UK Commercial Property Update Is this the high-water mark for the upturn? Investment market activity has recently hit record levels and the strong, yield-driven capital gains have continued. However, our sense is that yields now need to pause, giving time for the underlying... 24th September 2014 · 1 min read
UK Commercial Property Chart Pack Property market pauses for breath in August Investment market activity cooled in August, although this was always on the cards after the record level of transactions in June and July. Over the past few months, the most active investors have... 22nd September 2014 · 1 min read
UK Commercial Property Data Response Institutional Investment in Property (Q2) Today’s ONS data confirm that institutions’ demand for commercial property remained strong in Q2, with timelier Property Archive figures showing that this momentum has been sustained into Q3. This... 19th September 2014 · 1 min read
UK Commercial Property Data Response Workforce jobs (Q2) London office-based employment recorded another strong gain in the second quarter. Strong occupier demand may well prompt developers to raise the medium-term City and West End pipeline. But even that... 17th September 2014 · 1 min read
Europe Commercial Property Update Do German office markets face an impending oversupply risk? The short-term blip in German growth will not significantly impact office markets and, although development pipelines are growing, we expect to see continued office rental value growth in the next few... 16th September 2014 · 1 min read
Europe Commercial Property Update What impact will a weak Finnish economy have on Helsinki office rents? Despite weak economic and employment growth, prime office rents in Helsinki should rise a little further in the next couple of years. Further ahead, however, centrally-located office markets may then... 15th September 2014 · 1 min read
Europe Commercial Property Update Have Stockholm industrial rental values reached a cyclical high? Facing some of the highest industrial build costs in Europe, developers are unlikely to find it profitable to speculatively construct industrial space in Sweden in the next few years. Therefore, with... 11th September 2014 · 1 min read
UK Commercial Property Update Would a raised development pipeline knock London office rents? In mid-2010, the Central London office development pipeline underestimated eventual completions by about 25%. A repeat of that over the next few years is certainly plausible. But even if City and West... 11th September 2014 · 1 min read
UK Commercial Property Update Outlook for leisure property returns is positive The current spread between leisure yields and the all-property average is higher than normal. Combined with decent rental growth prospects, this apparent scope for leisure yields to fall suggests that... 10th September 2014 · 1 min read
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
