Realcast: Infrastructure brakes are off…self storage, tourism and MAPIC in demand
In the spotlight this week:
Infrastructure hits the headlines as Manulife Investment Management announces the closing of its $4.65 billion second infrastructure fund. Meanwhile, at Real Asset Media’s infrastructure summit, which focused primarily on transport and logistics, investors’ appetite is seen to be strong with recent European deals especially in toll roads, rail and shipping. Even within the the problematic aviation sector has seen good sized deals as domestic aviation’s recovery continues.
In the hospitality sector, Madrid-based Azora has bought italy’s second largest resort hotel operator, Bluserena, citing pent-up demand in the sector; Heitman gets ahead of the institutional competition for the self-storage segment; Catella acquires a development in the Netherlands that will set seniors alongside first time renters ; Life Science REIT makes its first major acquisition just weeks after its oversubscribed IPO; and Real Asset Insight returns to Cannes for MAPIC and finds large projects in evidence such as the €44.8 billion Diriyah project in Saudi Arabia.
For all this and more, click on the video to watch the full interview or listen to the podcast below.