Property Funds World newsletter - " Real estate sector goes back to work"

Real estate sector gets back to work

The coronavirus pandemic continues to dominate real estate sector news, but with countries around the globe beginning to ease lockdown restrictions, there’s a slightly more positive vibe than in recent weeks.

According to Aston Chase, the London residential property market has remained buoyant during the outbreak and will continue to be active in the coming weeks, especially now that the UK government has relaxed restrictions on estate agents, surveyors and removals companies in a bid to kick-start the sector. Aitch Group and Avanton are among the developers who have been quick to react to the easing with both companies reopening marketing suites and showhomes at their developments in and around the capital.
London-based workspace start-up Incube meanwhile, is looking to assist businesses with the transition from home-working back to office-based operations with the launch of Office 2M, a smart modular wall solution designed to facilitate social distancing in the workplace. Incube is currently rolling out the product with customers including Robert Bosch Group and Great Portland Estates, providing each Cube on a monthly subscription with delivery, installation and IoT upgrades included.
Pan-European real estate investment specialist PATRIZIA and short-term property market lender Fiduciam have also both released positive news this week, with PATRIZIA reporting a 2.9 per cent increase in operating income to EUR24.7 million in the first three months of the year, and Fiduciam completing two loans for projects impacted by the coronavirus crisis.
Property Funds World

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