UK Commercial Property Data Response Commercial property investment (Dec.) December’s investment figures posted a healthy 21% monthly increase, which brought the annual total to £49bn. A closer reading of the data also revealed that while there are few signs of a reversal in... 13th January 2017 · 1 min read
Europe Commercial Property Update Investment in Germany slips, but pricing continues to firm Following a record 2015, investment activity in Germany slipped a little in 2016. However, prime office yields fell further in Q4, suggesting that investors still see value in the German market. 13th January 2017 · 1 min read
Europe Commercial Property Update Retail rental growth in Ireland to continue to outperform Prime retail rents in Dublin have topped the euro-zone league table for growth since 2014. With good consumer spending prospects and tight supply, we think that rents in the Irish capital will... 11th January 2017 · 1 min read
Europe Commercial Property Update Secondary property to outperform in Sweden Five of the six largest Nordic investment transactions in 2016 involved portfolios in Sweden. We think that reflects growing confidence in the outlook for non-prime properties in the region’s largest... 6th January 2017 · 1 min read
UK Commercial Property Chart Pack Capital values edge up again As we approach the end of the year, there are few signs of stress in the commercial property market. While the retail sector continues to underperform, the bigger picture is that yields appear to have... 20th December 2016 · 1 min read
UK Commercial Property Data Response Commercial property investment (Nov.) Commercial property investment activity picked up in November. And, contrary to the reports from the FPC, demand from overseas investors has shown little signs of abating. 14th December 2016 · 1 min read
Europe Commercial Property Update Signs point towards higher German industrial rents Tight supply and a positive demand outlook point towards a rise in prime German industrial rents. Indeed, we think rental growth prospects are relatively strong compared to the last ten years. 9th December 2016 · 1 min read
UK Commercial Property Update Construction starts to slow Commercial construction activity faces several headwinds, such as subdued occupier market conditions as well as rising costs. However, if developers believe (as we do) that the economy will recover... 9th December 2016 · 1 min read
Europe Commercial Property Update Bucharest industrial rents have further to rise Contrary to popular belief, we think that it has been the strength of the domestic economy, rather than firms relocating to Romania on cost grounds, which has caused prime Bucharest industrial rents... 7th December 2016 · 1 min read
Non-Euro Europe Commercial Property Outlook CEE yields to fall faster and for longer As in the euro-zone, monetary policy is set to stay loose in the rest of Europe keeping real estate attractive. That said, the current phase of falling yields is set to end in 2019 in Western European... 2nd December 2016 · 1 min read
UK Commercial Property Update Could retail warehouse rents provide a positive surprise? The fact that real rental values are 22% below their previous peak and housing transactions are set to strengthen, suggest that retail warehouse rental values have substantial scope to rise. However... 25th November 2016 · 1 min read
UK Commercial Property Outlook Has the storm passed? Looser monetary policy, a healthy run of economic data, as well as some signs that the impact of the referendum on capital values is fading, mean that we have made some minor upgrades to our forecasts... 22nd November 2016 · 1 min read
UK Commercial Property Update Will the bond sell-off push property yields higher? The recent surge in gilt yields has reversed much of the widening in the property-to-gilt spread seen after the referendum. Yet, at 390bp, the gap between the all-property yield and gilts is still... 18th November 2016 · 1 min read
Europe Commercial Property Update Slower Spanish retail rental growth likely to prove temporary Retail rental growth in Barcelona and Madrid has slowed recently, despite the continued strength of retail sales. With weaker domestic demand on the horizon, rental growth is likely to ease further... 18th November 2016 · 1 min read
UK Commercial Property Update Headline supply overstates the risk to London office rents The size of London’s active pipeline has risen slightly since May. More supply poses a risk to rental values. However, the likelihood of a rental correction depends on both the net increase in supply... 15th November 2016 · 1 min read
Europe Commercial Property Chart Pack Fall in yields regains momentum in Q3 The pace at which all-property euro-zone yields are falling picked up in Q3. The 11bp decline was larger than the 6bp fall in Q2 and broad-based across both sectors and markets. As a result, capital... 11th November 2016 · 1 min read
