Europe Commercial Property Update Withdrawals to support a tighter Madrid office market Demand for office space in Madrid’s CBD has seen prime rents rise by 5% so far this year. And while completions are on the rise, this is being offset by withdrawals. With the market likely to tighten... 17th August 2017 · 1 min read
Europe Commercial Property Update Vienna retail rents could fall further in real terms Competition from prime shopping centres and questions about affordability mean that prime high street rents in Vienna will struggle to keep pace with inflation over the coming years, leading to... 9th August 2017 · 1 min read
Europe Commercial Property Update Steady first half cloaks the positive truth for Paris offices Office space in Paris’ CBD is in short supply and tenants are having to compete for larger floorplates. This will push prime rental values up at above-inflation rates of 3% and 4% respectively in 2018... 4th August 2017 · 1 min read
Europe Commercial Property Update Investors focus on prime property in Italy With better rental growth prospects for prime property in Italy, compared to secondary, we think that a continued focus by investors on prime assets will see yields edge down over the next 18 months. 2nd August 2017 · 1 min read
Europe Commercial Property Update Logicor sale distorts strength of Q2 European investment The 15% annual rise in European (ex. UK) Q2 investment was wholly dependent on the logistics sector. Indeed, activity in the office and retail sectors fell. But with investors in a buoyant mood, 2017... 27th July 2017 · 1 min read
Europe Commercial Property Update Brussels prime office rental prospects looking brighter Very low Grade A vacancy and steady net absorption are likely to see Brussels rental growth forecasts for this year blown out of the water. We think rents could climb by 12% and a further 3% in 2018. 25th July 2017 · 1 min read
Europe Commercial Property Update Secondary Copenhagen offices offer improving return prospects Improving occupier demand and falling vacancy rates in Copenhagen bode well for office rents. This means that investors can feel more confident in taking advantage of higher yields on secondary stock... 21st July 2017 · 1 min read
Europe Commercial Property Update What is behind rising German industrial take-up? Perhaps against the prevailing perception, rather than retail, it has been the manufacturing sector that has been a key driver of rising industrial demand in Germany over recent years. With a... 18th July 2017 · 1 min read
Europe Commercial Property Update Are opportunistic investors calling time on the cycle? European investment activity is likely to have risen again in Q2. But, while retail funds are competing aggressively for core assets, opportunistic investors appear to be rotating out of low-yielding... 14th July 2017 · 1 min read
Europe Commercial Property Update Athens property still not without headwinds Athens recorded some of the highest property total returns in the euro-zone last year. And with the potential for prime rents to edge up and yields to fall, it could be one of the best performing... 12th July 2017 · 1 min read
Europe Commercial Property Update Investors moving up the risk curve in Sweden Strong economic growth in Sweden means that, with only a limited quantity of prime product for sale, investors are being pushed up the risk curve in order to get their capital into the market. 7th July 2017 · 1 min read
Europe Commercial Property Update Investors cautious about secondary retail assets in Spain The yield spread between prime and secondary Spanish retail property has widened recently. With a slowdown in consumer spending on the cards, a cautious approach to secondary assets makes sense. 5th July 2017 · 1 min read
Europe Commercial Property Update Property yields still over a year away from a floor Early indications suggest that prime yields fell again in Q2, which is likely to make property valuations look even more stretched. While this may increase the perception that yields cannot fall... 3rd July 2017 · 1 min read
Europe Commercial Property Update Solid French economic outlook bodes well for occupier demand With President Macron’s parliamentary majority putting him firmly in control in Paris, the prospects for the French economy are pretty good. The economic recovery will continue to boost firms’... 28th June 2017 · 1 min read
Europe Commercial Property Update Are investors questioning rental growth prospects in Dublin? With a large pipeline, concerns about future rental growth are probably behind the flat-lining of prime Dublin office yields. But while rental growth will ease, we don’t think rents are about to fall. 27th June 2017 · 1 min read
Europe Commercial Property Update Falling Amsterdam office stock to drive rental value surge Amsterdam office vacancy has dropped from 17% to 8%, but we expect it to fall to 4% by 2019 as limited completions are outstripped by stock removals. This will drive a 15% lift in prime rents and will... 23rd June 2017 · 1 min read
