Property Funds World Newsletter

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NEWSLETTER | 30 Apr 2020

Real estate sector considers life after lockdown

We have lots of coronavirus-related property news again this week as the real estate sector begins to look at how social distancing measures will be part of the new normal in life after lockdown.

Residential property investment company GRE assets is convinced that partnerships with local authorities will be key to a real estate rebound, while new research from Kames Capital looks at whether there will be a long-term shift, post-pandemic, to working from home and more flexible working patterns in general, and how this will impact the traditional office market.

The flexible office space sector could be one of the winners from any longer-term move away from traditional office lettings, with a new survey by Workthere revealing that almost two-thirds of providers are upbeat about the next 12 months. North American operators are the most optimistic, followed by their counterparts in Europe and Asia.

Well Living Lab, Delos, Cushman & Wakefield and Hines meanwhile, are teaming up to develop new protocols for maintaining physical distancing policies and other concepts aimed at facilitating a return to office working. The study will also look at the future design and operation of workspaces to help prevent the spread of respiratory viruses.

And sticking with the theme of health and wellbeing, we have news of two London ‘green’ developments, Pembroke’s project at 25 Cannon Street in the City of London, which includes a reflection pool with views of St Paul’s Cathedral, and Reef Group’s plans for a subterranean, mixed-used development beneath Cavendish Square Gardens in the heart of London’s West End.

Property Funds World

Thu | 30 Apr 2020, 13:57

With offices in the UK, Spain and the Middle East, residential property investment company GRE Assets has had a unique perspective on the business impact of the global coronavirus pandemic as the crisis has unfolded.

Thu | 30 Apr 2020, 13:57

In the first of a series of sentiment surveys among flexible office providers across the world, Workthere found that 26 per cent are optimistic about the prospects for the sector over the next three months, while 62 per cent felt the same about the next 12 months.

Thu | 30 Apr 2020, 13:57

The Well Living Lab, a Delos and Mayo Clinic collaboration dedicated to researching the indoor environment’s impact on human health, has announced a comprehensive plan to study the design and operation of workspaces to help prevent the spread of respiratory viruses.

Thu | 30 Apr 2020, 13:57

Pembroke has won planning consent for a major project focused on health and wellbeing in the heart of London’s Square Mile, which will see it re-design the public gardens at 25 Cannon Street by creating a stunning new reflection pool with views of St Paul’s Cathedral.

Thu | 30 Apr 2020, 13:57

Westminster City Council has approved developer Reef Group’s plans to invest over GBP150 million in Cavendish Square, transforming the space into a subterranean mixed-use destination in the heart of the West End and create one of London’s premier public spaces.

Thu | 30 Apr 2020, 13:57

Industry bodies INREV, ANREV and NCREIF have launched the first Global IRR Index, providing data on the since-inception performance of value added and opportunity, closed end, non-listed real estate funds in Asia Pacific, Europe and the US.

Thu | 30 Apr 2020, 13:57

Chairman and CEO of West End-based Hilltop Credit Partners, Paul Oberschneider, outlines how this is not the time to recant from real-estate lending but to maintain business as usual…