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RealCast – The Week in Real Assets – 15 June 2020

Nicol Dynes, Judi Seebus, Dan Innes & Richard Betts

Welcome to the latest edition of RealCast as Nicol Dynes, Judi Seebus and Dan Innes join Richard Betts in our regular analysis of key news items and themes for the week in real assets.

This week the RealCast team analyse the headlines including the 25% pre-let by Moda Living and Apache Capital in the residential sector, the upcoming re-opening of shops in the UK and the failed $3.6 billion deal between Simon Properties and Taubman in the US. The market is closely watching M&A activity given high profile potential deals such as Sycamore Partners with Victoria Secrets and SoftBank’s $3 billion deal with WeWork having failed over recent months.

We also look at the recent staff losses at the ICSC coming after the closure of the European, Asia and Latin American operations – suggesting a deepening crisis in the sector.

According to RCA data, Europe is seeing comparatively better deal volumes – shored up by some significant transactions including Blackstone and iQ, Aroundtown and TLG. Deals also appear to be coming through within the logistics and residential sectors including Segro and Catella as well as reports of large pools of capital awaiting opportunities in Germany.

EXPO Real also came back with a new hybrid format for around 5,000 attendees (around 20% of the normal attendance) and the trend for new formats is also noticeable with Provada as well as the launch of REALX, the first permanent global virtual tradefair. 

Picking up on our special focus, Nicol Dynes highlights the Italian market and particularly the focus on residential for rent as a longer term play.

This edition of RealCast was broadcast on the 15 June 2020. You can download RealCast as both an audio and video and see previous editions at www.realassetinsight.com

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