Ecommerce sales are forecast to rise from 27 per cent to 30 per cent by 2025, resulting in an additional GBP37 billion worth of online retail sales. With every billion pounds of online retail sales requiring around 320,000 sq ft of urban logistics space, this could drive 12 million sq ft of additional last-mile fulfilment space requirements over the five years.
The latest Legal & General Rebuilding Britain Index (RBI) has underlined the scale of the housing challenges facing the UK, with the Housing index showing a second consecutive decline, leading Legal & General to call for a ‘public and private partnership approach’ to boost housing supply.
AEW has agreed to forward fund, on behalf of its open-ended pan-European core fund, EUROCORE, the development of a c49,000 sq m Grade A and fully automated logistics asset in Ridderkerk, near Rotterdam in the Netherlands.
AXA IM Alts, a specialist in alternative investments with cEUR163 billion of assets under management, has reached practical completion on the development of a c4,000 sq m office in Roppongi in Tokyo, Japan, marking the latest milestone for the business’ global development platform.
Vacant UK logistics space has fallen to 7.1m sq ft in Q3 2021, representing a record low vacancy rate of 1.53 per cent, according to the latest research from global real estate advisor, CBRE.
Cross-border real estate investment will reach record levels in 2022, according to new research from Knight Frank. The 2021 Active Capital Report, now in its sixth year, uses data and proprietary modelling to predict global real estate investment trends for the year ahead. For the first time, the capital gravity research model uses cutting-edge machine learning to identify country-by-country capital flows, type of investors behind the capital and the key sectors within different destination countries.
The outlook for the hotel investment market remains relatively strong, with a large amount of equity in the market ready to be deployed, according to the international real estate adviser Savills.
The Morris Project in partnership with DesignLSM has unveiled 22 Bishopsgate’s Market, managed by Rhubarb Hospitality Collection.
Henderson Park and Hines have started construction of their unique T3 Diagonal Mar building, located in 22@ North in Barcelona. Measuring 3,610 sq m, it is an office building made entirely of wood, with ambitious ESG credentials and fitted out with the latest technology.
Allianz Real Estate has completed a forward deal to acquire Tower 1 (pictured, ©Gross & Partner) of the new FOUR development in Frankfurt on behalf of a joint venture between several Allianz group companies and a Universal-Investment fund domiciled in Luxembourg, administered on behalf of German pension fund Bayerische Versorgungskammer (BVK-Fund).
LABS Group, an end-to-end blockchain property investment platform, has successfully raised USD3,650,000 for Kunang Kunang Resort. Kunang Kunang Glamping Resort is the world's first-ever community-owned project fractionalised into Rewarding Timeshare (RTS) non-fungible tokens (NFTs).
By Zvi Noé (pictured), founding partner of Capreon, Noé Group – There’s no denying that many trends rapidly accelerated over the course of the pandemic. This is nothing new. With Covid-19 restrictions forcing people to stay at home, there was an absolute necessity to use technology for everyday tasks. The result was a fundamental shift in the way people work and shop, thus having wide repercussions for the commercial property industry.