Mike Phillips

3 weeks ago | bisnow.com | Mike Phillips

A recurring theme of the UK real estate market over the past few years has been the lack of investment by domestic pension funds in the sector. But a new government initiative could change that. A group of 17 pension fund managers overseeing workplace pensions is pledging to invest at least 5% of their assets in UK private markets by 2030, including in property. That equates to roughly £25B of investment in private markets in the UK, the Treasury said.

4 weeks ago | bisnow.com | Mike Phillips

The consolidation in the UK listed real estate sector continues, with two REITs agreeing to be sold for a combined total of nearly £1.2B on Friday. LondonMetric Property said it would buy Urban Logistics REIT for £700M in a cash-and-shares deal, and U.S. senior living specialist CareTrust REIT completed a deal to buy smaller UK equivalent Care REIT for £450M.

4 weeks ago | bisnow.com | Mike Phillips

Like many new asset classes, coliving has seen its fair share of owners and developers trying to make a quick buck with badly thought-out schemes. But with more and more specialists building £1B-plus portfolios and institutions willing to provide them with capital, the sector's reputation for making bad buys stack up is fading. What it does need, however, is stabilised assets to trade, giving investors confidence about where pricing sits in relation to other residential asset classes.

1 month ago | bisnow.com | Mike Phillips

Several Hong Kong and Chinese investors sold out of London development projects over the last two years, hit by domestic woes and the need to repay debt. As a result, projects initiated by Far Eastern property companies have unloaded huge volumes of apartments in the UK capital, including CC Land, one of the most prolific Asian investors in London over the past decade.

1 month ago | bisnow.com | Mike Phillips

Billions of dollars have flowed into data centre development in the UK and Europe in the last few years. Now, developers are seeking buyers for stabilised assets so they can sell up and redeploy capital into building even more. “We’ve got a lot of investor interest in buying stabilised assets, looking for a certain yield on an annual basis, something that spits off cash,” DigitalBridge principal Zachary Stephenson told the audience at Bisnow’s UK Data Centre Investment Conference and Expo.