The Rise and Fall of Retail Funds: How Did We Get Here?

Hey there! So, guess what? The M&G Property Portfolio is winding down, and now we’re left with just four retail funds. Can you believe it? I mean, how did we even get to this point? It’s crazy, right? But that’s not all. Rothesay has taken over Nationwide’s London lease. Talk about a power move! And get this, CBRE went ahead and bought a global investment banking business. They’re really making moves, aren’t they? Oh, and here’s something interesting. A recent study showed that rent can almost wipe out a student loan. I wish I had known that back in my college days! Anyway, let’s talk about luxury residential. What happens when the market takes a downturn? It’s something worth thinking about. And speaking of downturns, Scarborough just sold their Lumina project. Lights out, I guess. But hey, London’s economy is shining bright, even brighter than New York. That’s quite a feat! And guess what? Gove is giving us a 30-month window to add second staircases. How considerate! Moving on, Trei’s BTR project in Poland got the green light. That’s a cool €47 million right there. And last but not least, BentallGreenOak is building a massive logistics centre in Germany. Talk about ambition! Oh, and before I forget, Vita Group managed to square off a £126 million debt package. Phew, that’s a lot of news! So, let’s dive into the details, shall we?