Europe Commercial Property Update Construction delays won’t be enough to sustain rents While COVID-19 related delays to construction might reduce supply in some markets, we think that the drop in occupier demand will far outweigh any potential benefits to rents. 7th April 2020 · 2 mins read
Europe Commercial Property Update Is co-working a further risk to the office sector? While COVID-19 will hit co-working hard, given the relative size of this subsector, we don’t think it will be large enough to impact rents in the overall office sector. 2nd April 2020 · 3 mins read
Europe Commercial Property Update What do equity price falls imply for European property? The past relationship suggests that the recent 10% to 50% fall in real estate equity prices provide an indication of the direction values will move in the direct market, but not the likely extent of... 1st April 2020 · 3 mins read
Europe Commercial Property Update Property is the victim not the villain this time Property has generally been at the centre of the most severe economic downturns in recent decades. But this time it is different. Although we think the commercial market is likely to experience a... 26th March 2020 · 5 mins read
Europe Commercial Property Update Helsinki offices to outperform Further falls in yields coupled with robust, albeit slowing, rental growth point to Helsinki offices outperforming the rest of the euro-zone and its Nordic peers for total returns. 11th March 2020 · 3 mins read
Europe Commercial Property Update What does COVID-19 mean for commercial real estate? The recent market meltdown reflects concerns about the economic impact of the COVID-19 virus. This will inevitably hit commercial property, but in our view, the downside is likely to be relatively... 6th March 2020 · 5 mins read
Europe Commercial Property Update Good times won’t last for Milan prime offices The recent strength of Milan office take-up has not prevented rental growth slowing and isn’t likely to be sustained in 2020. Indeed, we expect a slowdown in employment growth to weigh on occupier... 2nd March 2020 · 3 mins read
Europe Commercial Property Update Prague offices to still outperform CEE Despite softer occupier activity and an increasing pipeline of supply, we think that demand will be strong enough to prop up office rental growth over the next two years. That said, given that we now... 18th February 2020 · 3 mins read
Europe Commercial Property Update German office rents to hold up despite boost to supply Softer office occupier demand is expected to weigh on German prime office rents this year. But we still think that rents can grow at a decent pace because, even though office supply is expected to... 14th February 2020 · 3 mins read
Europe Commercial Property Update Any boost to Dublin industrial rents will be temporary Indicators suggest that Irish industrial rental growth will remain healthy in Q1. However, as economic growth slows and uncertainty about the UK’s future relationship with the EU continues to impact... 13th February 2020 · 3 mins read
Europe Commercial Property Update Euro-zone property investment to hold up in 2020 The latest data revealed that commercial property investment in the euro-zone held steady at a record high level. And with favourable relative pricing and capital readily available, we think that... 6th February 2020 · 2 mins read
UK Commercial Property Update How might coronavirus impact European high streets? A reduction in Chinese tourism as a result of the coronavirus will lead to lower spending on prime high streets, particularly in Rome, Paris and London. If tourism reduces on a global scale, the... 4th February 2020 · 3 mins read
Europe Commercial Property Update How might coronavirus impact European high streets? A reduction in Chinese tourism as a result of the coronavirus will lead to lower spending on prime high streets, particularly in Rome, Paris and London. If tourism reduces on a global scale, the... 4th February 2020 · 3 mins read
Europe Commercial Property Update Euro-zone property yield falls to continue We still think that the ECB will loosen policy this year, albeit by a little less than we had previously pencilled in. But with interest rates and bond yields still set to remain at historic lows... 31st January 2020 · 3 mins read
Europe Commercial Property Update Solid domestic demand won’t help Budapest retail rents Although economic growth in Budapest is expected to remain robust this year, weakness in tourism is likely to weigh on prime retail rental values. However, improving global growth should support... 28th January 2020 · 3 mins read
