With a global average growth rate of 25 per cent since 2014, the flexible space sector has become a key component of the office market in many cities. However, Q4 2019 saw reduction on leasing activity, and this downward trend has further intensified as the global pandemic worsened.
Moda Living, the UK's fastest growing housing brand focused on the design, delivery and custodianship of Next Generation Neighbourhoods has formed a technology partnership for its UK wide GBP2.5 billion residential portfolio with Samsung.
Boris Johnson’s government has a huge opportunity to reset the housing debate - and keep its promise to both ‘build back better’ and plan for them more quickly - by delivering the changes needed to support the construction of more than 300,000 new homes each year.
Non-listed real estate debt products continue to attract attention from institutional investors and investment managers, with a record high of EUR32 billion raised globally in 2019, according to the INREV Debt Vehicles Universe 2020 study.
New research from Alpha Real Capital (Alpha), a specialist manager of secure income real assets, reveals that 80 per cent of European professional investors now have social real estate firmly on their radar as an investment opportunity and over the next two years around 30 per cent expect pension funds and other institutional investors to increase their real estate allocation to funds offering a social benefit.
St Martins Property Group has appointed Savills as property manager for a 110,000 sq m office portfolio comprising three assets in the Greater Paris region.
Clarion Partners Europe, a real estate investment fund manager specialising in logistics and industrial assets, has acquired a Spanish portfolio comprising five institutional grade logistics properties, totalling 132,348 sq m, from Prologis Inc.
Immofinanz has appointed international real estate adviser Savills as sole property manager for its portfolio of seven office buildings in Prague, Czech Republic, with effect from January 2021. The total floor area of the assets is approximately 123,000 sq m.
A joint venture between Benson Elliot, a London-based private equity real estate manager, Générale Continentale Investissements (GCI), a Paris real estate investment group, Canadian institution Alberta Investment Management Corporation (AIMCo) and 21st Capital, has pre-let the entirety of its Latitude office building to Sopra Steria.
Real estate assets to fall by up to 10 per cent or more in value, but will bounce back by 2021, says Duff & Phelps
Duff & Phelps, a provider of governance, risk and transparency solutions, has published a survey revealing that nearly four in 10 investors (39 per cent) expect commercial real estate assets to fall between 5-10 per cent in value in 2020, whilst nearly a third (31 per cent) predict a fall of 10 per cent or more as a result of the pandemic.
Private equity real estate investment manager Meyer Bergman has completed the sale of Montblanc House, Hamburg to Values Real Estate, formerly DC Values, for an undisclosed sum.