In the spotlight this week
While Italy’s regeneration story has tended to focus on Milan, it is now Rome’s turn. A new urban regeneration project will transform a long-neglected area of Rome around Tuscolana railway station into a new sustainable mixed-use neighbourhood. Milan remains a focus though and CPP and Lend Lease have formed a JV to create “innovation hub” MIND.
Meanwhile, in London, The National Gallery in Trafalgar Square is has transformed an empty courtyard into a seven-storey office – an attractive infill development that could be a sign of things to come.
Also in the UK the Royal Institute of British Architects is campaigning for less demolition and more repurposing older buildings to avoid the 126 million tonnes of waste. Meanwhile, departments store group John Lewis is planning to build 10,000 rental homes, many of them in repurposed town centre stores.
Proptech company PiLabs has hired academic Andrew Baum and announced an investment in robotics, already a huge growth area, particularly in logistics applications.
For instance, a consortium including Axa IM Alts has acquired a project to develop a massive automated logistics facility in Sydney, Australia.
Logistics’ continued popularity has also seen AEW buy at Copenhagen airport and Azora and PGIM Real Estate have established a JV to acquire last-mile facilities in Spain’s key cities. Back in the UK, Oxford Properties and LCP have also formed a JV to acquire a site north of Birmingham for a 743,000 sq m hub.
In other news, Colliers’ capital markets team has been reorganised and is on a major recruitment drive.
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