M Core Property’s Post

𝐋𝐢𝐠𝐡𝐭𝐡𝐨𝐮𝐬𝐞 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐢𝐞𝐬: Unaudited Consolidated Interim Results 🏬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬: Lighthouse Properties continues to expand its footprint in Western Europe, with recent additions to its Iberian mall portfolio demonstrating its commitment to growth and market resilience. 📈 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐆𝐫𝐨𝐰𝐭𝐡: Total revenue for the six months ended 30 June 2024 reached €41.33 million, up from €38.14 million. The company's focus on dominant and defensive malls is paying off as it adapts to changing retail demands. 📊 𝐍𝐞𝐭 𝐀𝐬𝐬𝐞𝐭 𝐕𝐚𝐥𝐮𝐞 (𝐍𝐀𝐕): The net asset value increased to 41.46 EUR cents per share, and the company's management continues to effectively navigate the evolving market landscape with a strategic approach to growth and value enhancement. 💰 𝐒𝐡𝐚𝐫𝐞𝐡𝐨𝐥𝐝𝐞𝐫 𝐑𝐞𝐭𝐮𝐫𝐧𝐬: The company has declared an interim distribution of 1.2166 EUR cents per share, reflecting 100% of distributable earnings. This strong performance is complemented by a significant increase in headline earnings to 0.90 EUR cents per share. 🌍 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞: Lighthouse Properties' strategic acquisitions and developments across key European markets are showing robust performance, with expectations for a strong FY2024 distribution of approximately 2.50 EUR cents per share, subject to acquisition timings and interest rate movements. For a comprehensive overview of the results, the full interim report can be accessed here: https://lnkd.in/eFPv5HZy #LighthouseProperties #Investment #RetailRealEstate #FinancialResults #InterimResults #EuropeanMalls #Growth #Innovation #ListedProperty #JSE

Investors Sixth Street and Starwood Capital have now completed their deal for a majority stake in a 13-unit Italian retail portfolio from Immobiliare Grande Distribuzione (IGD) for €258 million. https://lnkd.in/gjq63rFi The portfolio consists of eight hypermarkets in Chioggia, Porto d’Ascoli, Roma, Rimini, Conegliano, Ascoli Piceno, and two in Bologna, three supermarkets in Civita Castellana, Ravenna, and Rome and two shopping malls in Bologna and Chioggia. Together, they generate around €17 million in net annual rental revenues. The transaction, which was announced in February, was carried out through the establishment of a closed Real Estate Investment Fund called the Food Fund, established and managed by Prelios SGR, one of the Italy’s main real estate asset management and services companies. In total, 60% of the fund (class A shares with preferred return) will be held by a Luxembourg vehicle (50% Sixth Street and 50% Starwood Capital), while the remaining 40% (class B shares with subordinated return) will be held by IGD. #retail #portfolio #Italy #closeddeal Sixth Street Starwood Capital Group IGD SIIQ SPA #Consorto #CRE #commercialrealestate #commercialproperty #retwit #follow

New insights from the #PropTechBarometer 📊   The PropTech Barometer is produced by ESCP Business School in collaboration with the Gouvernement Monaco,Extended Monaco, Frédéric Genta). In this new video, Jaime Luque, Director of the Government of Monaco’s Real Estate Technology Innovation Chair at ESCP Business School, explains the latest analysis of the #PropTechIndustry: The top 500 American Dealmakers by Region in the US 🇺🇸   🎖️ Key insights: • The most notable individual deals are within the financial services sector. • The next most significant deals are in the B2B sector, involving companies such as CSC and Deliverr. • The acquisition of SMS Assist by Lessen highlights the potential reorganization of the diverse American markets.   We invite you to download it to gain a deeper understanding of the sector 🔍   Frédéric Genta, Diego Bonaventura Jaime Luque #realestate #Globaltrends #dealmarker #Proptech

#MarketExpert | As highlighted by AXI IMMO Group experts Renata, Anna and Grzegorz in recent analyses for Rzeczpospolita, Poland's industrial real estate market is stabilizing, with developers focusing on tenant-tailored projects and a surge in investor interest in industrial-logistics portfolios, leading to an uptick in transaction processes. More in articles by Adam Roguski in the print version of Rzeczpospolita or online: 👉 Poland on tenant's target - link: https://lnkd.in/dD8AHN9u 👉 Investors popping up on the Vistula - link: https://lnkd.in/dq2y4-SS

S-REITs Recap - Week 51 🪙Mapletree Logistics Trust - Proposed Divestment Of A Property In Singapore 🪙CapitaLand Ascendas REIT To Expand Its US Logistics Portfolio With First Sale And Leaseback Acquisition From DHL USA For S$150.3 Million 🪙Loan Facility obtained by Keppel DC REIT 🪙ESR-REIT - Daily Share Buy-Back Notice 🪙Far East Hospitality Trust Entered into a sustainability-linked facility agreement 🪙IREIT Global REIT Inks Another Major Hospitality Lease At Berlin Campus, Riding On Its Strong Leasing Momentum 🪙OUE REIT Divestment of Lippo Plaza Shanghai 🪙Cromwell European REIT Divests Two Assets In Italy For EUR20.9 Million 🪙Singapore REITs Outlook: What's ahead for 2025 on Jan 8, 2025 at SGX Auditorium jointly organised by SGX Academy and REITsavvy (Early Bird Registration!) See detail announcements here: https://lnkd.in/g3awa_YQ #reitsavvy #reitnews #reit See previous week recap here: https://lnkd.in/gSdH5awf Thomas Chai, CFP® Xavier Koh Kai Jie Loh Geoff Howie Regina Choo Hock Beng 🇸🇬 Daniel Lee

An excellent few days in Munich last week for EXPO REAL (Messe München), meeting with both new and existing LPs along with The New Amsterdam Group BV client, Möller & Partners. The Swedish residential market represents an exciting opportunity for LPs, something that many have identified through their own research. Generally, there was an air of cautious optimism amongst attendee LPs, which bodes well a pick up in investment volumes for 2025. Some key takeaways: - Availability of capital for equity strategies will be better in 2025 - LP appetite for new manager relationships is improving, albeit slowly - Sector-specialised managers are well-positioned to accelerate capital raising initiatives for 2025, as this is where strongest LP demand is focused - some substantial new LP pools are actively targeting value-add and opportunistic strategies in European real estate, albeit they are operating under the radar Very much looking forward to the exciting opportunities that will inevitably emerge as market momentum continues to increase.

Check out the video highlights from yesterday's #HOPSCA Philippine Commercial Complex Development Summit! Aviso Valuation & Advisory was thrilled to attend this dynamic event organized by HOPSCA, where industry leaders and innovators gathered to discuss the future of commercial real estate development. #CommercialRealEstate #RealEstatePhilippines #SustainableRealEstate #CommercialRealEstate #InfrastructureDevelopment #AVISO #WeValueBeyondMeasure

New Insights from the PropTech Barometer📊.   The PropTech Barometer is produced by ESCP Business School in collaboration with the Government of Monaco (Gouvernement Monaco Extended Monaco, Frédéric Genta). In this new video, Jaime Luque, Director of the Government of Monaco’s Real Estate Technology Innovation Chair at ESCP Business School, introduces the M&A deals in the last two Fiscal Cycles. 🏦   🎖️Key takeaways: • The relative decline in M&A deals across all industry verticals for Proptech in the current fiscal cycle suggests that much of the anticipated market consolidation has now peaked. • Most deals occurred in Information Technology and B2C sectors. • 46% of M&A deals are within the IT sector.   We invite you to download it to gain a deeper understanding of the sector 🔍   Frédéric Genta, Diego Bonaventura Jaime Luque #Proptech #realestate #IT #Globaltrends #M&A

Some of the Aprirose Real Estate Investment team have been out in #HongKong as part of a week of events coinciding with #MIPIMAsia. Our CEO Manish Gudka joined as guest of the British Consulate in Hong Kong alongside Baroness Poppy Gustafsson, co-founder of Darktrace and Minister of State for Investment as a speaker on the opportunities in #LondonRealEstate. Other speakers on the panel were Lloyd Lee, Raymond Kwok and raj rajput.   Thank you to the British Consulate, Eversheds Sutherland, EY for hosting and coordinating the session.   Aprirose is one of the leaders in partnering with #Asianinvestors on their London and UK real estate strategies and we are always looking for new co-investors and interesting deals so we can structure the right transaction for all parties.   Interested in learning more about this dynamic market and finding out where the hidden gems and asset management/value creation opportunities are? Get in touch to glean insight from our team of experts. #globalinvestment #globalcapitalmarkets #inwardinvestment #londonrealestate #propertyinvestment #Londonpropertyinvestment #asianinvestment #asiancapital #marketleaders #investorexperts #investmentpartners #propertyfuturegazing

Discover why Madrid's commercial property market is attracting global investors. From bustling shopping districts to modern offices, learn about the hotspots, potential yields, and key factors to consider. Let CENTURY 21 Boutique guide you through your next big investment in Spain's capital. MadridRealEstate CommercialProperty InvestmentOpportunity SpainBusiness RealEstateInvestor MadridCBD PropertyYields CENTURY21Boutique