Weekly data sheet: UK sellers see opportunity to divest office and retail

More London offices went on the block and the number of UK shopping centres for sale at high single or double digit yields ticks up.

Agents say there is around  £3.5 bn of live London offices that investors would like to sell - though not all are being formally marketed. There are also offices to buy in Milan, Barcelona and Paris.

UK open-ended funds will be a source of sales this year as Aegon followed Aviva Investors and said it did not have sufficient liquidity to re-open its gated OEF. Sales of circa £380 mln of property will follow.

In the debt capital markets, there were no fewer than three green bond issues. Assura made its debut and CTP and Gecina continued to convert finance to this format. One of two CTP tranches was the lowest ever coupon by a CEE corporate, at 0.5%, hitting the investor sweet spot of logistics + sustainable investing.

Real estate companies have issued more than 20 green bonds now in H1 2021.

We also track the latest new funds launching and raising, as well as recently completed investment deals that have confirmed pricing.

Click here to access the data.


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