Real Estate Gazette: Navigating complexity in diversified markets

Issue 23

Real Estate Gazette Series

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We would like to welcome all our readers to this special issue of DLA Piper’s Real Estate Gazette, which presents material tied to the topics under discussion at our first European Real Estate Summit, to be held at the Landmark Hotel in London on Tuesday 1 March 2016.

The theme of our Summit, 'Navigating Complexity in Diversified Markets', acknowledges the challenges to be faced in allocating money in a European market which is becoming increasingly diverse, both geographically and from an asset class perspective.

In this issue of the Gazette, we give our readers an insight into a huge variety of topics, including:

  • The trend in pan-European refinancing, where deals are structured on an individualized approach
  • Articles from the Middle East  highlighting Islamic finance as a viable alternative to conventional debt funding
  • A look at the Netherlands, discussing recent case law developments affecting the VAT liability of real estate investment funds
  • Articles include an assessment of Portugal’s logistics sector
  • A discussion of risk in UK office leases
  • A summary of the reforms to the land law system in Morocco and its rapidly developing hospitality sector
  • And much more

A selection of articles is below, alternatively you can download the full Real Estate Gazette Issue 23, in two formats:

We do hope you will enjoy reading our views, and if you would like more information on any of the topics featured in this issue, please do get in touch with the authors.

In questo numero

  • Seeing risks and managing risks in UK leases
    29 FEB 2016

    Like afternoon tea, cricket and other great British institutions, the real estate law of England and Wales can be a bit of a mystery for those who are not familiar with it. This article considers three areas of the real estate law of England and Wales that can give rise to significant problems if parties are not aware of the risks.

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  • Reform of land law systems in Morocco
    29 FEB 2016

    Morocco is an increasingly favoured target for international investors looking to diversify real estate investment opportunities. In 2014, the real estate sector represented 38.6 per cent of foreign international investment compared to 14 per cent in 2013.

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  • Recent trends in resort mixed use development in the US
    29 FEB 2016

    Resort communities have evolved over the last several decades from communities comprised of an amalgamation of distinct projects and uses with no common plan and scheme of development, to forward-thinking “sustainable” communities with planned integration of uses and major amenities (referred to as “planned unit developments” or “master planned communities”). Most state laws now grant greater flexibility to mixed use master planned communities than with single use communities, including in establishing the covenants, conditions, easements and restrictions (CC&Rs) that govern the property within the community.

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  • Investing in the Dutch housing market
    29 FEB 2016

    The Dutch economy is gradually improving and showing modest growth. House sales are picking up and the decrease in house prices has flattened out. It is not only Dutch, but also foreign investors, aiming at a stable return in long term investments, who are increasingly looking at the Dutch residential market. This article examines the attractions of the Dutch housing market and considers potential pitfalls.

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  • Shopping malls in Spain: the return of an active market
    29 FEB 2016

    According to the latest market research publications, the shopping mall floorspace in Europe has substantially increased during the last few years, amounting now to more than 152.3 million sq m. However, due to the financial crisis, there was almost no shopping mall development activity in Spain at all during 2014. At the beginning of 2015, there were 544 shopping malls and retail parks in Spain, with a total gross lettable area (GLA) of over 15.4 million sq m.

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  • Can buying Norwegian commercial property trigger Norwegian financial regulation?
    29 FEB 2016

    The Norwegian real estate market has seen an increasing trend in cross-border activity in recent years and in 2015, it was one of the fastest growing real estate markets in Europe. Commercial real estate is usually acquired through the purchase of the entity which owns the property.

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  • Hidden prospects - investing in secondary locations in Germany
    29 FEB 2016

    Due to increasing rents and property prices in Germany, investors’ interest in the commercial and residential real estate market continues to be strong. Most investors tend to focus on the seven prime locations of Frankfurt, Hamburg, Munich, Cologne, Berlin, Düsseldorf and Stuttgart. Recent studies have shown, however, that secondary locations are shedding their image as forgotten cities and may well offer excellent opportunities for investors.

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