| | 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
| | | | | | | | | | | | | | | | PATRIZIA acquires large office building in Luxembourg city centre | | 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. |
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