Europe Commercial Property Update German industrial yields to fall despite looking relatively expensive Economic uncertainty and lower business and consumer confidence resulting from Brexit are likely to weigh on German GDP growth over the coming 18 months, leading to slower industrial rental growth... 6th July 2016 · 1 min read
Europe Commercial Property Update Brexit impact will be ultimately positive for euro-zone prime property The commercial construction PMI fell to its lowest level since mid-2009 in June. This highlights the extent to which the uncertainty around the EU referendum was weighing on developers’ activity. The... 4th July 2016 · 1 min read
Europe Commercial Property Update What scope do European cities have to profit from any Brexit job shifts? The UK’s vote to leave the EU has increased the risk of financial sector jobs moving from London to cities such as Dublin, Frankfurt or Paris. Given existing vacancy levels and near-term pipelines... 1st July 2016 · 1 min read
Europe Commercial Property Update Ratings upgrade in Hungary will outweigh potential Brexit fallout We do not see the UK’s vote to leave the EU as having a major effect on the CEE economies and property markets. Indeed, with Hungary likely to be buoyed by a second ratings upgrade later this year, we... 29th June 2016 · 1 min read
Europe Commercial Property Update Immediate impact of Brexit limited for European property The UK’s decision to leave the EU is unlikely to cause a significant decline in aggregate investment activity in continental Europe. However, it could boost investor demand for commercial property in... 24th June 2016 · 1 min read
Europe Commercial Property Update Rise in Athens retail rents doesn’t signal a wider market revival Prime retail rents in Athens moved sharply higher in the first quarter. However, a weak economic environment will limit further upside, while also keeping industrial and office rents in check. 23rd June 2016 · 1 min read
Europe Commercial Property Update Amsterdam office rents set to shrug off high vacancy rate Decent economic growth in the Netherlands in the next few years will support office occupier demand. Coupled with low availability for modern space this means that, rather than acting as a brake on... 22nd June 2016 · 1 min read
Europe Commercial Property Update Rising consumer spending to lift Bucharest retail rents Prime retail rents in Bucharest have, so far, failed to benefit from the surge in retail sales. But with a robust economic outlook and international retailers increasingly attracted to city, we expect... 20th June 2016 · 1 min read
Europe Commercial Property Update Copenhagen industrial yields set for substantial falls by 2018 Copenhagen industrial yields have lagged behind the falls seen in the other sectors, as well as those seen for industrial assets in other cities. However, with the occupier market outlook now much... 17th June 2016 · 1 min read
Europe Commercial Property Update Slower employment gains to weigh on Spanish office rental growth Spain’s recovery has underpinned rising office rents in Barcelona and Madrid. But with the economy losing steam, we expect weaker employment growth to moderate the pace of office rental growth. 15th June 2016 · 1 min read
Europe Commercial Property Update Retail rental growth to cool in Italy Retail rents in Milan and Rome rose sharply last year. But a slowdown in the Italian economy and consumer spending growth over the coming years will mean that rental growth now eases back. 10th June 2016 · 1 min read
Europe Commercial Property Update Further scope for German office values to rise Office values in Germany’s four main cities have risen sharply in recent years. But a strong occupier market suggests that valuations aren’t excessively stretched. Furthermore, with a positive outlook... 26th May 2016 · 1 min read
Europe Commercial Property Update Have Dublin office yields fallen too far? The decline in prime Dublin office yields towards pre-crisis levels raises the question of whether they have again fallen too far? But with a positive rental growth outlook and risk-free rates at... 24th May 2016 · 1 min read
Europe Commercial Property Update Limited further upside for Swiss office values Lacklustre economic growth this year and next due to the strength of the Swiss franc is likely to drag Swiss office rents down further. But with negative bond yields and interest rates, this is... 12th May 2016 · 1 min read
Europe Commercial Property Update Denmark and Sweden industrial rents set to outgrow Norway Norwegian manufacturing sector activity has slowed due to the drop in the oil price, whereas in Denmark and Sweden, output continues to grow steadily. Across the 2016-19 period, this will support... 6th May 2016 · 1 min read
Europe Commercial Property Update Investor outlook remains upbeat, despite fall in Q1 activity Investment activity across Europe declined in Q1. However, we don’t think that this is a sign of things to come this year. Indeed, investor sentiment remains upbeat, while strong capital flows are... 3rd May 2016 · 1 min read
