Managers are backing the region with a spate of open-ended fund launches, reports Jane Roberts.
German bank provides five-year facility for modular build in Croydon.
Manager expected to join MSREI and others in launching flagship pan-European vehicles.
Area should accommodate double its population, says REIT chief.
UK shopping centres and high streets must adapt fast to a new order, agreed experts at a recent conference. Jane Roberts reports.
The prospect of a ‘no deal’ Brexit and ensuing economic upheaval caused the Peel Group, Brookfield and Olayan to withdraw their £2.9 bn (€3.26 bn) bid for shopping centre REIT Intu.
Hammerson has completed the £236 mln (€265 mln) sale of a 50% share of its 1 million sq ft (92,903 m2) Highcross shopping centre in Leicester to Japanese investor Norinchukin Bank. The price represents a 5% discount to book value.
Blackstone’s next global real estate fund will focus on ‘infill’ logistics and rental housing as well as office and hotels when it begins investing next year.
Products form part of group’s ambition to increase AUM to €100 bn.