Europe Commercial Property Update Developers Hungary for returns will dampen Budapest rental growth Higher Budapest office capital values mean that new development is increasingly viable, with developers now in-line to make healthy profits. But, higher levels of supply will cause rents to flatline... 8th March 2017 · 1 min read
Europe Commercial Property Update Are Stockholm CBD offices still a good pick? Robust economic growth and a limited supply pipeline will see Stockholm prime office rents record further gains on top of 2016’s surge. And although a hawkish turn from the Riksbank later in the year... 3rd March 2017 · 1 min read
Europe Commercial Property Update Rise in Dublin industrial rents not finished yet Strong demand resulting from Ireland’s economic recovery combined with limited supply has pushed prime industrial rents in Dublin up by 45% since 2013. Even so, with these tailwinds set to continue... 15th February 2017 · 1 min read
Europe Commercial Property Update Paris offices rental growth to disappoint in 2017 An increase in the Paris development pipeline for 2017 means that our previous forecast for office rents this year is now unlikely to be met. Instead, we now expect prime rents to grow by just 1.5%... 1st February 2017 · 1 min read
Europe Commercial Property Update Growth in prime Spanish office rents to slow further A slowdown in Spanish economic activity and rising office developments are set to weigh on prime office rental growth in Barcelona and Madrid over the coming years. Nonetheless, growth in both cities... 30th January 2017 · 1 min read
Europe Commercial Property Update Appetite for mainland European property remains strong Commercial property investment across Europe fell last year for the first time since 2009, driven by a large decline in the UK. Yet increased investment in Europe ex-UK and upbeat investor sentiment... 26th January 2017 · 1 min read
Europe Commercial Property Update Capital raising down in 2016, but far from out On the surface, lower levels of fund-raising in 2016 hint at concerns about pricing at this stage of the cycle. However, in light of tough competition for prime assets and a heightened perception of... 24th January 2017 · 1 min read
Europe Commercial Property Update Are the risks to Southern European property on the rise? Political and economic uncertainty this year could drive increased volatility in sovereign bond yields in Southern Europe. But in the absence of a sharp and sustained shift higher, we think prime... 18th January 2017 · 1 min read
Europe Commercial Property Update Little cause for optimism on prospects for Italian retail rents A weak economy means that prime rents in the Milan and Rome retail markets are more likely to stagnate this year than to repeat 2015’s sharp increase. We have pencilled in modest increases in rental... 16th January 2017 · 1 min read
Europe Commercial Property Update Investment in Germany slips, but pricing continues to firm Following a record 2015, investment activity in Germany slipped a little in 2016. However, prime office yields fell further in Q4, suggesting that investors still see value in the German market. 13th January 2017 · 1 min read
Europe Commercial Property Update Retail rental growth in Ireland to continue to outperform Prime retail rents in Dublin have topped the euro-zone league table for growth since 2014. With good consumer spending prospects and tight supply, we think that rents in the Irish capital will... 11th January 2017 · 1 min read
Europe Commercial Property Update Secondary property to outperform in Sweden Five of the six largest Nordic investment transactions in 2016 involved portfolios in Sweden. We think that reflects growing confidence in the outlook for non-prime properties in the region’s largest... 6th January 2017 · 1 min read
Europe Commercial Property Update Six key calls for European commercial property in 2017 As a new year begins and investors focus on key themes and forecasts for the year ahead, we have taken the opportunity to outline some of our key calls for 2017 and the thinking behind them. 4th January 2017 · 1 min read
Europe Commercial Property Update Netherlands logistics rents to rise, but only gradually Low vacancy rates and high capital values are driving high levels of logistics development in the Netherlands. Although we see potential for rents to tick up in the next few years, we do not expect... 22nd December 2016 · 1 min read
Europe Commercial Property Should investors be worried by the ECB’s apparent taper? The ECB’s recent announcement of a slower rate of asset purchases is not a sign that the normalisation in euro-zone monetary policy has moved closer. We therefore expect Bund yields to be still close... 16th December 2016 · 1 min read
Europe Commercial Property Update Prime retail a bright spot among Swiss occupier markets A slowing Swiss economy doesn’t bode well for the near-term outlook for office and industrial rents in Geneva and Zurich. But with prime retail rents seemingly disconnected from the domestic economy... 14th December 2016 · 1 min read
