A new view
Lend Lease is said to have started work on an 18-month contract to refurbish Stage 6 of the BBC Television Centre. According to the Construction Enquirer in Britain, work at the White City site in West London involves retention of the Grade II-listed parts of the building while a number of perimeter buildings will be demolished and redeveloped into a mixed-use scheme including office and studio space for the BBC.
In the first four months of 2013, the TR/GPR/APREA Composite REIT Index added 18.1 per cent, taking the 12-month-period performance to a return of 37.8 per cent. The overall 18.1 per cent gain was particularly due to the performance of real estate investment trusts (REITs) in Japan, up 29.8 per cent, Singapore, up 14.7 per cent, Australia, up 14.2 per cent, and Hong Kong, by 14 per cent.
The TR/GPR/APREA Composite is the most comprehensive index, containing 372 real estate stocks — of which 114 are REITs — and offers a broad geographical diversification with an extensive set of sub-indices.