Industry News
Supply up and demand down in Phnom Penh
Reading Time: 2 minutes Cambodia: Phnom Penh’s serviced apartment market saw a surge in supply during H2 2020, in parallel with a Covid-induced decline in demand.
Urban Living News
Nuveen to make all properties carbon neutral by 2040
Reading Time: 2 minutes US: Nuveen, which has $133 billion of real estate assets under management worldwide, has pledged to make all of its properties carbon neutral by 2040.
Urban Living News
Starwood Capital JV plans £200m mixed-use redevelopment
Reading Time: 2 minutes UK: A controlled affiliate of Starwood Capital, through a joint venture with Property Alliance Group (PAG), has acquired the Renaissance Manchester site from Urban & Civic with plans for a mixed-use scheme including a new hotel, offices and homes.
Urban Living News
Crosstree makes first PBSA move
Reading Time: < 1 minute UK: Crosstree Real Estate has made its first move into the student accommodation sector with the £55 million purchase of an asset in north-east London.
Features
50 Urban Innovators changing the way we live- Part Five
Reading Time: 6 minutes Worldwide: In the lead up to URBAN LIVING FESTIVAL: stay-live-work, International Hospitality Media has created a list of 50 innovators who have changed urban life.
Industry News
Melbourne residential project switches to serviced apartments
Reading Time: < 1 minute Australia: A serviced apartment complex will be developed on Melbourne’s Punt Road after developers switched away from a planned residential apartment block and applied for a hotel permit.
Industry News
City ID bags €500 million war chest in APG and Aware Super deal
Reading Time: 2 minutes City ID currently has three operational assets in Amsterdam comprising more than 250 units. Its most recently opened properties, Boat&Co and Twenty Eight, consistently achieve one of the highest customer ratings in the city. APG, on behalf of its pension fund clients, acquired a stake in City ID in 2019.
Urban Living News
Curlew Capital strengthens PBSA team
Reading Time: 2 minutes UK: Curlew Capital has made four hires to its UK Purpose Built Student Accommodation (PBSA) team.
Industry News
Phnom Penh serviced apartment rates and occupancy decline
Reading Time: 2 minutes Cambodia: Phnom Penh serviced apartment rates declined in Q2 2020, due to the pandemic and new hotel supply, according to CBRE Cambodia.
Industry News
room2 hometels leases Belfast city centre aparthotel
Reading Time: 2 minutes N. Ireland: The pre-let of a 175-bed aparthotel on Queen Street in Belfast has been signed by room2 hometels, backed by the Lamington Group.