News

"The World Economic Forum (WEF) is warning of a $400 trillion global pension time bomb by 2050, signalling a financial crisis equivalent to climate change, as the average global life expectancy at birth is now estimated at 72.6 years, the highest ever.  Demand for long-term secure income streams is firing up appetite for ‘diverse’ real estate assets such as multifamily and senior housing and, increasingly, logistics and data centres.  Savills research states that less than 3% of global pension fund assets are held in land and property, equating to $44 trillion. Some countries invest more than others, ranging from Finland at 11% to the likes of the US at just 0.7%."

"ESG-led and climate-change mitigation still leading investor strategies, despite Covid-19. Given real estate is responsible for almost 40% of energy and process-related emissions across the globe, and global building stock is set to double by 2050, Savills says a proactive approach at every stage of building is the only option. Food security will drive future real estate activity: Savills highlights New Zealand as most secure country, with large variations between European and American nations."

"Savills has examined the effects of climate change on various aspects of real estate activity in a series of articles and interviews launched today as part of its Impacts research programme, where the international real estate advisor has studied the various social, environmental, demographic and technological ‘tipping points’ immediately facing global real estate.      "

"Trade conflict between US and China will influence cross-border activity for many years regardless of US leadership, thereby strengthening opportunities for real estate investment in markets including India, Vietnam and mainland Europe. The global life sciences sector received $2.5 trillion of investment in the five years to 2019; this set to grow in the wake of Covid-19 with potential opportunities in new markets such as India, Spain, Australia and Austria, says Savills. Long-term low interest rates will ensure real estate remains in demand as an asset class, with a mis-match between ‘dry powder’ and low availability of high quality stock keeping competition high and yields low."

"Savills EMEA cross border tenant advisory team, in conjunction with colleagues across APAC, hosted its webinar ‘a day in the life…Return to the workplace’, inviting clients across the globe to gain insight from Asia’s experience following the ease of Covid-19 lockdown restrictions in the region."

"On behalf of a private client, Savills has successfully negotiated the letting of Warley Park Golf Club in Brentwood, Essex under a new 25-year lease."

"The delayed delivery of new Grade A warehousing space in Ireland will create supply shortages for logistics companies, according to property advisor, Savills Ireland."

"The Serviced Apartment sector is feeling pressure, particularly as their main occupants are foreigners, the majority of which have returned to their home countries. Buy to let investors will also compete for the same tenant pool. Once borders reopen then this asset class will recover quickly."

"Hospitality was the first to suffer, however it is likely to be quickest out of the slump. In the midterm domestic travelers will drive occupancy. Vietnam is fortunate in being able to reactivate quickly."

"Home Delivery Services is expanding rapidly around the country to meet demand, with additional facilities just leased in NSW & QLD."