European Research

Global Capital Markets Bulletin

10 March 2008

“Stock selection is becoming the key to outperformance as the credit squeeze impacts global real estate markets” 2007 was a roller coaster year. In 2008, we expect vacancies to rise and values to fall as the economy slows, with the most pronounced effects in the secondary and tertiary markets.

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Property Watch

15 February 2008

While December/January can be a quiet time in the office market due to the interruption of the festive season, this year there is quite a bit to report. Firstly, take up of modern office space in Dublin during 2007 hit a new record level of 297,240 sq.m. Indeed this is such a high level that it is likely to remain the record year for some time to come. Almost 75% of the take-up was new space and indeed a large proportion of the take up was pre-lettings.

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Property Watch

10 December 2007

Market turnover is likely to be significantly down on last year’s record levels. Our research indicates that turnover for 2007 is more likely to reach approximately €1.85 billion, down from a peak of € 3.25 billion in 2006. However, this is broadly in line with the volume of turnover in 2005 so overall turnover levels remain relatively strong. The volume of individual transactions is down significantly and the top five deals contributed approximately 45% of anticipated turnover.

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Property Outlook Winter 2007

22 November 2007

I would like to take this opportunity to introduce myself as the new Managing Director of Savills Hamilton Osborne King and also to introduce our winter issue of Property Outlook, Savills Hamilton Osborne King’s regular property commentary.

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Industrial Market Watch

03 October 2007

“Take-up of industrial space exceeds 70,000 sq.m for first six months of 2007”.“Take-up levels in Northwest Dublin up 56% on same period in 2006”.“Prime industrial yields remain strong at 5% as lack of supply underpins investment market”.

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Property Outlook Summer 2007

28 June 2007

We are arriving at the first anniversary of our joining with Savills plc and our clients are now seeing the benefits of this strength internationally. In recent months we have bought several sites in the UK and investment properties across the UK and Europe, such as Park Place, Canary Wharf, London for Grattan Property Company Limited for £55m. The phenomenon of the Irish investor and developer overseas goes from strength to strength and we are sourcing excellent opportunities for Irish clients.

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Athens Office Market Report

16 May 2007

“Positive business sentiment is driving demand for prime office accommodation. We expect that the market fundamentals will remain positive and the market activity will create new areas of growth in the city.”      

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European Office Markets

03 April 2007

“Improving market fundamentals are supporting positive rental growth expectations in the prime office markets across Europe. There are still prospects for good investment returns but active asset management and careful stock selection is required.”  

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Amsterdam Office Market Q1 2007

21 March 2007

“The Amsterdam office market has reached a turning point. Leasing activity and prime rents are increasing and positive economic outlook should sustain this trend. We expect further positive rentalgrowth in 2007”.

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European Commercial Markets Q1 2007

06 March 2007

“Yield compression and yield convergence continues across Europe. Healthy market fundamentals support this trend. Prime office rents should continue to grow, but at slower pace compared to last year. ”  

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