UKREiiF’s Post

London Councils presented the findings from our deep dive into social housing retrofit with the London Partnership Board, this is a place where London’s leaders come together to address London’s challenges and retrofit is recognised as one of the most significant that we will face now and in the years to come. We discussed our ambitions for a new approach to delivering warmer homes and identified many opportunities to do it all better and increase the pace, scale and efficiency of modernising our homes so their impact on the climate is reduced and they are fit for the future. One of the foremost opportunities is aligning retrofit delivery and planned maintenance. Plus, a cross cutting theme across all the solutions is they will be achieved only through collaboration and sharing best practice. This is one of the many reasons I'm looking forward to chairing the topical session at the Retrofit and Strategic Asset Management Summit and learning more from these leaders in the field will be enriching and enjoyable: - @Steve Ellard, director of assets & sustainability, Yorkshire Housing - @Richard Hughes, partnership development director, Mears Group PLC - Jack Ostrofsky, retrofit London programme director, London Councils - Fallon Warren AssocRICS (CIHCM), head of environment and sustainability, Longhurst Group London has amazing commitment, innovation and learning on retrofit. We want to see how we can make the retrofit system we have work better - reducing cost, improving quality and increasing volume to meet our net zero goals, seeing innovation and meeting others working in this area at events like this is the only way we will achieve the pace and scale that is so vitally important for us now and generations to come.

Savills Investment Management adds multifamily asset with strong ESG credentials in The Netherlands to its flagship European Living Fund Completed in April 2023, the six-storey Juf Nienke asset consists of 61 residential units with a total NLA of 4,389 sqm, with 30 units leased in the mid-rental segment and 31 in the free rental segment. The ground floor of 817 sqm comprises of commercial space currently let to a leading kindergarten and a private gym as well as 25 parking places.   A modular, timber-framed construction, Juf Nienke has been built with materials which are either recycled or renewable, significantly reducing its embodied carbon profile. Other sustainable attributes include solar panels, EV chargers and efficient district thermal heating.   Located in Amsterdam’s IJburg residential neighbourhood at the newly developed Centre Island, the building benefits from close access to local amenities and excellent public transport connections, with direct access to Amsterdam’s city centre and main central station.   The Savills IM European Living Fund is an open-end vehicle launched in mid-2023 with a strategy to invest in modern and affordable living assets with strong sustainability credentials in affluent European cities with supportive economic and demographic trends. For its institutional investors, the aim is to provide resilient income and long-term capital growth.  Patrick Au Yeung, Fund Director, Living, Savills Investment Management, commented: “The third investment for our European Living Fund following transactions in Sweden and Spain last year, this latest acquisition fits perfectly with its strategic remit to invest in high-quality, sustainable assets in key European cities with supportive fundamentals. Amsterdam is one of the strongest residential markets in Europe, with low vacancy risk, and we’re delighted to have secured this newly completed sustainable asset in an off-market transaction – a clear indicator that our European platform continues to go from strength to strength. Edgar Hertog, Co-Head of the Netherlands, Savills Investment Management, commented: “This acquisition represents another important step in growing our residential AuM in the Netherlands and Europe. The strong affordability and, particularly, the social element of renting out to mid-income tenants of this asset creates a solid, long-term leasing profile and an attractive risk-adjusted return profile for our investors.   Despite the increasing regulatory pressure, we as international investor still see positive opportunities in the Dutch market. “We look forward to acquiring more assets of similar quality and will continue to focus on assets with a strong ESG story via existing credentials or achieved following active asset management.”   Savills Investment Management was advised by Greenberg Traurig, PWC, SGS, CBRE and Savills. Louis Cobben, Edgar Hertog, Laurent van Rij,Mae van der Pol,Patrick Au Yeung,

Seventy Ninth Group Unveils £500m Bond to Transform UK Holiday Parks Seventy Ninth Group, a prominent asset management firm, has introduced a new £500m real estate bond aimed at revitalising leisure and holiday parks across the UK. The Seventy Ninth Luxury Living Six (LL6) bond is specifically designed for professional private and institutional investors, targeting the acquisition and redevelopment of UK holiday assets. With over 50 years of experience in real estate asset management, Seventy Ninth Group plans to capitalise on the post-pandemic market by acquiring holiday parks at significantly reduced prices. The strategy involves redeveloping these assets, with some being sold to the holiday and investment markets while others will be retained within the group’s long-term portfolio. Jake Webster, Managing Director of Seventy Ninth Group, commented: “The launch of this £500m bond highlights the ongoing success and expansion of our real estate investment portfolio. With the UK residential buy-to-let market facing uncertainty and record-high interest rates, astute investors are seeking to diversify their real estate holdings. We believe LL6 offers an excellent opportunity for our global network of 2,500 partners to achieve strong returns, and we look forward to welcoming more qualified investors in the coming weeks.” Building, Design & Construction Magazine | The Choice of Industry Professionals https://lnkd.in/eDFin3N7

Emira Property Fund reported strong operational results and strategic progress for the financial year ending 31 March 2024, declaring a full-year dividend per share of 117.02c. The net asset value per share increased by 2.2% to 1,733.10 cps. CEO Geoff Jennett attributes Emira's success to effective capital recycling and a strong balance sheet, highlighting achievements in both South African (SA) and US portfolios. He notes the decrease in SA commercial vacancies from 4.7% to 4.1% and stable residential occupancy at 97.4% as indicators of a well-managed portfolio. Emira expects to deliver slightly higher distributable income for the financial year ending 31 March 2025, despite low growth expectations for South Africa and high-interest rates. Emira’s diversified portfolio includes direct property holdings and indirect investments with specialist co-investors. During the year, Emira reshaped its portfolio through strategic capital recycling. It completed a scheme of arrangement for the residential specialist Transcend Property Fund, increasing its exposure to residential properties, and sold its stake in the retail-focused Enyuka Property Fund. Emira also disposed of non-core properties, transferring sales worth R596.0m, with an additional R2.4bn expected to transfer in the next six to twelve months. “Our capital recycling creates capacity and flexibility, enabling us to seize opportunities with better growth prospects that align with our long-term strategic objectives,” Jennett stated. Emira’s directly held portfolio, valued at R12.1bn, consists of 90 properties in South Africa, split between commercial (retail, office, industrial) and residential sectors. It also holds 19% of its assets in US-based grocery-anchored shopping centres, partnering with The Rainier Companies. Emira’s commercial portfolio includes urban retail (43% of SA portfolio value), office (24%), and industrial (14%) properties, all performing well below vacancy benchmarks. Its 17-property retail portfolio saw vacancies at 3.9% and tenant retention at 88.7%. The office portfolio reduced vacancies from 12.5% to 10.9%. The industrial portfolio saw vacancies decrease from 2.1% to 0.7%. The residential rental assets grew to 21 properties, accounting for 19% of Emira’s directly held SA portfolio, with a 2.6% vacancy rate. Emira invested R168.2m in commercial upgrades and R25.3m in the residential portfolio, focusing on sustainability and resource efficiency. The US portfolio, valued at R2.8bn, performed well with low vacancies (3.6%) and positive rental reversions (5.8%), contributing R222.6m to Emira’s distributable income. Emira’s balance sheet remains strong, with a 2.3x interest cover ratio and a loan-to-value ratio reduced to 42.4%. GCR affirmed Emira’s credit ratings with a stable outlook. Jennett concludes, “This solid set of results and our strategic focus on capital recycling reinforce Emira's reliable performance and operational excellence.” Photo: Geoff Jennett

Stockland and Invesco Real Estate enter into strategic capital partnership Media Release: Stockland Stockland (ASX: SGP) and Invesco Real Estate, a global real estate investment manager, today announced they have entered into a strategic open-ended partnership to develop and hold an initial portfolio of three Land Lease Community (LLC) assets in the newly established Stockland Land Lease Partnership (SLLP1) which is expected to generate approximately AUD $1.1 billion in gross development revenue2. The partnership, established on the initial basis of Stockland’s 50.1% interest, and Invesco Real Estate’s flagship pan-Asian core strategy 49.9% interest, will include ~ 1,190 homes across three Land Lease Communities at: The Gables, NSW, Aura 2 (Coves), Qld Redland Bay, Qld as well as an opportunity for SLLP1 to acquire the land lease community at Providence, Qld. In line with Stockland’s group strategy, the partnership expands its capital partnership platform and leverages the availability of long-term institutional capital and investment appetite for the Australian residential sector. The partnership further aligns with Invesco Real Estate’s core strategy to deliver compelling, high-performing opportunities to their investors. Stockland Chief Investment Officer, Justin Louis, said: “Invesco is a leading global investment management firm and we’re pleased to be able to bring to this partnership our demonstrated leadership and proven expertise in asset management and development. “With the execution of SLLP1, we are pleased to welcome another globally recognised institutional partner to our ~8,800 home Land Lease Communities pipeline. “Our Land Lease business offers high-quality, commercially attractive investment prospects for third-party investor partners, such as Invesco. The SLLP1 partnership will enable us to continue to scale our development pipeline and grow our LLC operating platform to enhance long-term sustainable business growth.” Ian Schilling, Head of Asia Pacific Core Funds for Invesco Real Estate, added: “This partnership with Stockland, one of the most established players in the segment, is an ideal platform to expand exposure to this attractive and growing real estate sector. Land Lease Communities are a high-conviction investment theme for us given the housing shortage and ageing population in Australia. This partnership is a key component in us continuing to grow our diversified portfolio of high-quality assets that are underpinned by robust market fundamentals and strong income and capital growth.” https://lnkd.in/gavy4Gvt

https://lnkd.in/gvJawnsT Real estate investment offers a multitude of strategies, each with its own unique advantages and considerations. Whether you're looking for long-term stability or short-term gains, making the right choice can significantly impact your financial future. In this article, we'll explore the world of real estate investment strategies and highlight the pivotal role that professional property management, such as the services offered by Alpine Property Management, plays in ensuring your success. The Importance of Professional Property Management: Before we dive into the specifics of real estate investment strategies, let's emphasize the significance of professional property management. Owning and managing properties can be a complex and demanding task. From property maintenance to tenant management, the responsibilities can quickly become overwhelming without the right expertise. This is where Alpine Property Management steps in, offering a comprehensive range of services to simplify your property ownership experience. Long-Term Investment Strategies: Efficient Property Maintenance: Long-term real estate investment strategies often revolve around the idea of holding properties for an extended period, typically several years or more. In this scenario, maintaining the property's condition is vital. Alpine Property Management excels in efficient property maintenance, ensuring that your long-term investments remain in optimal shape. A well-maintained property retains its value, providing you with a stable and appreciating asset. Thorough Tenant Screening: For long-term investors, securing reliable and responsible tenants is paramount. Alpine Property Management specializes in thorough tenant screening, ensuring that your properties are occupied by individuals who respect the terms of the lease and maintain the property. This leads to better tenant relations and less turnover, which is crucial for maximizing your long-term returns. Effective Rent Collection Strategies: Long-term investors rely on steady rental income to cover expenses and generate profits. Alpine Property Management offers effective rent collection strategies, ensuring that your income flows consistently. With their professional approach, you can enjoy a hands-off investment experience while your properties generate revenue. Short-Term Investment Strategies: Property Turnaround: Short-term real estate investment strategies often involve purchasing distressed or undervalued properties, improving them, and selling them for a profit in a relatively short timeframe. Alpine Property Management can assist in efficiently managing the property turnaround process, from renovation oversight to tenant placement, helping you maximize your short-term gains. A Call to Action: Regardless of your chosen real estate investment strategy, partnering with Alpine Property Management can be a game-changer. Their expertise in efficient property maintenance, thorough te

Stockland and Invesco Real Estate enter into strategic capital partnership Media Release: Stockland Stockland (ASX: SGP) and Invesco Real Estate, a global real estate investment manager, today announced they have entered into a strategic open-ended partnership to develop and hold an initial portfolio of three Land Lease Community (LLC) assets in the newly established Stockland Land Lease Partnership (SLLP1) which is expected to generate approximately AUD $1.1 billion in gross development revenue2. The partnership, established on the initial basis of Stockland’s 50.1% interest, and Invesco Real Estate’s flagship pan-Asian core strategy 49.9% interest, will include ~ 1,190 homes across three Land Lease Communities at: The Gables, NSW, Aura 2 (Coves), Qld Redland Bay, Qld as well as an opportunity for SLLP1 to acquire the land lease community at Providence, Qld. In line with Stockland’s group strategy, the partnership expands its capital partnership platform and leverages the availability of long-term institutional capital and investment appetite for the Australian residential sector. The partnership further aligns with Invesco Real Estate’s core strategy to deliver compelling, high-performing opportunities to their investors. Stockland Chief Investment Officer, Justin Louis, said: “Invesco is a leading global investment management firm and we’re pleased to be able to bring to this partnership our demonstrated leadership and proven expertise in asset management and development. “With the execution of SLLP1, we are pleased to welcome another globally recognised institutional partner to our ~8,800 home Land Lease Communities pipeline. “Our Land Lease business offers high-quality, commercially attractive investment prospects for third-party investor partners, such as Invesco. The SLLP1 partnership will enable us to continue to scale our development pipeline and grow our LLC operating platform to enhance long-term sustainable business growth.” Ian Schilling, Head of Asia Pacific Core Funds for Invesco Real Estate, added: “This partnership with Stockland, one of the most established players in the segment, is an ideal platform to expand exposure to this attractive and growing real estate sector. Land Lease Communities are a high-conviction investment theme for us given the housing shortage and ageing population in Australia. This partnership is a key component in us continuing to grow our diversified portfolio of high-quality assets that are underpinned by robust market fundamentals and strong income and capital growth.” https://lnkd.in/gavy4Gvt

Nuvama, Cushman & Wakefield form JV for real estate fund Nuvama Asset Management, and Cushman & Wakefield, a leading global commercial real estate services firm, on Wednesday announced a joint venture (JV) to create a platform to provide professional services to help domestic high-networth individuals invest in commercial real estate. Anshu Kapoor, president, head of Nuvama Asset Management, said some domestic investors had tried to invest in office buildings earlier, but they found the experience of managing commercial real estate assets a tough one. Anshul Jain, managing director, India & Southeast Asia and head of Asia Pacific Tenant Representation said, “The Indian office sector has shown remarkable resilience, setting itself on a higher plane when compared with other global markets. In the last two years the net office absorption has nearly reached 2019 pre-Covid levels of about 40-41 million sq ft.” Matthew Bouw, chief executive, Asia Pacific, Cushman & Wakefield who was present at the strategic announcement, said, “India continues to be a standout player in the office sector both regionally and globally. With average demand forecasted at 40 million sq feet per year through 2027, India’s forecasted net absorption is expected to account for 50% of total office demand in Asia Pacific. #realestate #property #investors #investments #demand #growth #therealtynews #commercial #leasing #officespace #officebuildings #funding #realestatefunds #jointventures Cushman & Wakefield Nuvama Asset Management https://lnkd.in/gXe5Ng-J

Stockland and Invesco Real Estate enter into strategic capital partnership Media Release: Stockland Stockland (ASX: SGP) and Invesco Real Estate, a global real estate investment manager, today announced they have entered into a strategic open-ended partnership to develop and hold an initial portfolio of three Land Lease Community (LLC) assets in the newly established Stockland Land Lease Partnership (SLLP1) which is expected to generate approximately AUD $1.1 billion in gross development revenue2. The partnership, established on the initial basis of Stockland’s 50.1% interest, and Invesco Real Estate’s flagship pan-Asian core strategy 49.9% interest, will include ~ 1,190 homes across three Land Lease Communities at: The Gables NSW Aura 2 (Coves), Qld Redland Bay, Qld as well as an opportunity for SLLP1 to acquire the land lease community at Providence, Qld. In line with Stockland’s group strategy, the partnership expands its capital partnership platform and leverages the availability of long-term institutional capital and investment appetite for the Australian residential sector. The partnership further aligns with Invesco Real Estate’s core strategy to deliver compelling, high-performing opportunities to their investors. Stockland Chief Investment Officer, Justin Louis, said: “Invesco is a leading global investment management firm and we’re pleased to be able to bring to this partnership our demonstrated leadership and proven expertise in asset management and development. “With the execution of SLLP1, we are pleased to welcome another globally recognised institutional partner to our ~8,800 home Land Lease Communities pipeline. “Our Land Lease business offers high-quality, commercially attractive investment prospects for third-party investor partners, such as Invesco. The SLLP1 partnership will enable us to continue to scale our development pipeline and grow our LLC operating platform to enhance long-term sustainable business growth.” Ian Schilling, Head of Asia Pacific Core Funds for Invesco Real Estate, added: “This partnership with Stockland, one of the most established players in the segment, is an ideal platform to expand exposure to this attractive and growing real estate sector. Land Lease Communities are a high-conviction investment theme for us given the housing shortage and ageing population in Australia. This partnership is a key component in us continuing to grow our diversified portfolio of high-quality assets that are underpinned by robust market fundamentals and strong income and capital growth.” https://lnkd.in/gavy4Gvt

Brookfield Asset Management acquires 50% stake in Journal Student Living   Brookfield Asset Management has acquired a 50 per cent stake in Journal Student Living, a best-in-class student accommodation operating platform. The interest was acquired from integrated property business Citiplan, which will continue to own the other 50 per cent interest.   Brookfield and Citiplan Property formed a joint venture in December 2021 when they acquired a purpose-built student accommodation (PBSA) development site on Grattan Street opposite the University of Melbourne. Since then, the joint venture has acquired a further two sites in Melbourne and Brisbane, with Brookfield as the majority shareholder.   Brookfield Asset Management Co-Head of Australia Real Estate Ruban Kaneshamoorthy said: “Education is Australia’s fourth biggest export. We have the third-highest number of enrolled international students globally but limited high-quality purpose-built student accommodation in our capital cities relative to other education hubs.   Journal Student Living CEO Ian Davidoff said: “Since its inception, Journal has been offering students a unique living experience shaped by creativity, design, culture and a community-focused environment. Working with Brookfield, we are excited to continue to offer international and local students a choice to live in boutique, experience-led accommodation, which gives them the foundation they need to succeed in their goals.”   Brookfield has a US$7.4 billion global student accommodation business, with over 200 assets comprising more than 60,000 beds across Europe and the United States. Read more published on The ASEAN Developer > https://lnkd.in/gsqBPGUQ COMMO Len Chersky Leonie Wilkinson Sophie Fallman Tomas Fekete Saul Davidoff Ian Davidoff David Walker Victor Tran David Robertson James Sharrock #btr #studentliving #brisbanerealestate #brisbaneeducation #studentliving #studentaccomodation #realestatedevelopment