Realcast: Logistics breaks new records, Camden Market sale and a focus on ESG at Provada
In the spotlight this week:
Logistics has started the year with a bang, according to Savills data, with 10 million sq m of leases being signed in Europe in Q1, which is a new record.
Amazon only accounted for 3% of new take-up, a drastic drop compared to its 25% share in the last two years, which shows demand is not just strong but also coming from an increasingly diverse range of occupiers.
Logistics big hitter Panattoni made its debut in Sweden with a €300 million deal, while a CBRE survey revealed that occupiers are willing to pay a green premium for sustainable buildings.
ESG is set to be a focus at this week’s Provada in Amsterdam, where Real Asset Media has organised three briefings on environmental and impact investing themes.
The fight against climate change is moving into space, as Satellite Vu has joined forces with Elon Musk’s Space X to send satellites in orbit to monitor the thermal efficiency of buildings. Having accurate data will help the property industry reduce carbon emissions.
London’s Camden Market has been put on sale by its owner, Israeli businessman Teddy Sagi, who hopes to get bids of £1.5 billion for the iconic tourist attraction.
And finally Invesco is targeting €1 billion for its first European Real Estate Debt Fund which, unlike most private debt funds, is open-ended to give investors more liquidity.
Click on the video to see the full discussion or listen to the podcast below