By A Paris — Like most other economic sectors, property investment had to re-invent itself in view of the Covid-19 pandemic. As some parts of the market, like hotels and retail businesses, were hit hard, others like data centres and large warehouses flourished. As the outlook is becoming more positive given the global vaccine rollout, investment managers should re-assess the resources and support they need to succeed in this environment.
Three service providers – Accenture, Deloitte, and JLL – lead the market for workplace systems integrators, amidst a growing market, according to independent research firm Verdantix.
PATRIZIA AG, a partner for global real assets, has sold a portfolio of 22 non-core residential properties on behalf of a German residential strategy as it looks to refocus the fund’s portfolio towards larger, more sustainable properties in locations that are more affordable or that are underpinned by significant future growth potential.
Mailbox REIT has become the first company to be admitted to trading on IPSX, the International Property Securities Exchange, marking an historic moment for the UK’s newest stock exchange — the first to be launched in 7 years in the UK.
LendInvest, a UK property finance platform, has made sweeping changes to its Bridging suite, including extensive rate reductions and the introduction of higher LTVs for land and commercial products.
Addington Capital, a property investment and asset management specialist, has appointed regeneration expert, Nigel Turner as a partner to head Town Centre Regeneration.
Vonder, a global co-living brand, is expanding its international portfolio with the launch of two new projects in Dubai, Vonder City Walk and Vonder Bluewaters.
LondonMetric Property (LondonMetric) has acquired three urban logistics warehouses in Croydon, Dunstable and Warrington for GBP18.7 million, reflecting a blended NIY of 4.3 per cent and a reversionary yield of 5.3 per cent.
The board of Directors of Impact Healthcare REIT, a real estate investment trust which gives investors exposure to a diversified portfolio of UK healthcare real estate assets, in particular care homes, has appointed Chris Santer as a Non-Executive Director of the Company with immediate effect.
The City of Helsinki has launched a competition that invites proposals for the redevelopment of Makasiiniranta at South Harbour, the last old harbour area to be transformed for public use in Helsinki.