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Realcast: Investors love Life Science, Italy and UK connect, UK REITs rise, MAPIC awaits

In the spotlight this week:

Life Science REIT’s IPO is oversubscribed raising £350 million, thus demonstrating the level of interest in this real estate segment and marking it out as the largest IPO of a REIT in London since 2016.

Italy’s Generali Real Estate makes a spectacular return to the London investment market with a reportedly £465 million acquisition from Blackstone, with plans to spend up to £2.5 billion in European capitals. Meanwhile, UK company M&G increases its commitment to Italy with a £65 million retail park expansion.

In other positive news for the UK capital: Shell plans to move its HQ from the Netherlands to London; Patrizia launches a London-focused urban logistics platform; and data reveal greater footfall and increased use of flexible workspace.

UK REIT LandSec, announces a first-half pre-tax profit of £275 million in an improvement of fortunes attributed to the reopening of retail and the revival in office working. And British Land reports a rise in net asset value for the first time since 2018 thanks, it says, to its investment into retail parks.

And as the countdown to MAPIC continues, a large UK delegation is expected as part of the 3,500 to 4,000 retail property professionals thought to be heading for Cannes – if you are at the show look out for the latest edition of Real Asset Insight and the interview with Joan Jove, co-CEO of McArthur Glen among other retail focused content.

Click on the video above or listen to the podcast below.