The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain issues – exacerbated by a severe lack of HGV drivers – and fears that interest rate rises may rise in the near-term as inflationary pressures mount, had the effect of dampening the economic bounce back. Merger and acquisitions (M&A) gathered pace, with St Modwen Properties being bought out in a £1.27bn deal and a £969m take private deal agreed for GCP Student Living. M&A may be a theme for the rest of the year, with many companies trading at significant discounts and the rumour mill working overtime.
19 Oct 2021
Real estate quarterly report | Third quarter 2021 | Q3 2021
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Real estate quarterly report | Third quarter 2021 | Q3 2021
abrdn European Logistics Income PLC (ASLI:LON), 60.7 | Urban Logistics REIT plc (SHED:LON), 110 | Tritax EuroBox Plc (BOXE:LON), 56.2
- Published:
19 Oct 2021 -
Author:
James Carthew | Matthew Read | Richard Williams -
Pages:
11
The quarter started with much promise, as activity picked up with the full opening of the economy. This was reflected in the valuation of commercial properties and in turn investor sentiment to the listed real estate sector. However, supply chain issues – exacerbated by a severe lack of HGV drivers – and fears that interest rate rises may rise in the near-term as inflationary pressures mount, had the effect of dampening the economic bounce back. Merger and acquisitions (M&A) gathered pace, with St Modwen Properties being bought out in a £1.27bn deal and a £969m take private deal agreed for GCP Student Living. M&A may be a theme for the rest of the year, with many companies trading at significant discounts and the rumour mill working overtime.