RealCast: Virtues of virtual Mapic, shed yields dip, German senior housing rises
Nicol Dynes, Dan Innes, Paul Strohm and Richard Betts
In the spotlight this week:
Retail and leisure exhibition Mapic was held virtually last week and declared a success. The two-day show attracted 2,300 delegates, involved 25 live sessions with 114 speakers, and precipitated 1,500 virtual meetings – content will be available until the end of December.
Also on retail: UK department store chain Marks & Spencer plans to open until midnight in the run-up to Christmas, just one of a number of initiatives among retailers designed to give trade a shot in the arm. Meanwhile, new concepts are emerging such as US F&B/Entertainment brand Area 15.
While some are building logistics portfolios by acquisition, the implication is that on the opposite side of these deals others are profit taking attracted by yield compression in the last two quarters, recently documented in Savills research.
And while research firm Bonard looks at the rise of senior housing in Germany and the demographic impetus that will mean that this trend continues, a €1bn student housing deal in Dublin points to the continued attention PBSA is likely to attract.
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