Infrastructure News: October 2021 - January 2022

Page 68

October 2021 - January 2022

COMMERCIAL PROPERTY

Capital T markets investment outlook Despite the latest Covid-19 outbreak, investor confidence is expected to remain strong, JLL Head of Research Gavin Read says Key investment trends entering 2022 Office Office investor demand remains stable, however there is a divergence in grade and location from both an investor and occupier perspective. Industrial Industrial and logistics will continue to be a sought-after asset class, with the majority of developments being pre-leased. Retail Despite strong retail spending, investors remain cautious towards discretionary retailing and lean towards non-discretional retailing. Alternatives Interest for alternative assets such as medical centres, data centres, aged care, hotels and cold storage are picking up, plus Build to Rent. Tenants Tenant covenant strength is increasingly more important for investors with investments made on caseby-case basis. Reposition There is increasing demand for reposition opportunities for value add strategies in strategic locations. ESG Investors are also increasingly conscious of the importance of ESG in their investment decisions and strategies. 68 propertyandbuild.com

he resilience of the country against Covid and stronger than expected economic recovery has seen an uplift in investor interest for New Zealand's real estate market. While it is uncertain how long the latest Delta-related lockdown will last, investor confidence is expected to remain strong and the existing transaction pipeline continues to progress with minimal impact on investment decisions, particularly for those assets with strong tenant covenant. All sectors (inclusive of traditional and alternatives) have been sought for direct investment across the

country, with powder remaining dry from a tentative approach throughout 2020. Although some sub-sectors struggled, others have thrived, with investors focused on placing capital into trending sectors with long term growth and stability. New Zealand’s long-term outlook remains positive for investors. It is still a favourable destination for capital on the back of the long-term economic and population story remaining positive. Between 2020-2030, New Zealand population growth is forecasted to be 0.88% per year, while average GDP growth is expected to


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Wrong name, right product why build-to-rent is struggling

4min
pages 82-84

China builds apartment block in a day

1min
page 79

Kiwi Property kick starts build-to-rent in New Zealand

2min
pages 80-81

New Zealand's housing crisis a breach of human rights

9min
pages 72-75

3D-printed housing

6min
pages 76-78

Tax changes threaten rental market

4min
pages 70-71

Priming your business for post-lockdown recovery

4min
pages 48-49

Site Safe Awards finalists announced

1min
page 65

Where is housing most affordable in New Zealand?

6min
pages 68-69

Facilities management with personal service

1min
pages 66-67

Homebrew 1080 poison hospitalises worker

2min
page 56

Surviving as a modern business

4min
pages 52-53

Is standardised training the way forward?

2min
page 57

Chemical safety relies on meaningful cooperation

3min
pages 54-55

Tips and myths around dogs

2min
pages 46-47

Toxic fumigant banned

3min
pages 34-35

Bastion NZ launch Industrial glove range

1min
pages 36-37

Industry leader in soft fall protection on construction sites

2min
page 41

Safety app a crucial element in building site safety

2min
page 45

Radio technology keeps workers safe and compliant

1min
page 44

Remote working putting organisations at risk

2min
page 38

Unlearning misguided muscle training

6min
pages 42-43

Critical infrastructure vulnerable to hackers

5min
pages 39-40

Has your fuel gone off?

5min
pages 32-33

The fight for common sense and a reasoned debate

3min
pages 26-29

The New Zealand Upgrade Programme cost blowout

10min
pages 22-25

Immigration policies hindering construction sector

6min
pages 14-16

In search of the perfect surface - contractor invents new earth compactor

2min
pages 12-13

Transmission Gully - what went wrong?

11min
pages 18-21

Multi-purpose, safer, faster telehandlers increase productivity

3min
pages 8-9

Australian construction industry cries out for reform

4min
pages 10-11

AC Filter - an engineered solution protecting worker health

3min
pages 5-7

Latest lockdown puts ongoing strain on construction

6min
pages 3-4

How scalable data centres help Mainfreight’s vision

2min
page 17
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