Europe Commercial Property Update Czeching in on Prague prime pricing Prague prime high street yields ticked up in Q1 on the back of stretched pricing. Yet, given that bond yields have fallen and the next move for interest rates is expected to be downwards, we think... 25th June 2019 · 3 mins read
Europe Commercial Property Update Shopping centre yield spread over high streets to rise Concerns about rental growth prospects appear to be behind rising prime shopping centre yields. While we anticipate high street yields to rise also, a smaller correction will see the yield spread... 5th June 2019 · 1 min read
Europe Commercial Property Update Rise in Moscow office yields to be short-lived With Russian government bond yields expected to continue falling this year, we think that the rise in Moscow office yields in Q1 will prove temporary and that they will end the year at 9%, down from 9... 30th May 2019 · 1 min read
Europe Commercial Property Update After a stable 2018, Berlin office yields can fall again Prime office yields in Berlin have been stable over the past 18 months, in spite of strong rental growth expectations. With tighter monetary policy now some way off, and yields on assets with a... 17th May 2019 · 1 min read
Europe Commercial Property Update Have Warsaw office rents really turned a corner? Warsaw office demand is likely to slow over the next two years, while completions of new space will increase. But, we still expect to see an overall rise in prime CBD rents in the next few years. 14th May 2019 · 1 min read
Europe Commercial Property Update Returns from Dublin offices to slip further In spite of healthy occupier demand of late, poor rental growth prospects mean that total returns from Dublin offices will continue to be amongst the lowest in the euro-zone. 10th May 2019 · 1 min read
Europe Commercial Property Update Office rental growth lead to diminish in 2020-21 Western European office rents grew by 5.3% p.a. in 2016-18. We expect them to grow by little more than that over the next three years combined, as occupier demand slows and development completions... 2nd May 2019 · 1 min read
Europe Commercial Property Update Core French assets still offer good value A period of low, but stable growth and historically low interest rates will be supportive of demand for French assets over the next few years. While the retail sector is seeing evidence of some re... 26th April 2019 · 1 min read
Europe Commercial Property Update Rental growth to boost Barcelona logistics returns Limited availability and a small pipeline will support further logistics rental growth in Barcelona. As a result, total returns will outperform those of Madrid and be amongst the highest in the euro... 25th April 2019 · 1 min read
Europe Commercial Property Update Rotterdam offices top the league With prime rents in Rotterdam expected to grow by 7.5% in the next three years, we expect strong investor demand for the city to drive some of the largest office sector yield falls in Europe. This... 18th April 2019 · 1 min read
Europe Commercial Property Update Swiss office rents to rise, but challenges aplenty Demand for CBD space is starting to reignite prime rental growth in Geneva and Zurich. But a weakening economy and competition from new, well-connected developments will limit further gains in rents. 17th April 2019 · 1 min read
Europe Commercial Property Update Copenhagen logistics still look a good bet The continued growth of Copenhagen’s logistics market, set against its low vacancy rate and limited new supply, means that it is one of our strongest markets for both rental growth and yield falls in... 12th April 2019 · 1 min read
Europe Commercial Property Update Alternative locations to limit German industrial rents A weak economic environment, and occupiers prepared to look outside traditional industrial locations which offer better value for money, will hold back the growth in prime industrial rents. But tight... 11th April 2019 · 1 min read
Europe Commercial Property Update Returns from Italian assets to underwhelm Driven by falls in capital values, total returns from office and retail assets in Italy are forecast to be at the bottom of the euro-zone pack. Industrial returns will be better, but still just below... 4th April 2019 · 1 min read
Europe Commercial Property Update Stockholm offices deserve renewed attention Our latest forecasts paint a bright picture for Stockholm office returns over the next few years, supported by “lower for longer” bond yields and another upgrade to rental value growth. 2nd April 2019 · 1 min read
Europe Commercial Property Update Could QE bring even lower property yields? The odds have tipped towards the ECB re-starting its QE programme next year. This would increase the likelihood of further reductions in euro-zone prime property yields, but, as yet, this expected... 19th March 2019 · 1 min read
