"Over the last few months, two of our colleagues have accepted CFO positions at market-leading Canadian REITs. It is a testament to our recruiting, training, reputation and culture that our colleagues have so many opportunities to succeed within our company and elsewhere. We continue to recruit thoughtful, talented and inspired team players who can contribute to our company's success and we undertake to provide them with the opportunity and training to succeed within our organization and develop their capabilities with a rewarding career." said Michael Cooper, Vice Chairman of Dream Office REIT and President and CEO of Dream Unlimited Corporation.
Global real estate investment fell in 2014 for the first time in five years, dropping 6.3 percent to US$1.21 trillion, according to research published at MIPIM by global real estate adviser Cushman & Wakefield.
It's not all doom and gloom. The world of sustainable business remains vibrant, innovative and maturing, as companies take on new and bigger challenges. Notable in our annual depiction of 10 trends for the year ahead are both risks (stranded assets could wreak havoc on some com- panies' balance sheets) and opportunities (open and distributed energy, agriculture and other technologies stand to disrupt markets, creating sizeable opportunities for innovators).
peaking at € 17 billion in 2014.
This is due in the main part to the diverse economic fabric of the region which provides robust and sustainable occupational markets. Balance between the major business sectors including large industry, public sector, financial services and other service providers keeps take up levels at around 2 million square metres per annum. With an overall office stock in the region above 50 million square metres, Paris Region is also the largest office market in Europe.
But it is not all about offices!
Ivanhoé Cambridge announced today the acquisition of 3 Minster Court, a high-quality office property located in London's EC3. Ivanhoé Cambridge's overall investment totals more than £170 M.
In major cities worldwide, city waterfronts built for bygone 19th- and early 20th- century commerce and industry, are transforming for 21st-century living.
Canada Pension Plan Investment Board (CPPIB) announced the acquisition of 100% of the U.K. student accommodation portfolio operating under the Liberty Living brand from the Brandeaux Student Accommodation Fund. As part of the transaction, CPPIB also acquired 100% of the Liberty Living management platform, Liberty Living Management Two Ltd., thereby creating a single, integrated company under the Liberty Living brand. The total consideration paid for the portfolio and management platform was approximately £1.1 billion.
Euclid Analytics, the leader of in-store retail analytics, released its monthly retail benchmarks report that analyzed shopper activity and behavior during the month of February. This month's report measured data from tens of millions of domestic shopping sessions to reveal that shopping activity decreased compared to last year. Traffic declined year-over-year due to harsh weather across much of the country, and storefront conversion was negatively impacted by a less promotional environment. In-store engagement improved year-over-year with the help of Valentine's Day, but declined sequentially and failed to drive sales improvement.