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Realcast: Retail on the up, showing The Line, property beats expectations, stays ‘safe’

In the spotlight this week:

While the US FED raised interest rates further, in Europe retail landlord Hammerson reported its first interim profit for four years, Unibail Rodamco Westfield’s share price increased on news that it had adjusted earnings forecast, and positive moves in the office market as British Land partners Allianz to redevelop the Euston Tower in London.

Life science space will be in the mix there, which chimes with Savills research that shows take up in this sector is increasing in the UK.

Elsewhere, Peloton Real Estate and Moorfield Group formed a joint venture to provide open storage sites and announced its first acquisition.

Further afield, new visuals show exactly what plans for The Line in Saudi Arabia – a 170-km long linear development – will look like when completed

Research firm MSCI’s Market Size Report observed that the global real estate investment market grew 8.5% in 2021 to $11.4 trillion.

SFO Capital Partners’ Audrey Klein pointed out that European investors are preoccupied with safety and are turning to more defensive asset classes such as logistics/industrial and “anything” residential.

Recent deals bear out her claim, such as Round Hill Capital €200 million acquisition of student housing and co-living assets in Portugal.

Deals from Barings, Valor and Boreal IM/Cadillac Fairview bear out the strength of the logistics market

Knight Frank’s healthcare sector report, meanwhile, found that European healthcare investment transactions increased by 17.4% in 2021.

Click on the video to see the full discussion or listen to the podcast below.