Private housing repairs, maintenance and improvement (RMI) output grew strongly in February and March 2021 – the highest level for over a decade.
Around GBP2.6 billion was invested into UK commercial property in May, a slight decrease on the previous month, but more than twice the corresponding 2020 figure of GBP1.2 billion, according to Colliers.
Research from The Instant Group finds that suburban office markets are outperforming city centres for the first time in over ten years.
London multi-let industrial property had a total return of 20.5 per cent in the 12 months to end-April 2021, with UK-wide distribution warehouses returning over 18 per cent, according to Gerald Eve’s latest In Brief bulletin.
OakNorth Bank provides GBP50m loan to support Brigid Investments in financing McCarthy Stone’s UK retirement living rental portfolio
OakNorth Bank has provided a GBP50 million loan to Brigid Investments, a special purpose vehicle formed by John Laing, and Macquarie Capital.
More rough sleepers and people at risk of homelessness will be supported into accommodation through a new social investment pilot that will create over 200 move-on homes, Rough Sleeping and Housing Minister Eddie Hughes MP have announced.
Investor and asset manager N A S Invest Group (N A S) is expanding its business into the Nordic region. In partnership with a multi-family office serving prominent Danish business owners, the Frankfurt-based company has established a new joint venture based in Copenhagen with the medium-term objective of building a diversified real estate portfolio in the northern European countries.
Cambridge tops BNP Paribas Real Estate’s location analysis model as most desirable green city to live and work in
BNP Paribas Real Estate has identified a UK wide ‘top 10 list’ of highly desirable green places to live and work outside of the capital. The university city of Cambridge tops the list followed by Milton Keynes, Glasgow, Exeter, Bristol, Dundee, Reading, Leeds, Edinburgh and finally Newcastle completing the top 10.
A total real estate investment volume of EUR290 million was transacted in the Czech Republic during the first quarter of 2021, according to Savills latest research. Without the exceptional EUR1.3 billion Residomo portfolio sale transaction, the investment volume was only down by 8 per cent year-on-year.
According to Savills, the food sector is becoming the new core in retail property investment. Last year, for the first time, investments in supermarkets, hypermarkets and food discount stores accounted for a record 21 per cent of total European retail activity, up from a five-year average of 7 per cent. Despite the decline of retail sales growth in 2020 (from 3.9 per cent in 2019 to 1.7 per cent in 2020), food and grocery sales increased by 7.5 per cent, and are expected to continue to rise by 2.2 per cent per annum over the next five years.
The average number of new prospective tenants registered per ARLA Propertymark branch continued to rise in March to 84, from February’s figure of 82. This is the third month in a row where the number of new prospective tenants has increased.
Shaftesbury, a Real Estate Investment Trust which invests exclusively in the liveliest parts of London's West End, has seen footfall return to 86 per cent of the peak in December in 2020, just before London was placed into the third lockdown.