European Research

Spain Retail Market - Spring 2010

27 April 2010

Investors are still taking a cautious approach to Spain, even when they have clear investment objectives. The problem is that every investor is looking for the same product, which is very difficult to find. Therefore, there will only be a few high quality shopping centre deals closed in 2010 and yields will compress as pressure from demand and reduced supply take effect.

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Spain Retail Warehouse Market - Spring 2010

27 April 2010

Retail Parks stir up strong interest amongst international investors. They seek well anchored parks in the principal Spanish cities at market rental levels with good lease lengths and minimal vacancy. What many investors are not aware of is how scarce this product is and of the lack of projects under construction.

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Utrecht Office Market Q1 2010

27 April 2010

“The Utrecht property market is typical of the national trend. The occupier demand in Utrecht fell slightly behind that of last year, while the investment market has shown a significant increase.”

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French Investment - Press Release

26 April 2010

The French commercial investment market doubled turnover during Q110, totalling nearly €1.8 billion compared to €0.9 billion in Q109. This is according to international real estate advisor Savills. French investors and German Funds continue to dominate the market, with the exception of the sale of the 35,000 sq m HSBC headquarters located at 103 avenue Champs Elysées to a Qatar investor for €425 million. Savills research also notes a marked increase in domestic private investor spend was seen in 2009 up 12%, a trend it expects to continue into 2010.

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Istanbul Office Market

21 April 2010

“Previous structural reforms in the banking system after the 2001 crisis had put Turkey in a stronger position than other emerging economies. Based on economical recovery, we expect office demand to get stronger in the course of 2010 and rents will benefit from this situation and continue to rise”  

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Amsterdam Office Market Q1 2010

20 April 2010

“The Amsterdam office market seems to be recovering, albeit gently. Tenant demand increased by 10% and the investment volume is similar to last year’s average.”

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Madrid office market - Q1 2010

20 April 2010

The investment market is currently on tenterhooks. Pressure to invest in both national and international prime office buildings (in the CBD or consolidated periphery) continues to increase, but there is no corresponding yield shift to fulfil potential sellers’ price expectations. The key question is: who will be first to give in and start doing deals? It seems that demand will force investors’ hands.    

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The Hague Office Market Q1 2010

20 April 2010

“The occupier and investor markets in The Hague are telling different stories. Demand is still falling and vacancy rising, while at the same time the level of investments clearly exceeded last year’s quarterly average.”

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European Office Markets

15 April 2010

“Take-up picked up in most locations during the second half of the year, with some locations showing strong figures during the final quarter of 2009. Thanks to restricted development, rents started to stabilise and even increased in few European cities. This trend should spread to most locations during 2010. ”    

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UK Retail Warehouse Bulletin

15 April 2010

“The worst is undoubtedly over for the UK economy and its retailers, but the recovery will be slow” Our turnover rents survey shows that their use is on the rise. But they remain a very selectively used tool. However, used correctly they do offer the opportunity for landlords and retailers to collaborate more closely in the future.  

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