Europe Commercial Property Update France investment activity trending lower French investment activity appears to have peaked and prime yield falls have slowed markedly. Whilst it’s likely to be true that this reflects a lack of large, prime stock, we expect 2016 to have... 26th October 2017 · 1 min read
Europe Commercial Property Update Valuation concerns haven’t deterred investors yet Q3 investment in mainland European commercial property was the highest on record for a third quarter, despite pricing concerns. At the same time, a lack of prime assets in key markets appears to be... 24th October 2017 · 1 min read
Europe Commercial Property Update How does the impact of e-commerce vary in Europe? E-commerce is taking an increasing share of total retail sales across Europe, but its reach and impact in the short-to-medium-term will vary by country and across different retailer types. 20th October 2017 · 1 min read
Europe Commercial Property Update Could a soft housing market slow Oslo retail rents? The improving economic environment in Norway, coupled with strong urban population growth, as well as low inflation and interest rates, will support real retail rental growth in Oslo high streets in... 16th October 2017 · 1 min read
Europe Commercial Property Update Stamp duty hike likely to call time on Dublin property With investors now forced to fund an additional 4% in transaction costs, Ireland’s decision to increase stamp duty on commercial property will add to the slowdown in the market. Furthermore, with... 13th October 2017 · 1 min read
Europe Commercial Property Update Are Zurich office rents on the cusp of a revival? Economic and survey data suggest that prime office rents in Zurich may have finally found a floor. But with new developments and refurbishments equivalent to around 5% of current stock due to complete... 12th October 2017 · 1 min read
Europe Commercial Property Update Strong returns in prospect for Moscow offices The Moscow office market is showing signs of greater balance. With the potential for rental growth, and further falls in prime yields, several years of double-digit total returns could be on the cards... 6th October 2017 · 1 min read
Europe Commercial Property Update No value left in Budapest prime high streets Prime retail property in Budapest was undervalued as little as a year ago. However, with yields having fallen substantially in the last 12 months, there is no value left and we see little upside to... 5th October 2017 · 1 min read
Europe Commercial Property Update Improving outlook for secondary assets in Netherlands The surprisingly strong economic recovery in the Netherlands is giving investors the confidence to move up the risk curve, following a long period in which prime property was the only ticket in town. 29th September 2017 · 1 min read
Europe Commercial Property Update Should we be more optimistic on German retail? Already upbeat German consumers are likely to benefit from tax cuts ahead. But with prime rental growth seemingly held back by structural factors, total returns are likely to be poor over the 2018-21... 27th September 2017 · 1 min read
Europe Commercial Property Update Can Dublin industrial returns continue to outperform? Rental growth has been the driver of total returns in Dublin commercial property. But with the largest rental increases behind us, yield shifts will now play a greater role. Given the likelihood of... 22nd September 2017 · 1 min read
Europe Commercial Property Update How could tighter ECB policy affect property yields? Tighter monetary policy in the UK, US and euro-zone in the next couple of years will undoubtedly cause risk-free rates to rise. However, given that property’s yield spread against risk-free rates is... 21st September 2017 · 1 min read
Europe Commercial Property Update Where next for Italian industrial rents? A surge in occupier demand has boosted industrial rents in Milan and Rome. But while there is scope for rents to move higher, we don’t think that the current pace of growth will be sustained. 14th September 2017 · 1 min read
Europe Commercial Property Update Increasing focus on high streets boosts prime rents in Lisbon Retailers in Lisbon are currently benefiting from a number of tailwinds. With occupiers focusing more on high street locations and limited prime vacancy, we have revised up our rental growth forecasts... 1st September 2017 · 1 min read
Europe Commercial Property Update Softer demand isn’t a disaster for German office rents A slowdown in German employment growth is set to take to the edge off office occupier demand growth. But with supply staying tight, prime office rental growth will ease, rather than grind to a halt. 25th August 2017 · 1 min read
Europe Commercial Property Update New industrial supply will keep prime rents in Czech Industrial rents in the Czech Republic have climbed this year on the back of declining vacancy and may see another step up in 2018. However, low yields – and high capital values – will support... 22nd August 2017 · 1 min read
