In the spotlight this week:
After Germany’s Expo Real came the Netherlands’ Provada and in Iberia, the Portugal Investment Briefing in Lisbon.
For Provada, ESG and impact investing were central topics as was the environmental impact of the built environment, with a noticeable interplay between different sectors and real estate, notably mobility and infrastructure.
In Portugal, residential prices are being driven up, an effect of the extra money that was saved during the pandemic finding its way into the market. But retail, senior housing and healthcare and data centres are all starting to attract more attention. Meanwhile some companies are reacting to employees’ reluctance to return to the office and are moving to a hybrid working model with reduced presence in the CBD while opening decentralised satellite offices.
Elsewhere, while the Colliers mother ship has taken over Colliers Italy, an indication of faith in the country’s prospects, the firm has also produced a report that quantifies the enormous cost of reining in the CO2 emissions attributed to Europe’s building stock – annualised it is the equivalent again of current total investment in real estate per year.
In the UK, while Ikea has confirmed its acquisition of the former Top Shop building on London’s Oxford Circus, a boost for Oxford Street’s retail environment, the retail sector is more sanguine about the effects of the UK government’s budget last week, particularly so far as it affects – or does not – the impact of business rates.
Meanwhile, Real Asset Media is preparing for a live event which we will be staging as part of the COP26 summit activities in Glasgow.
Click on the video above to watch the full interview or listen to the podcast below.