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
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
