Property Funds World Newsletter

Not displaying correctly? View this email in your browser

NEWSLETTER | 26 Mar 2020

Climate change concerns drive growth in green lease clauses

The real estate industry is on the verge of a ‘watershed’ moment, according to new research from Savills IM, which suggests that institutional investors expect ‘green’ lease clauses to be universally implemented in the real estate industry before the end of this decade. And perhaps predictably, the driving force behind the shift is concern over climate change.

Elsewhere this week, we report on the closing – with USD1.2 billion in capital commitments – of TA Realty’s latest Realty Associates Fund, which will acquire industrial, office and multifamily assets, as well as grocery-anchored shopping centres, in major US markets.

In deal news, we report on Clearbell’s GBP120 million sale of an industrial and logistics portfolio of 22 small-to-medium sized assets located throughout the UK, plus the EUR98 million sale of a landmark Warsaw office building by Skanska.

We also have news of a study from Bouinvest which reveals that retail, hotels and co-working offices will bear the brunt of the impact of the coronavirus crisis on the Dutch real estate sector.

Property Funds World

‘Green’ leases to be universal by 2026, Savills IM research reveals

Thu | 26 Mar 2020, 11:15

Institutional investors expect that so-called ‘green’ lease clauses will be universally implemented in the real estate industry before the end of this decade, according to new research detailed in the Savills Investment Management (Savills IM) Annual Sustainability Report 2019.

Thu | 26 Mar 2020, 11:15

RLI Investors (RLI), a specialist investor in the German logistics real estate sector has succeeded in increasing its logistics property and fund assets under management by almost 24 per cent, passing the EUR1 billion mark in the process.

Thu | 26 Mar 2020, 11:15

The Netherlands and most other European countries are forecast to be pushed into recession this year by the impact of the coronavirus pandemic, with the heaviest blows from the economic slowdown in the Dutch real estate industry likely to fall on sectors most dependent on discretionary consumer spending.

Thu | 26 Mar 2020, 11:15

Clearbell Property Partners III LP (Clearbell), a fund managed by Clearbell Capital, has sold its industrial and logistics Cara portfolio for GBP120 million to Blackstone for its Mileway platform.

Thu | 26 Mar 2020, 11:15

TA Realty has held the final close of Realty Associates Fund XII, which has total equity commitments of approximately USD1.2 billion.

Thu | 26 Mar 2020, 11:15

Skanska has sold Generation Park Z office building in Warsaw to Deka Immobilien, one of Europe’s leading real estate investment managers. This is the buyer’s fourth acquisition with Skanska in Central and Eastern Europe.

Thu | 26 Mar 2020, 11:15

St Modwen has completed a deal to bring global water treatment and magnetic filtration manufacturer ADEY Innovation to St Modwen Park Gloucester.