome

In the headlines this week:

Sheds and beds have again proved to be active sectors and in an unusual collaboration from competitor companies, P3 Logistic Parks acquired the campus 39 Business Park in Wroclaw, Southwest Poland from Panattoni, its fifth acquisition in Southern Poland in the last 12 months. P3 also announced an acquisition in Holland in the last few days.

On the ‘living’ side, while the UK has historically been London focused, this week illustrated that there is a lot going on outside the English capital. Developer Glenbrook announced that it is working on an 600-plus apartment scheme in Leeds while Macquarie’s build-to-rent platform Goodstone Living has obtained financing for the development of a BTR community in Edinburgh which will now move forward.

Meanwhile, in northern Europe, NREP subsidiary Juli Living is digitalising its customer experience using an app called SpaceFlow.

In Germany real estate and mortgage bank Berlin Hyp has issued a pfandbrief bond which was oversubscribed with €1.25 billion offered for a €750 million bond.

Swiss firm Propreal has acquired two fully let office buildings in Barcelona from Zurich Insurance Group and stated that it wants to invest more in offices in other cities around Europe.

Amid growing interest in real estate for science occupiers, Savills’ Tech Cities Index 2023 showed that although US and China remain global tech-city leaders, some European cities are punching above their weight, notably Helsinki and Bristol.

In Italy, legendary UK toy store Hamley’s is about to open its first Continental European store in a beautiful period shopping arcade in central Rome. The city has bounced back from the pandemic and attracted 15 million tourists last year.

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