Realcast: Strong UK property prospects, record-breaking capital raising, CEE summit

In the spotlight this week:

While the International Monetary Fund report concluded that the UK growth is likely to be down to 3.7% this year and two 1.2% in 2023, Aviva Investors says UK real assets offer investors better growth prospects than continental Europe. The firm’s research finds UK real estate will outperform on a five year risk adjusted basis with more room for yield compression.

A snap survey by Colliers of retail clients and landlords found that 89% would be in favour of the introduction of an online sales tax to level the playing field between internet and physical store sales. High street retailers currently feel penalised particularly by UK business rates.

And, organisations representing institutional real estate in the UK are pressing for fit for purpose ESG metrics and product labels to increase transparency for investors and regulators.

At the first ‘live’ INREV conference since the pandemic. the association’s capital raising survey was unveiled and revealed that non-listed real estate has recovered to a record high following a 107% increase from 2020. Most respondents expect further increases over the next two years reflecting pent-up post-pandemic demand and a surge in demand for property.

London’s Oxford Street was back in the headlines when minister Michael Gove overruled the London Mayor’s decision to approve a planning application to demolish a Marks & Spencer store near Marble Arch on environmental grounds.

Meanwhile, Amundi is to invest over €120 million in a 1930s Milan  with strong ESG credentials, highlighting what is becoming a trend for more companies in the sector – this will be among the themes of Real Asset Media’s CEE summit to be staged live in Warsaw this week (28 April) – please click this link for more details.

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