| | Coronavirus hits commercial property valuations
With the world still in the grip of the coronavirus pandemic, this week we look at new figures from CBRE suggesting that commercial property capital values fell by 3.0 per cent in March, with the retail sub-sector hit harder than either industrial property or offices.
Staying with the Covid-19 crisis, we also report on a prediction from German industrial, warehouse and logistics property specialist Realogis-RLI Group, that institutional real estate investors will massively reallocate capital to logistics properties in a post-coronavirus world.
Elsewhere, we have news of another residential investment in China by Century Bridge – this time in Huzhou – which comes hot on the heels of last week’s announcement of a similar investment in Taicang. We also report on the acquisition of GBP56.1 million of assets by Urban Logistics, plus a tie-up between virtual data rooms specialist Drooms and German tech company realxdata aimed at improving efficiency in real estate transactions.
Property Funds World
| | | | | | | | | | | | | | | | Urban Logistics acquires GBP56.1m of assets | | Thu | 9 Apr 2020, 12:38 | | Urban Logistics has announced GBP56.1 million of acquisitions as it begins deploying the proceeds of its GBP136.1 million fundraising, which completed just days before the UK went into lockdown. |
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