Realcast: Savills H1 £1bn, resi steps up, CBRE IM believes in ferries, Barings heads for APAC

In the spotlight this week:

Savills’ first half results show revenue up 11%+ to over £1 billion although staff costs eroded profit which dipped to £59 million. The firm said the market is finding the new normal.

Canada pension plan investment board has just announced a further investment of €475 million into the European student housing sector through its existing joint venture with Round Hill Capital reflecting both firms’ optimism about the sector.

Meanwhile, DeA Capital’s and Harrison St’s joint venture has selected Seville for its first BTR assets and Belgian healthcare property specialist Aedifica is to invest €16 million in the development of two care properties in Finland.

CBRE Investment Management has increased its stake in one of the main Norwegian ferry firms and rental residential property specialist Greystar has acquired a 380-unit project in Vienna.

Barings plans expansion in the Asia-Pacific region and has bought Australian property firm Altis Property Partners before it expands into other markets – it specifically mentions Japan and Korea.

Netherlands-headquartered DIF Capital Partners has disposed of its indirect 45% ownership stake in a German hospital PPP project, and in the UK one of Europe’s largest investors in renewable power, Octopus Energy, is increasing its presence at the SEGRO’s Slough Trading Estate.

Realcast is now taking a break for the summer, but we will be back with our regular roundups on 5 September.

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