In the spotlight this week:
A wall of international capital ready to be invested in the hotel sector but distress opportunities are few and far between despite the crisis. Furthermore, there’s been no price drop compared to 2019 but investors are keen because the sector is expected to bounce back quickly once the holiday fervour is unleashed.
There is some progress toward net zero carbon in the UK: three-quarters of the population live in a city that has a net zero target compared to 25% globally. Scotland is particularly positive as its cities work on the basis that local efforts will deliver national targets.
A list of the world’s most resilient cities has been unveiled. While the top five are large gateway cities, their grasp of issues such as ESG put Stockholm and Amsterdam in the top 20.
Meanwhile, Dublin has so much multifamily housing on the stocks that it has an opportunity to leap ahead in ESG terms. Plans for a mixed-use quarter in the North Docks area could similarly raise the bar for commercial development while in Bristol a new design of micro homes has been designed for gap sites which could help reduce the housing shortage .
The UK’s retail market has seen a further extension of the commercial eviction moratorium which has angered property owners who say viable retailers are abusing the system. Meanwhile, there are plans to pedestrianise a large section of London’s Oxford street.
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