Realcast: Retail looks positive, alternatives attract, UK REITs look up, inter-related rebrand
In the spotlight this week:
Mapic italy 2022 showed clear indications that retail is recovering with two major new projects slated for Italy, both green and experiential.
INREV’s fund manager survey revealed that, globally, real assets under management have hit a new record high of €4.1 trillion in 2021, well above 2020’s €3.3 trillion. However, US and Canada have overtaken Europe with 38% and 34% respectively.
CEE investment volumes have returned to pre-pandemic levels according to Colliers research, but with massive headwinds and, with the war in Ukraine too, this may be hard to maintain.
Sentiments at Real Asset Media’s France investment briefing were positive, particularly regarding Paris, in demand at home and abroad and even institutional investors are going up the risk curve.
Meanwhile, Oxford Properties Group and developer Novaxia formed a joint venture to invest €1 billion in life science property in France, initially focused on Paris.
In infrastructure deals, Axa IM Alts and Swiss Life Asset Managers have joined to buy Spanish optic fibre business Lintea Networks.
And in the hotel market Azura has acquired a 500 room five-star hotel complex in Portugal’s Algarve.
In the outlets segment, Neinver has started construction of its second centre in France, Alpes The Style Outlet.
In results from UK businesses, British Land and Landsec both had positive stories to tell, with signs there too that retailing is back.
A Savills report meanwhile points out the importance of the space technology sector for venture capitalists and real estate.
Unibail Rodamco Westfield may be reviving plans for Croydon and at the UK REIF event in Leeds a range of other new initiatives were launched and speakers discussed the potential for 20 Kings Cross-style projects across the country.
And finally Argent Related has rebranded…as Related Argent.
Click on the video to watch the full discussion or listen to the podcast below.