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
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
