Realcast: Multifamily’s appeal grows, new hope for hotels, green bonds in season
In the spotlight this week:
Residential assets are forecast to do well in 2022, particularly build-to-rent: Mark teamed up with Hub in UK city Birmingham, Greystar is targeting The Hague in the Netherlands and in Chile has teamed up with Ivanhoe Cambridge to provide multi family housing. Meanwhile, Commerz Real has acquired a portfolio of four residential projects located in “swarm cities” Dresden, Jena and Leipzig.
Logistics also continues apace, attracting attract companies such as Cheyne Capital, which has bought into the sector in France while Kryalos has increased its holdings in Italy and has widened its area of activity.
And although the hospitality sector has been hit by the health crisis, there’s evidence of a new dawn – Italy has been a target for Hilton and investor Sixth Street which has also acquired hotels in Spain recently.
Across all sectors, Europe attracted record investment of €359 million in 2021 according to CBRE figures. Germany took the lion’s share but only France, Portugal and Netherlands saw their totals drop. Offices remain Europe’s largest sector but both retail and hospitality are showing more positive signs of recovery.
Meanwhile, several companies issued green bonds this week, including Berlin Hyp, under its new taxonomy-aligned green bond framework, and P3 Group which also issued a €1 billion green bond.
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