In the spotlight this week:
Taking advantage of the dramatic increase in interest in the life science sector’s investment potential, Life Science REIT is to list on the London Stock Exchange and plans to use IPO cash to buy new lab space in the UK’s ‘golden triangle’ .
In the Nordics, Slate Asset Management has bought a €103 million portfolio of essentials retailing assets in Norway including 24 grocery stores let to class-A tenants.
In the resi sector, housing association Peabody is planning to build 3,500 new on the site of a former Ford car plant in east London centre Dagenham. Further upstream, on the South Bank of the Thames, Hines has bought a central London site for a £1 billion, predominantly offices mixed-use project after the land changed hands several times.
And, while senior housing survived the pandemic and is facing a promising future, UK government figures have revealed that online sales are settling at around a quarter of the total retail spend which also implies continued good fortunes for the logistics property sector. The trend seems to be fairly ubiquitous with major acquisitions announced by Barings and Crossbay in Sweden and Poland respectively.
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