Rebound, Revenge & Re-Invent: A New Journey for Retail Realty (Cushman & Wakefield)
The retail sector is considered a core asset class in the Indian real estate industry. Currently, it is recovering from the toughest business climate it has ever experienced due to the pandemic. Retailers, developers, and investors are taking cautious steps while delving into the segment, owing to 2 main factors – the e-commerce onslaught, and higher digital adoption among consumers.
There was a strong return to malls after restrictions were lifted. Revenues and footfalls of mall developers and retailers have largely recovered to pre-pandemic levels.
Cushman & Wakefield’s latest report on a new journey for retail realty addresses:
Rebound – Retail real estate’s current story Revenge – As pandemic fears recede, a shopping culture has emerged Re-Invent – Retailers and mall developers consider the adoption of digital & analytics and tech integrations
To read more about the journey of the retail sector of India’s real estate, read the report: Rebound, Revenge & Re-Invent.
2022 Asia Pacific Hotels & Hospitality Update: A Roadmap to Recovery (CBRE)
Confidence in Asia Pacific’s Hotels & Hospitality market continues to grow as borders reopen and operating performance recovers to pre-pandemic levels.
The recovery continues to be largely driven by domestic demand, with international arrivals accelerating in markets within the Pacific and Southeast Asia, which have loosened entry and quarantine restrictions and are now open to all arrivals. CBRE forecasts tourism arrivals within the region to reach pre-pandemic levels by 2024, with hotels performance to reach 2019 levels in the same period.
Furthermore, given the daily pricing structure and flexibility of rate changes in an evolving economic climate, hotels provide an inflationary hedge. CBRE is therefore forecasting increased investor appetite for operational real estate, such as hotels, as a strategy to enhance and/or maintain portfolio returns.
As human beings, we are curious by nature. If you reflect on your choices, profession, passion, you will realize that you resonate with the idea at its very core. It is observed that we are able to respond and perform better when we connect with the thought, concept of what we are doing. When an organization formulates its business strategy, it is always aligned with the vision of the organization. Similarly, it is important that ESG and sustainability are factored in the vision of the organization. It is only when ESG and sustainability as a concept resonate with the organization’s values and its people, they will succeed and have the desired impact.
At IndInfravit, we have attempted to engrain ESG in our DNA. But before doing that we reflected on our business objectives, the ecosystem, our culture and our vision. As an organization, we are continually striving to achieve and maintain the highest quality standards in the operations and maintenance of projects throughout their concessionary term while incorporating environmental and social considerations important for long term survival of business. Being a key player in the infrastructure space, we are cognizant of the impact we have on the overall ecosystem – economy, environment, society and community at large. It has been our endeavour to create a positive impact on the business neighbourhood, environment and the country as a whole. We acknowledge that to drive this, it is important to engage with our stakeholders, work cohesively and hold ourselves accountable. We strongly believe that our ability to take decisions which create a positive impact on the ecosystem forms the very core of sustainability. Imbibing ESG into our business strategy, thus seemed a perfect choice.
Walk the talk
Once you have identified the reason, the next step is to identify specific initiatives and design a framework to drive the ESG agenda. The initiatives could range from implementing solutions, which are readily available, to solutions, which might require innovation and brainstorming. Another important aspect is the oversight and governance around ESG. Typically, an ESG committee comprising of the CXO’s/BODs would augur well for driving ESG related initiatives. Commitment from all stakeholders is essential to ensure that the ESG agenda is implemented in spirit.
At IndInfravit, we have undertaken various initiatives to streamline our GHG emissions. We are in the process of integrating low-carbon energy sources for our operational usage which would significantly reduce our carbon footprint. We have an integrated approach of tolling system operated by solar energy. We have also undertaken the process of conversion of HPSV lamps to LED lights.
We are committed towards lowering our environmental footprint as well as implementing resource- saving practices along the whole value chain. Drip irrigation, ground-water recharge, tracking and measuring pollution, migrating to greener fuels, using green DG sets are some of the initiatives implemented in this regard. We are working towards continual improvement in workforce strategy, terms of employment and employee benefits.
From an implementation and oversight perspective, we have developed an implementation strategy, which penetrates right to the Project Head level. Our aim was to empower our Project Heads to run the initiatives on ground, then have our SBU heads review the pace of implementation and eventually have these dovetail to the CXO’s office for continuous oversight and direction.
I would like to conclude by saying that eventually it is our responsibility to embrace sustainability and pass on to our generations a planet, they can cherish, a way of life that will sustain.
Pawan Kant
Chief Executive Officer LTIDPL IndVIT Services Ltd (Investment Manager to the IndInfravit Trust) ×
Mr. Pawan Kant
Chief Executive Officer LTIDPL IndVIT Services Ltd (Investment Manager to the IndInfravit Trust)
Mr. Pawan Kant is an Infrastructure & Engineering professional with over 3 decade experience in executing and management of large infrastructure projects including on PPP basis. His areas of expertise besides P&L are Project Execution, Operations and Management, M&A, Bidding, Commercial & Contracts etc. He has worked on large projects in India and Overseas. He has worked with the House of Tata’s besides experience of other domestic and international corporates such as Kalpataru Power Transmission Limited, Singapore Technologies, Hindustan Construction Company Limited, Great Eastern Shipping, etc. He has worked on Roads and Highways, Industrial Park, SEZs, Power Transmission, Townships, etc.
He was also instrumental in successfully executing India’s first integrated project on Relationship Contract model (Alliance Contracts); the largest logistics project in SE Asia, multiproduct SEZ in India, Highway etc. He has also worked on initiatives of World Economic Forum.
As CEO of Investment Manager to the IndInfravit platform, he is responsible for management and growth of the assets under the portfolio. IndInfravit Trust is India’s foremost Public Listed Privately held platform. It owns and operates 13 highway projects accumulating 5000 kms length. Globally renowned long-term Investors – CPPIB India Advisors Private Limited, Allianz Capital Partners GmbH & OMERS Infrastructure Europe Limited are Key Investors into the platform.
Unlocking Strategy in a Changing Environment (Cushman & Wakefield)
This report, Part II in Cushman & Wakefield’s Reset 2022 trilogy, brings together the views of a panel of institutional investors as shared during the webinar “Unlocking Strategy in a Changing Environment”.
The analysis in this report draws upon these views along with live audience polling conducted during the webinar and the results of an investor intention survey conducted over approximately three weeks in August 2022.
Resilience in the Commercial Real Estate Industry: Protecting Value for an Uncertain Future (BOMA)
BOMA’s latest guide offers practical guidance for operations managers while connecting the data collection practices for operational management and efficiency with corporate portfolio risk management.
We already collect much of what we need to understand our risk exposures, providing an auditable trail of evidence for routine filings and declarations of how the property portfolio is affected by climate change and other contextual trends.
Critically, it allows us to focus on what we can control: our operations.
We can know and manage how a failure in the power supply will affect us, and therefore what we must do to ensure that our tenants and we can continue to operate effectively. It is the underlying concept behind operational resilience: safe-to-fail.
It builds confidence and value in the market, distinguishing properties that can support continued operations over those that fail. When we view our properties through an operational resilience lens, many opportunities present themselves in cost and risk reduction while enhancing operating efficiencies and value.
A New Trinity for Measuring Data Centre Sustainability (Cushman & Wakefield)
The Asia Pacific data centre market is one of the fastest developing regions and is on track to become the world’s largest over the next decade. Explosive growth in data centre demand across the region, however, has deepened the sector’s environmental impact.
Leaders in the data centre industry have responded by becoming powerful voices for sustainable change and as per a recent webinar on Data Centres in Australia Driving the Sustainability Agenda, they are interested more in collaborating than competing and agree that newer standards and gauges can unlock the next green wave of impact and value.
Data centres have traditionally relied on Power Usage Efficiency (PUE) as the sustainability metric of choice. While substantial improvements in PUE standards have been made over the years, measuring PUE alone fails to capture the full environmental impact of data centres.
In this report, we explore how PUE, in combination with Water Usage Efficiency (WUE) and Carbon Usage Effectiveness (CUE) can form a more holistic measure of sustainability performance.
Global REITs Through Economic Cycles (Hazelview Investments)
Although no two cycles are the same, looking at bear markets since the 1970’s, we believe a ‘typical recession’ has already been priced in and the path forward for REITs offers promise.
The MSCI/APREA Pan-Asia Quarterly Property Fund Index measures net property fund returns and tracks the performance of 8 open-ended commingled funds, with a Net Asset Value of USD 13.2 billion as at September 2025.
It is a peer-group index designed to provide a competitive set to better understand and benchmark performance, analyze integrated property and fund-level data, and evaluate intra-year, in-region market indicators.
Under the Lens: India’s Data Center Explosion (ANAROCK)
The unprecedented crisis created by the COVID-19 outbreak has propelled the data center business providing an unexpected tailwind. Technology adoption and digitization across the sectors were fast-tracked globally and India also leap-frogged at least a decade in the past couple of years.
The lockdown and subsequent restrictions threw life and business out of gear. However, this very black swan event became a massive catalyst for digital adoption across the country.
The government’s initiative and drive towards a digital economy was accelerated further as all aspects of daily life from banking, education, and shopping were forced to switch and adapt to the digital ecosystem. This had led to increased use of data consumption and internet bandwidth across the country, driven by the ever-expanding reach of social media, increased use of smart devices, data localization, increased adoption of cloud services, and digital transformation journeys of several Indian companies.
India accounts for 14% of the world’s mobile subscriptions and 15% of the total mobile data traffic. This is likely to increase to 17% by 2027 as our economy is poised to grow despite a global slowdown and other economic headwinds. Hence, it is evident that a substantial volume of data will be generated that will require enhanced storage capacity.
While the presence of data centers is primarily in the major metropolitan locations as of now, soon tier II & III cities will emerge and offer quality supply for this new-age asset class. As manufacturing and warehousing spread out across the country to deliver and service demand from the non-metro market, data centers in the future are more likely to make their way to such locations.
Our survey of IT-ITeS professionals across the country reveals that improvement in operational efficiency is the topmost priority. The specialized operators in this domain are likely to rule the market as most companies are comfortable paying a premium for the efficiency in services and eased operations.
Our latest publication on the preparedness for the future of data centers reveals many more interesting and lesser-known details on this sunshine sector.
July’s news flow remained challenging, with investors expecting the developed world’s central banks to stay on a protracted hiking cycle and tighten money supply to combat inflation. On the back of the protracted conflict in Ukraine and slowing growth in the US and Europe, outlook for the global economy has also darkened. Meanwhile, data emerged that widespread lockdowns in China to stem Covid infections has strained economic activity in the second quarter. The country’s economy grew just 0.4% in that period – its slowest pace since the coronavirus outbreak two years ago. Still, capital markets in the region rebounded as investors shrugged off the negativity. Equities in the region rose as strong corporate earnings in the US and the expected resumption of Russian gas supply to Europe lifted sentiment.
Kemmu Kawai joined Longevity Partners Japan in September 2022 as the Country Director. Based in Tokyo, he oversees all operations and activities in Japan, the Asia-Pacific region and beyond. He brings him more than 16 years of experience in finance where he specialised in real estate and credit investments. Before joining Longevity Partners, he served as a Portfolio Manager at Norinchukin Bank and as Investment Manager at Center Point Development.