RealCast: Residential roundup, retail can still surprise, new initiatives making an impact
In the spotlight this week
Residential has been prominent, from warnings that retail to resi conversions pose risks to residents, to Cadillac Fairview and Ontario Teachers Pension fund planning a £1.5 billion residential platform in the UK, and BMO Real Estate Partners launching a residential investment fund targeting continental Europe. Meanwhile Legal & General and NatWest Group Pension Fund have formed a joint venture aimed at scaling up the delivery of net zero carbon later living communities.
News from the retail sector includes research from Berlin Hyp which reveals that all may not be as bad as had been assumed in the retail sector, and retail REIT New River has unveiled a new initiative to enhance shoppers’ experience at its malls.
Meanwhile Unibail Rodamco Westfield has sold and leased back its Paris headquarters and Brookfield Asset Management announced the initial $7 billion closing of the Brookfield Global Transition Fund, the kind of initiative that we will be covering in more detail when the first edition of our new Impact publication is launched in September.
Meanwhile, RealCast will cease for two weeks and we would like to take the opportunity to wish readers a relaxing and enjoyable summer break.
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