RealCast: Gloomy Q3 figures, flight to quality offices, logistics firmly in the hotseat

Nicol Dynes, Giles Barrie, Paul Strohm and Richard Betts

In the spotlight this week:

RCA figures reveal the pandemic’s impact on European real estate in Q3 with falls in volume, even in Germany. Portugal appeared to have bucked the trend, but did it really?

A survey by Urban Land Institute and consultancy EY takes a definitive look at the future of offices and confirms the likely flight to quality. This appears to be further underlined by UK department store operator John Lewis’s application to convert upper floors at its Oxford Street flagship to offices.

Meanwhile, major deals by the likes of Carlyle, P3 and Prologis confirm the continued appetite for logistics investments and Meyer Bergman’s rebranding and renaming confirms its further diversification away from pure retail. The new mix includes last-mile logistics.

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