Property Funds World Newsletter

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NEWSLETTER | 16 Apr 2020

Rooms for improvement: UK hotel sector to weather coronavirus crisis…

UK hotels may be having the toughest of tough times at present due to the coronavirus pandemic, but the sector is well positioned to ‘rebound strongly’, according to new research by Knight Frank. The independent property consultant is predicting a surge in Q4 investment and full recovery, in London at least, by the end of next year, as long as the market reopens by the end June.

Other research out this week, this time from ANREV, INREV and NCREIF, reveals that real estate investment managers recorded a bumper year for capital raised globally in 2019, reaching a new high of EUR201.3 billion, with a significant uptick in the volume of equity raised specifically for non-listed vehicles – up from EUR154.8 billion in 2018 to EUR196.4 billion in last year – pre-coronavirus of course…

In deal news this week, we report on the acquisition of a premium Luxembourg city centre office building by PATRIZIA, plus logistics acquisitions by Edmond de Rothschild REIM and Amundi.

Property Funds World

UK hotel market will “rebound strongly” post-pandemic, says Knight Frank

Thu | 16 Apr 2020, 12:55

The UK hotel market is set to “rebound strongly” once the economy revives and travel restrictions are lifted post the Covid-19 pandemic, according to research by global property adviser Knight Frank.

Thu | 16 Apr 2020, 12:55

Real estate investment managers recorded a bumper year for capital raised globally in 2019, reaching a new high of EUR201.3 billion, according to The Capital Raising Survey 2020, published today by ANREV, INREV and NCREIF.

Thu | 16 Apr 2020, 12:55

Office take-up in Edinburgh showed resilience in the first quarter of 2020 as the Covid-19 pandemic began to take hold, according to analysis from Knight Frank.

Thu | 16 Apr 2020, 12:55

PATRIZIA has acquired the AIRE office building in Luxembourg City on behalf of its institutional clients. The acquisition increases the number of properties PATRIZIA manages in Luxembourg to 13, comprising total space of around 87,000 sq m, with a total value of approximately EUR 800 million.

Thu | 16 Apr 2020, 12:55

Edmond de Rothschild Real Estate Investment Management has acquired a logistics property in the Netherlands for the Edmond de Rothschild Euro Industrial Real Estate Fund.

Thu | 16 Apr 2020, 12:55

Amundi Real Estate, on behalf of the funds it manages, has acquired a 130,435 sq m logistics platform in Lahr, in the state of Baden-Württemberg (south-western Germany), from the Goodman Group.