Our commercial property consultants combine the market-making of management consultants with the accountability of professional advisors. We work with occupiers, investors and developers of office, industrial and logistic, retail and hotel property.
We provide: strategic advice and execution for property investment, sales and leasing; tenant representation, corporate services; facilities, property and project management; appraisal and valuation; development services; energy and sustainability services, and research and consulting.
• Economic conditions are positive and investors have ample capital to deploy in real estate
• In EMEA, investors are planning for $475 billion in real estate investments in 2017
• For 2017, 85% of investors intend to spend at least as much as in 2016, and 40% expect to spend more
• Germany is ahead of the UK as the most attractive place to invest, as was the case in 2016, but investors are
showing an increasing tendency to invest in the UK despite uncertainty over Brexit
• The Nordics enters the top three with a significant jump compared to 2016
• London retains the top spot as most popular city to invest in with an increased share, but Berlin shows the
biggest increase, moving into second place
• ‘Pricing’ and ‘Availability of product’ are the biggest obstacles to investing in EMEA real estate
• Office is the most popular sector: interest in logistics has increased
• Risk appetite has increased slightly
• Income related factors such as ‘Yield relative to other asset classes’ are investor’s key motivations for investing
in real estate
Now in its fifth year, the EMEA Fit Out Cost Guide is widely regarded as an industry benchmark. It provides market-leading insights and data to clients, providing invaluable support when it comes to location and fit out decisions. The EMEA edition is part of a global suite of guides, designed to support our clients wherever they do business.
This year's edition covers 64 locations. Key features including different specifications, technology and furniture costs, and moves and relocations, are continued, while details around workplace have been updated in line with current trends.
The traditional and agile layouts featured in this year’s Guide have also been updated, to reflect client demands, including innovative space and furniture solutions.
• Total nominal value of the European Commercial Real Estate (CRE) investment debt decreased slightly over the course of 2016 from €1.14 trillion to €1.06 trillion, which is largely attributed to reduced levels of investment transactions in 2016
• We estimate that new debt issued increased from €68 billion in 2013 to €125 billion in 2015, while maintaining at €116 billion in 2016
• Additionally, the amount of debt retired in 2016 is also in line with the new origination levels over the past year
• 2016 was the first year, since post-GFC loan sale activity commenced in Europe, that real estate secured loan sale activity fell
• In 2017, we expect loan sale activity to pick up from 2016, albeit the activity will be relatively concentrated across several key jurisdictions, for instance Italy and Spain
The 2017 CBRE European Occupier survey covered 131 companies. Nearly 90% of the companies surveyed are headquartered in either Europe or North America, and two-thirds have a remit that is either global or EMEA-wide. The survey covers a range of sectors, with four dominant components: technology and telecoms, banking and finance, professional services and manufacturing.
Global Gateway Cities reports on office and retail investment trends in 24 global gateway cities, giving investors a comprehensive overview of pricing and market conditions. Using a mix of proprietary and key external data, CBRE Research provides an analysis of investment activity as well as economic, occupier, supply, rent and yield trends in the third edition of this report series.
The political landscape at the end of the first half of 2017 is arguably much more positive than many would have dared hope for at the beginning of the year.
Resurgent support for centre-ground parties in the Netherlands, France and most recently Germany has quelled various far right threats. Only in the UK has the incumbent establishment been weakened, by self-inflicted wounds, but when compared to a year ago, perhaps even this represents a return to stability.
Against this improving political backdrop, total real estate investment in Europe reached €130bn in H1 2017, representing a 13% increase on the same period last year. The strong quarterly performance was, in large part, driven by an upturn in UK trading activity with volumes reaching €23.4bn in Q2 2017, up from €16bn in Q1 2017, and a 54% increase on the same period last year.
The Baltic economies are currently riding the wave of the economic recovery in the Euro area. Survey evidence indicates that the pace of economic growth picked up in the first half of the year and full-year GDP growth is expected to be around 3.5%, up from just over 2% in 2016. Unemployment in the Baltics also continues to fall and the rate is well below the Euro area average.
Investment activity in the CEE region is growing, representing a 37% increase year on year. Several large deals will be completed during H2 2017.
CBRE preliminary figures show CRE investment of more than €410 million in the Baltic region countries for H1 2017, representing a ca. 7% increase year on year.
In H1 2017 the most attractive asset type in the Baltics proved to be the office sector, leaving the retail sector in second place with 39% of all investment volume.
The leading position in H1 2017 was held by Lithuania (43.5%), whilst 30.6% of all investment was generated in Estonia, leaving Latvia in third position with 25.9%. The largest investment of €127 m was completed by CPA:17 – Global, acquiring a 70 % stake in the real estate investment vehicle UAB Baltic Retail Properties.
Ca. 80% of all investments were made in the Baltics’ capital cities. The remaining investments were completed in regional cities (Klaipeda, Narva, Daugavpils, Kaunas, Palanga and others), mainly as portfolio transactions in the retail and DIY sectors.
In H1 2017 the industrial sector, with a share of 14.8%, showed the strongest increase by 5.3%, when compared with H1 2016.