In the spotlight this week
In its annual report, HM Land Registry, which records every property transaction in England and Wales, explains its response to the pandemic and adoption of technology that are helping it go paperless.
An update from Milan’s Porta Romana team explains how it has responded to public comment by adjusting the 60,000 sq m mixed-use regeneration project which will provide a Olympic village for the 2026 winter games, to become student housing immediately after the games. Meanwhile, Berlin-based student housing and microliving specialist International Campus has raised its targets to 25,000 beds by 2025.
In the UK so-called “Freedom Day” will see most pandemic restrictions lifted which could boost both the retail and hospitality sectors. Some leading landlords have already indicated their intent to remove concessions as activity increases.
In the office sector Boston Properties, CPP and GIC are planning to co-invest in best-in-class office buildings because they say that’s where top companies will want to be. Meanwhile, a report from Colliers says that although the lack of property suitable for life science companies is holding that sector back, interest in alternative real asset investments is likely to mean the market responds quickly.
Similarly, the demand for investments that answer the need for ESG conformity precipitated the launch of a fund specialising in buildings with a high proportion of wood in their construction. And as interest in infrastructure investments grows, broker Knight Frank is appointed to sell to power stations in the UK.
The interest in alternatives is international and a Korean public pension fund has added €200 million to its mandate with CBRE Global Investors, in part to up its stake in assets such as healthcare and data centres.
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