Europe Commercial Property Update Is the current low level of Brussels retail yields sustainable? Today’s historically low Belgian retail yields cannot be explained by strong rental growth prospects. Rather, in a market with a high proportion of international retailers, investors’ preference for... 10th September 2014 · 1 min read
Europe Commercial Property Update Where next for industrial rents in Hungary? Provided that Hungary’s apparent slowdown in the pace of economic growth is short-lived, industrial rental values are more likely to continue to mark time over the next few quarters than to fall. But... 4th September 2014 · 1 min read
Non-Euro Europe Commercial Property Outlook Hunt for yield will drive investors east Over the first half of the year, capital values in the Emerging European commercial property markets were little changed, while values in non-euro-zone Western markets edged a little higher. Over the... 3rd September 2014 · 1 min read
Europe Commercial Property Outlook Fragile growth outlook to limit the rental recovery The euro-zone’s economic problems show few signs of easing and a rapid recovery in economic growth and job creation over the next few quarters seems unlikely. The good news is that the dip in bond... 3rd September 2014 · 1 min read
UK Commercial Property Data Response Construction PMI (Aug.) and Mergers & Acquisitions (Q2) Today’s construction PMI highlighted strong developer confidence about the prospects for commercial property occupier demand. Granted, the latest mergers and acquisitions (M&A) figures struck a more... 2nd September 2014 · 1 min read
UK Commercial Property Update How good are the prospects for hotel returns? The underlying operational performance of hotels is improving across the UK and this should keep investors interested in the sector. But yields are not obviously too high or too low, and domestic... 29th August 2014 · 1 min read
Europe Commercial Property Update Has the best passed for Portuguese property returns? The recent sharp drop in Portuguese property yields has not been excessive. But with yields no longer at a level that is obviously too high and the economic outlook still fragile, yield impact... 28th August 2014 · 1 min read
UK Commercial Property Update Industrial rental growth is still a long way from its peak Industrial rental value growth is already running at a faster pace than at the peak of the 2004-08 upswing. But given a favourable demand and supply balance, as well as the comparatively low level of... 26th August 2014 · 1 min read
Europe Commercial Property Update Weak economic data suggest euro-zone rental upturn not imminent Recent, disappointing euro-zone economic data reaffirm our view that a meaningful, demand-driven commercial property rental upturn is not yet on the horizon. Given a looming floor for yields, this... 21st August 2014 · 1 min read
UK Commercial Property Chart Pack A hot summer for investment transactions Investment market activity was strong again last month, with the total value of deals (£12.3bn) over June and July the highest in a two-month period for more than a decade. Notable deals in July... 21st August 2014 · 1 min read
UK Commercial Property Update Shopping centres: is investor demand at odds with rental patterns? Rental values for modern, large and regionally-dominant shopping centres have begun to recover, providing justification for the recent strength of investor demand for these properties. But even for... 20th August 2014 · 1 min read
Europe Commercial Property Update Will office rental value growth in Barcelona outpace Madrid? To date, the stronger recovery in office-based employment in Barcelona has yet to be reflected in a rise in rental values. But over the next couple of years, we suspect that rents in Barcelona will... 19th August 2014 · 1 min read
Europe Commercial Property Update When will CEE office occupier demand take off? The recent fall in office take-up across the main CEE markets is a concern given the region’s large office development pipelines. But at the same time, the recent strength of office-based employment... 14th August 2014 · 1 min read
UK Commercial Property Update The outlook for non-prime regional office returns is strong Non-prime property yields fell by more than prime in every sector in Q2, but the biggest movers were regional office markets. Even after the recent sharp falls, however, yields for lower quality Rest... 13th August 2014 · 1 min read
Europe Commercial Property Update Are rapid gains in Oslo retail rents underpinned by fundamentals? Solid Norwegian retail sales growth over the past few years seems to explain the rise in Oslo retail rental values. Granted, other factors such as changing retail trends are also at play. Nevertheless... 12th August 2014 · 1 min read
UK Commercial Property Outlook The sweet spot is not over yet Reflecting the solid economic outlook, commercial property rental values should continue to grow steadily over the forecast period. Yields are also now likely to fall by more this year than we... 11th August 2014 · 1 min read
