mipim
NEWS UK HEALTHCARE PROPERTY SECTOR IN GOOD SHAPE HEALTHCARE outperformed all other property sectors in the UK last year, according to MSCI’s IPD UK Annual Healthcare Property Index. Sponsored by Aitchison Raffety, the index shows a 7.9% return for healthcare property in the UK in the year to the end of 2016. The index measures 1,093 healthcare properties worth €5.7bn (£5bn) and calculates returns from a mix of primary care properties, leased principally to GP practices and the NHS, and secondary care assets including care homes, specialist treatment centres and hospitals. Malcolm Hunt, executive director, MSCI said: “The index data shows that the healthcare sector has proved resilient in challenging market conditions, outperforming all other property sectors including retail, offices, industrial and residential.” Total returns across all UK healthcare property have decreased over the last 12 months from 10.3% in 2015 to 7.9% in 2016. However, this was the third consecutive year of positive capital growth for the index and the 2016 figure exceeded the five- and 10-year average annualised returns of 7.2% and 6.6% respectively. “We now have a decade of results for the index,” Hunt said. “During this period the healthcare sector, with a total return of 6.6%, has outperformed all other asset classes — equities, bonds and listed real estate — as well as the UK all-property average of 4.5%, even on a risk-adjusted basis.”
Casablanca looks to become ‘key financial centre’ for North Africa
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OROCCO’s leading commercial city Casablanca is the gateway to investment and development in the rest of Africa. This is the message to MIPIM delegates from three Casablancabased companies jointly hosting the Invest In Casablanca stand at MIPIM. The three Moroccan pioneers are Alhambra Property; Kaizen Real Estate; and Business Realties International. “We see this visit to MIPIM as pioneering the way forward for other companies, and city and central government to get involved in MIPIM in the future,” Mohamed Houachmi from Business Realties said. “We came to MIPIM looking to talk to international investors and participators,” Alhambra Properties’s Nazih Chentouf said. “We see this visit as just the start of Casablanca’s connection here.”
The Casablanca pioneers see the role models of Barcelona and Istanbul with their huge and successful participation in MIPIM as the route to follow for their city. They believe the message from Casablanca is a good one. “People here probably don’t realise for example that the Casablanca office market is bigger than [those of] Dublin, Marseille or Lyon,” Kaizen’s Kamal Nourji said. “New regulations have liberalised the real estate sector and there are also fiscal incentives in place to encourage investors.” Houachmi said Casablanca is already a major financial services hub. “And that sector is growing rapidly. We’re on target to become the key financial centre for the whole of North Africa.” All three participants are confident that MIPIM will hear a lot
Alhambra Properties’ Nazih Chentouf
more about Casablanca in the coming years. Yesterday’s conference also featured Morocco and particularly Casablanca when looking at How Does New Infrastructure Favour The Development Of Coastal North African Cities?
FRENCH stonemason Heres is in Cannes to showcase a host of niche luxury residential projects to the international markets. Heres specialises in designing and constructing classical facades, working handin-hand with luxury property developers in various markets. The company is currently working on five properties in and around London, with various partners including Consero London, Ascot Design, Claridge Architects, Stanhope Gate and Arktec. It has recently completed a significant project, the renovation of a 4,000 sq m chateau in Louveciennes in south-east of Paris (pictured), working with French architect firm Maxime d’Angeac.
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