Property

The whole ‘death of the office’ shtick has been subject to many articles over the last six months, but this is not one of them. It is, however, about how offices remain an investable asset, how the perception of offices is changing and why family offices should be looking to acquire them sooner rather than later.

Currently, there is a unique window of opportunity, particularly in the regions, as a large chunk of the institutional and fund investor population is currently sitting on the side-lines.

Covid-19 did not affect all European commercial real estate in the same way—hotels and non-food retail assets were particularly affected, but leasing activity in logistics was very resilient.

Amundi’s likely, but not certain, central economic scenario is an increase in global GDP in 2021 however, the recovery may be bumpy, with epidemic outbreaks and lockdown measures through the fourth quarter of 2021.

But what are the opportunities and challenges in real estate for 2021? And what are the overall trends for the asset-class?

Why would a family who at one time owned up to 50,000 acres sell a house that has been in the family for 40 generations? This is what Will Garton-Jones, owner of the Llanfendigaid Estate in Wales has chosen to do, but it is not a decision that he will have taken lightly.

British family business Hays Travel says it will buy the entire property portfolio of the collapsed travel group Thomas Cook and save up to 2,500 jobs.

The UK’s largest independent travel agent announced today they had agreed to acquire Thomas Cook’s 555 high street stores for an undisclosed amount. The 39-year-old company already owned 190 shops across the country and employed hundreds of homeworkers.