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Troubled European assets come to market

Posted on 07 February 2013 by Laxman  |  Email |Print

When Jason Joseph launched his Atlanta-based investment firm in 2009, the plan was to buy distressed property loans from U.S. banks. But these days, he is more likely to be making the rounds in London, Munich or Amsterdam.
His firm, Hibernian Pacific Holdings, last month signed an agreement to buy an office park in Germany for €80 million ($108 million). That was Mr. Joseph’s first European deal. He aims to buy property or loans valued at as much as €600 million this year, about three times what he anticipates buying from U.S. banks………………………………………..Full Article: Source

JLL: European logistics and industrial investment ends the year on a high note

Posted on 07 February 2013 by Laxman  |  Email |Print

Investment in European logistics and industrial assets rose to €2.9 billion in the final quarter of 2012, reflecting a 41% increase on the previous quarter according to Jones Lang LaSalle research. Surging investment activity lifted the year’s total to €8.6 billion. This still reflects a 13% decline on 2011 but the overall slowdown remained below a previously expected 20%+ drop, thus exceeding expectations for the full-year 2012.
“The strong final quarter reflected the increasing investor appetite we witnessed throughout 2012 in the sector. The overall slowdown in transaction activity during 2012 was driven largely by an uneven spread in liquidity across the region, with falls across much of Southern Europe but strong growth in sought after core markets such as France, Germany and Poland.” comments Tom Waite, Associate Director European Capital Markets in Jones Lang LaSalle………………………………………..Full Article: Source

European real estate investors remain risk averse: Savills

Posted on 04 February 2013 by Laxman  |  Email |Print

Savills’ latest report forecasts that European investment activity in 2013 will continue to be driven by equity-rich buyers seeking risk-averse, prime product in markets such as the UK, France, Germany and the Nordics.
This demand will, in turn, keep prime yields in these markets stable with some upward pressure on pricing in key sectors including prime offices, shopping centres and high street retail. Average prime yields in these sectors currently stand at 5.7%, 5.8% and 4.5%, respectively……………………………………..Full Article: Source

A House-Price Index for the EU!

Posted on 01 February 2013 by Laxman  |  Email |Print

In Nov. 2008, just as the subprime-mortgage bust in the U.S. was driving the world financial system into meltdown, European Union finance ministers had an idea: Let’s add real-estate prices to the list of indicators we use to assess the economic situation in the euro zone.
Four years and two months later, Eurostat, the EU’s statistics agency, finally released its first EU-wide house-price index on Thursday. The headline result was somewhat underwhelming. Residential-property prices in the euro zone were down 2.5% in the third quarter compared with a year earlier. ……………………………………….Full Article: Source

Euro zone property prices fall 2.5 pct in 3rd qtr, yr/yr

Posted on 01 February 2013 by Laxman  |  Email |Print

Residential property prices in Ireland have tumbled by 50 percent since their peak in late 2007, while Spain’s real estate values have fallen by almost a third, the EU’s statistics office Eurostat said on Thursday.
The data, which has been released by Eurostat for the first time, shows the extent of the property crash that followed the global financial crisis from 2008 and propelled the euro zone into its own debt crisis that nearly broke up the currency area………………………………………..Full Article: Source

Europe commercial real estate rebounds

Posted on 31 January 2013 by Laxman  |  Email |Print

Investment volumes in European commercial real estate hit nearly 44 billion euros ($ 59 billion) in the fourth quarter of 2012, the highest quarterly level of since 2007, according to data from property consultants, Cushman and Wakefield.
Cross-border investment rose by 19 percent last year and the property consultancy forecast that volumes could rise by 5 to 6 percent to 141 billion euros ($ 190 billion) in 2013, despite the risks presented by a still-fragile economic recovery in Europe………………………………………..Full Article: Source

European property investors gain confidence – Union

Posted on 31 January 2013 by Laxman  |  Email |Print

Investors have regained confidence in the European property markets and are planning to increase investments this year, with especially good outlooks for Germany, France and UK, with Ireland also back in focus, says German cooperative bank fund manager Union Investment.
The increasing desire for healthy returns will however be limited by the shrinking credit markets, Union found in its annual Investment Climate Index survey of 165 German, French and UK investors. Capital requirements are seen to tighten further for investment projects as a result of the euro crisis………………………………………..Full Article: Source

2014 will see improvements in European property market

Posted on 31 January 2013 by Laxman  |  Email |Print

There will be signs of recovery in the property market in Europe next year, according to CBRE. This will follow a steady recovery in the continent’s economic performance in 2013, which is good news after last year saw it experience a difficult financial period.
Neil Blake, Head of UK and Europe, the Middle East and Africa of CBRE, said: “If the trend of positive indicators persists, we expect to see improved economic growth and property market conditions, but we may have to wait until 2014 for signs of significant progress.”……………………………………….Full Article: Source

Europe’s toxic property loan clean-up gathers pace

Posted on 30 January 2013 by Laxman  |  Email |Print

Sales of European property loans will rise by about 15 percent to 25 billion euros (21.6 billion pounds) this year as Spain and Ireland speed the sale of unwanted and bad loans, confronting the extent of the real estate crash as they clear their books.
Both countries suffered the worst of Europe’s property collapse, with prices falling more than 50 percent in some areas from the previous peak in 2007. Both have national ‘bad banks’ to purge lenders of their risky loans and after a slow start, during which better-performing assets were offloaded, both countries must now tackle the worst………………………………………..Full Article: Source

CBRE: Improved economic sentiment to set stage for European real estate recovery in 2014

Posted on 30 January 2013 by Laxman  |  Email |Print

A gradual recovery in economic performance and business confidence this year will set the European real estate market up for a stronger recovery in 2014, according to the latest report by CBRE, the world’s leading commercial real estate advisor.
European property markets faced a difficult economic environment in 2012, with heightened fears of a euro break up in the first half and output flat or falling across almost all the continent by the year end. 2013 has started more positively, with the threat of euro disintegration receding, together with encouraging news from China and the US, underpinning some signs of improvement in market sentiment and business confidence………………………………………..Full Article: Source

European property investment beats 2007 in Q4

Posted on 29 January 2013 by Laxman  |  Email |Print

Trading activity in European commercial property rallied in late 2012 as the market stabilised after its mid-year malaise to post the highest level of quarterly trading since 2007. In the final quarter alone, investment volume totalled €43.7 bn, according to the latest data from property consultants Cushman & Wakefield.
Whilst the year ended only marginally - or 1.5% - up on 2011 with total volumes reaching €133.8 bn, the report predicts that recovery in the sector will start to gain momentum in 2013………………………………………..Full Article: Source

Germany retains lead as preferred destination

Posted on 28 January 2013 by Laxman  |  Email |Print

Germany has retained its title as favoured investment location in Europe, according to the latest Investor Intentions survey published by INREV. Almost 68% of investors polled in the suvey and as much as 92.3% of fund of funds managers opted for allocations to this region.
The Nordic markets ranked second with 60% of investors selecting this as their preferred location, largely driven by their own domestic investments. The UK remains in third position with 32% of investors giving it the thumbs up………………………………………..Full Article: Source

CBRE: Improved economic sentiment in 2013 to set stage for real estate recovery in 2014

Posted on 25 January 2013 by Laxman  |  Email |Print

A gradual recovery in economic performance and business confidence this year will set the European real estate market up for a stronger recovery in 2014, according to global real estate advisor, CBRE.
European property markets faced a difficult economic environment in 2012, with heightened fears of a euro break up in the first half and output flat or falling across almost all the continent by the year end. 2013 has started more positively, with the threat of euro disintegration receding, together with encouraging news from China and the US, underpinning some signs of improvement in market sentiment and business confidence……………………………………….Full Article: Source

JLL: European retail real estate investment volumes reach EUR19.4 bln in 2012

Posted on 24 January 2013 by Laxman  |  Email |Print

Jones Lang LaSalle reports that retail real estate investment was strong in Q4 2012 lifting full year investment to €19.4 billion; the top end their €18-20 billion forecast.
Direct investment in retail real estate for Q4 2012 is €7.6 billion compared with € 8.5 billion in Q4 2011, down 11%. Full year volumes are estimated at €19.4 billion, in comparison with €31.3 billion in 2011, approaching the five year average of €23.7 billion………………………………………..Full Article: Source

Poland remains the most active market in the CEE region in 2012

Posted on 24 January 2013 by Laxman  |  Email |Print

According to Jones Lang LaSalle’s analysis, total investment volumes on the Polish commercial real estate market in 2012 amounted to approximately €2.75 billion. This was on a par with the results from 2011 (approximately €2.75 billion as well), which was a very good year for the investment market, and is a considerable improvement on 2010 volumes (€1.98 billion). 76% of total transaction volumes in the CEE region fell to Poland.
Investors (especially from Germany, USA and Great Britain) focused their attention particularly on prestigious office and retail projects. Warsaw remained especially popular as the city accounted for 55% of total transacted volumes………………………………………..Full Article: Source

Europe property companies seen gaining in 2013

Posted on 23 January 2013 by Laxman  |  Email |Print

Publicly traded real estate companies in Europe may have a 10 percent rise in net asset value this year as their yields are at historic highs compared with five- and 10-year corporate bonds and U.K. government debt, Morgan Stanley analysts said.
Real estate equities have for the past 15 years typically risen in value when property yields offer historically wide premiums over corporate bonds and gilts, analysts including Christopher Fremantle wrote………………………………………..Full Article: Source

CBRE: European commercial real estate investment activity finishes strongly in 2012

Posted on 23 January 2013 by Laxman  |  Email |Print

The European commercial real estate investment market finished 2012 strongly, according to figures released by CBRE Group, Inc. Although there is typically a seasonal uplift in activity in the final quarter of the year, the activity level was particularly pronounced in 2012, with several countries reporting their highest quarterly investment activity totals since 2007.
Total European investment reached €41.6 billion in Q4 2012, up by 48% on Q3 2012 and 16% on Q4 2011………………………………………..Full Article: Source

Commercial real estate investors favour safe haven cities in Europe

Posted on 22 January 2013 by Laxman  |  Email |Print

German cities dominate the investment prospects for Europe’s commercial real estate sector as investors continue to favour safe haven locations according to a new report.
The Emerging Trends in Real Estate Europe 2013, a real estate forecast published jointly by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) ranks 27 cities across Europe, based on respondents’ expectations for market performance in 2013………………………………………..Full Article: Source

JLL: European retail real estate investment volumes reach EUR7.6 billion in Q4 2012

Posted on 22 January 2013 by Laxman  |  Email |Print

Jones Lang LaSalle reports that retail real estate investment was strong in Q4 2012 lifting full year investment to €19.4 billion; the top end of our €18-20 billion forecast.
Direct investment in retail real estate for Q4 2012 is €7.6 billion compared with € 8.5 billion in Q4 2011, down 11%. Full year volumes are estimated at €19.4 billion, in comparison with €31.3 billion in 2011, approaching the five year average of €23.7 billion………………………………………..Full Article: Source

The best places in Europe to make money from property

Posted on 18 January 2013 by Laxman  |  Email |Print

To predict European property markets at the moment is to peer into a particularly foggy crystal ball. The old certainties have become ragged and frayed. That sure-bet holiday pad on a Spanish Costa is suddenly almost worthless. The French president, François Hollande, has brought punitive taxes on holiday home owners.
German cities, so long the poor cousins, are suddenly experiencing rapid price rises. Topsy-turvy is putting it mildly. Here then are 20 safe havens around Europe. Some are obvious, others less so. 1 London: Close to home, but there’s no escaping that London is still the granddaddy of all havens……………………………………….Full Article: Source

CBRE: Signs of resilience in prime European commercial rents and yields

Posted on 18 January 2013 by Laxman  |  Email |Print

While weak economic indicators from around much of Europe continue to affect market activity, CBRE’s quarterly survey of rents and yields for Q4 2012 showed a degree of resilience at the prime end of the market.
During Q4 2012, rents rose in the retail sector and were effectively flat in the office and industrial sectors, while yields for retail and office property saw some downward movement……………………………………….Full Article: Source

Europe: Bigger property deals to make a comeback

Posted on 17 January 2013 by Laxman  |  Email |Print

The market for bigger deals in European property should come back to life this year, as banks sell holdings to reduce their debt loads and companies seek to become more efficient. But financing remains tight, while deals are becoming increasingly complicated and take longer to close.
Since the onset of the financial crisis, companies have been using income to cover higher interest payments caused by refinancing, or to fund operations. That has left little with which to buy other property companies………………………………………..Full Article: Source

Europe’s hotel market added 41,982 new rooms in 2012

Posted on 17 January 2013 by Laxman  |  Email |Print

According to STR Global, the Europe hotel industry opened 332 new hotels with 41,982 rooms in 2012. Among the Chain Scale segments, the Economy segment opened the most new rooms with 11,064 rooms in 95 properties.
Three other segments opened more than 5,000 new rooms in 2012: the Upper Midscale segment (67 hotels with 8,869 rooms); the Upscale segment (39 hotels with 6,137 rooms); and the Midscale segment (52 hotels with 5,537 rooms). The Luxury segment added the smallest number of new rooms in 2012 with 2,276 rooms in 14 hotels………………………………………..Full Article: Source

C&W: Central European investment volumes bounce back in Q4

Posted on 15 January 2013 by Laxman  |  Email |Print

According to Cushman & Wakefield investment activity in the core Central European markets of Poland, Czech, Slovakia, Hungary and Romania increased significantly in Q4 2012 to €1,826 million, almost matching 2007 levels, and ahead of the €536 million invested in Q3 2012.
Overall, €3.71 billion was invested in the core CE markets in 2012, accounting for just 59% of the previous year’s record €6.29 billion, but some 25% ahead of 2010………………………………………..Full Article: Source

European property volumes set to match 2012, JLL predicts

Posted on 11 January 2013 by Laxman  |  Email |Print

European commercial real estate investment volumes for 2013 look set to match the performance of the last 12 months, Jones Lang LaSalle has predicted.
The global property adviser said that an ‘exceptional’ fourth quarter pushed global real estate investment volumes to $436 bn (€330 bn) in 2012. The global performance marked a slight increase on 2011’s $435 bn and a 36% increase on 2010………………………………………..Full Article: Source

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European housing market outlook 2013

Posted on 10 January 2013 by Laxman  |  Email |Print

Foreign investors have always treated Europe like tourists treat places of interest. That is why residential property in Europe is especially popular among foreigners (especially among those well-off people from the ex-USSR). They like buying apartments and villas in resort coastal areas of Spain , France, Italy and other EU countries. Moreover, residential property gives foreigners more rights in the Schengen Area.
Market Leader and Masterforex-V Academy tried to take a look in the near future of the EU housing market. First, let’s overview the market situation in 2012………………………………………..Full Article: Source

Northern European property funds flirt with recovery in 3Q - IPD

Posted on 08 January 2013 by Laxman  |  Email |Print

Northern European property funds may have turned a corner in investment returns in the third quarter though southern Europe continues to suffer, says Investment Property Databank. Net asset values rose in the Nordic region though UK and Germany stayed in the black solely due to income returns.
In its latest Pan-European Fund Index, IPD said each of its quarterly national fund indices for the continent registered a higher total return for 3Q12 than for 2Q12. But the improvement was more a case of ‘less bad’ than ‘better’, as the overall quarterly return remained negative at -0.12% for the quarter………………………………………..Full Article: Source

CEE property investment drops 35pct to EUR7.4bln in 2012 - CBRE

Posted on 08 January 2013 by Laxman  |  Email |Print

Despite solid year-end results in Poland and Russia, commercial real estate investment in central and eastern Europe slid 35% to €7.4bn in 2012, consultant CBRE reports. Russia and Poland are increasingly driving volumes, despite decreases of around 20% in both markets.
A clear difference exists between prime assets in key locations such as Warsaw, Moscow and Prague - where investor interest has remained intact - and the rest of the CEE property market, which is struggling to attract investors. Due to limited availability of quality retail stock, the office sector has remained the most liquid, with 40% of total volume………………………………………..Full Article: Source

Colliers International: German open-ended funds and the Eastern European investment market

Posted on 07 January 2013 by Laxman  |  Email |Print

As of the end of 2012, German Open-Ended Funds (GEOFs) hold assets worth around €83 billion globally. The report examines the current and potential future impact from the liquidation of GOEFs on the Eastern European investment market.
The key findings of the report: Approximately €4.5 billion worth of assets in Eastern Europe are currently held by GOEF‘s………………………………………..Full Article: Source

Europe: Don’t buy property - lend to it

Posted on 04 January 2013 by Laxman  |  Email |Print

More than most sectors, commercial real estate could do with a fresh start this New Year. The figures for December are not out yet, but property values fell 3.9 per cent in the first 11 months of 2012, according to the closely-watched IPD benchmark.
But even if the wind does not change - and consensus forecasts suggest it won’t - there’s a way to invest in property that spares you the pain of valuation write-downs: lend against it………………………………………..Full Article: Source

European housing markets ‘remain extremely depressed’

Posted on 21 December 2012 by Laxman  |  Email |Print

Many European housing markets remain extremely depressed, and continue their rapid spiral downwards, the Global Property Guide has reported. House price falls are accelerating in Greece, Spain, Netherlands, Portugal, Croatia and Lithuania, said the property research company.
Of the 23 European countries included in its regular survey, 14 recorded house price falls in the third quarter of 2012 while only nine experienced house price increases. The nine weakest housing markets in the survey were all in Europe. Meanwhile the Asian housing market surge has weakened. Seven of the 10 Asian housing markets included in the survey performed worse this year than last - although the survey indicated that Asia ’s biggest housing market, China, was recovering………………………………………..Full Article: Source

Private equity’s European land grab

Posted on 18 December 2012 by Laxman  |  Email |Print

The Blackstone Group has raised a dedicated $4 billion European real estate fund; David Abrams, head of European real estate investment for Apollo Global Management, says his firm has made 30 investments this year in the U.K., Germany, Ireland, and Spain; the Carlyle Group is buying mainly in Northern Europe, which includes Sweden, Norway, Germany, France, and especially the U.K. — isn’t Europe supposed to be shaky ground in which to invest? What gives?
Well, there are deals to be had. European banks, bloated with real estate, have been looking to dump their holdings — the International Monetary Fund estimates that 58 European banks will sell at least $2 trillion in assets over the next two years……………………………………..Full Article: Source

Azerbaijan pays $286mln for first European property

Posted on 18 December 2012 by Laxman  |  Email |Print

Azerbaijan bought a central London office block for 177 million pounds ($286 million), its debut property deal in Europe that underlines the safe investment appeal of the continent’s top real estate.
The country’s $33 billion state oil fund bought the 188,600 square foot building in the upmarket St James’s district from RREEF Real Estate, the property arm of Deutsche Bank, the German bank said on Monday. The building, which is let to banking group HSBC until 2023, gives an investment yield of about 5.4 percent……………………………………..Full Article: Source

JLL: “More reasons to be optimistic” about European property in 2013

Posted on 14 December 2012 by Laxman  |  Email |Print

Real estate investors will continue to encounter low interest rates, muted inflation and sluggish growth in most of the world’s major real estate markets for at least the next couple of years according to the 2013 LaSalle annual Investment Strategy report.
A multi-speed economy has seen low interest rates, low inflation and low growth in the developed world (Eurozone, UK, US and Japan) as opposed to higher inflation, high growth/urbanisation and rising interest rates in the developing world (Central and Eastern Europe, Latin America and Asia Pacific (ex-Japan))………………………………………..Full Article: Source

Europe: Property industry urges inclusion in Solvency II review

Posted on 13 December 2012 by Laxman  |  Email |Print

The European real estate industry has reiterated its call to the European Insurance and Occupational Pensions Authority (EIOPA) to include real estate in its upcoming review of the capital requirements for insurance companies under the proposed Solvency II Directive.
Non-listed funds body INREV and 12 other national and pan-European real estate associations are adamant that real estate should be included in the review. ‘Real estate is a major contributor to the European economy. Our industry accounted for 2.5% of total GDP in 2011 and it employs four million people. It would be negligent for EIOPA to ignore this important asset class,’ said Jeff Rupp, director of public affairs at INREV………………………………………..Full Article: Source

Sweden ranked as 4th property investment market in Europe

Posted on 07 December 2012 by Laxman  |  Email |Print

Sweden’s investment market remains stable, according to Savills, with the total 2012 transaction volume expected to reach SEK 90 - 100 bn (EUR 10.4 bn - EUR 11.6 bn). This is in line with 2011 volumes and the 10-year average.
The international real estate advisor recorded a total investment volume of SEK 67 bn (EUR 7.9 bn) in the first three quarters of 2012, maintaining the market’s European ranking at number four in terms of transaction turnover, after the UK, Germany and France………………………………………..Full Article: Source

Russian property latest Eastern Europe investment opportunity

Posted on 07 December 2012 by Laxman  |  Email |Print

Of all the division and volatility in the world’s property market, a clear pattern has emerged that investors can get in front of to make gains. In Eastern Europe we have seen several markets suffer greater losses in their property markets than their overall economy, this combination of massive house price falls combined with resilient and/or resurgent economies presents a solid opportunity in most cases.
Latvia is the shining example of this. Through 2008 and into 2009 it languished at the bottom of the Global Property Guide index as one of the worst hit property markets in the world along with Dubai, as prices in both Latvia and Dubai were down by over 50% on an annual basis………………………………………..Full Article: Source

European real estate firms find new non-bank funding niche

Posted on 05 December 2012 by Laxman  |  Email |Print

Corporate bonds, private placements and small retail bonds are taking the place of many conventional banking loans in Europe these days. The Financial Times estimates European property groups have raised about €15.4 billion ($19.98 billion US) for the first nine months of this year, compared with €8.3 billion ($10.76 billion US) in 2011.
If the trend continues, non-banking funding totals will hit almost €20 billion ($25.9 billion US) by the year end, a record annual total, Bloomberg reports. One euro equals $1.30 U.S………………………………………..Full Article: Source

Warsaw still dominant in the CEE region

Posted on 05 December 2012 by Laxman  |  Email |Print

Warsaw is attracting by far the most attention from investors looking for office buildings in Central and Eastern Europe, with many of the other major locations in the region suffering from the lack of the right products.
“CEE seems to have shrunk to one city, Warsaw,” said a participant in last week’s New Europe GRI 2012 real estate event in Warsaw, whose name and company affiliation we cannot cite due to the Chatham House Rule formula of the meeting………………………………………..Full Article: Source

Europe’s property loans go unpaid

Posted on 04 December 2012 by Laxman  |  Email |Print

More than 70 per cent of the European commercial property loans that were at the heart of securitisation deals structured before the subprime crisis and that reached maturity this year have not been repaid.
Fresh figures from Fitch Ratings point to the continued difficulties facing issuers and investors involved in European commercial mortgage-backed securities deals that were structured in the securitisation boom between 2004 and 2006………………………………………..Full Article: Source

European property rules aimed at investors

Posted on 03 December 2012 by Laxman  |  Email |Print

While much of China is feeling the pressure of soaring home prices, the relatively cheaper homes in some European countries that grant temporary or permanent residents visas seem to provide a shortcut to relief for many Chinese.
“I’ve been following the European immigration policies for a while because some countries’ requirements have become much easier to meet than before, and I don’t want my child to live under the overwhelming pressure of job hunting or mortgage paying as I used to do,” said Liu Changying, a mother of a junior high school student………………………………………..Full Article: Source

Europe: Luxury property gold rush not over yet: Pros

Posted on 30 November 2012 by Laxman  |  Email |Print

As uncertainty continues to grip the European markets, identifying surefire investment opportunities has become increasingly difficult, if not impossible. However, one analyst argues that high-end European real estate may be a viable option for today’s investors.
Sabina Kaylan, European head of research at CB Richard Ellis, proposes that despite the influx into the luxury housing market in 2011 and 2012, there are still plenty of real estate assets—particularly in northern Europe—available for investment………………………………………..Full Article: Source

Savills: Volume of high street investment deals in continental Europe causes yields to harden

Posted on 22 November 2012 by Laxman  |  Email |Print

According to research by international real estate advisor Savills, the number of high street investment deals has increased from less than 5% of total retail investment in 2007 to 37% in the first three quarters of 2012 in the top eight continental European markets. This has caused yields for high street investments to harden to 4.27%, which is the lowest they have been since 2007.
The research covers Belgium, Germany, France, Italy, The Netherlands, Spain, Sweden and Poland and shows that in total there has been a significant increase in high street investments since 2009, driven in particular by a jump in transactions in France and Germany in this sector, which account for 90% of the high street deals above €10 million in the survey area………………………………………..Full Article: Source

European high-street investment rockets

Posted on 21 November 2012 by Laxman  |  Email |Print

Europe’s main high streets have seen the number of investment deals increase from less than 5% of total retail property investment in 2007 to 37% in the first three quarters of 2012, Savills has said.
Savills’ latest retail real estate report traced the rise in the top eight Continental European markets. The rise in investment activity has caused yields for high street investments to harden to 4.27%, which is the lowest they have been since 2007……………………………………….Full Article: Source

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JLL: London the top city in Europe for international retailers

Posted on 15 November 2012 by Laxman  |  Email |Print

London is the most attractive European location for international retailers, according to a new cross-border retailer index compiled by global real estate adviser Jones Lang LaSalle.
The index, launched today in a new client report entitled Destination Europe 2013 analyses the expansion and presence of 250 international retailers. London comes out as most attractive city across 57 key retail markets. Paris, Moscow, Milan and Madrid, all mature retail markets, comprise the remainder of the top five most attractive cities………………………………………..Full Article: Source

MAPIC: Russia is driving force behind CEE retail: Colliers

Posted on 15 November 2012 by Laxman  |  Email |Print

Retail property rents in Central and Eastern Europe (CEE) are highest in the Russian markets, Colliers International has announced in its Eastern Europe retail market snapshot for Q3 2012.
Euro equivalent rents remain highest in the Russian market with prime high-street rents at EUR 510 ($638) m2/month in Moscow and at EUR 258 ($323) m2/month in St Petersburg. At the other end of the scale, Sofia, Bratislava and Zagreb have the lowest rates at €38 m²/month, EUR 40 m²/month and EUR 45 m²/month respectively. ……………………………………….Full Article: Source

France and Spain still most popular destinations to buy a property abroad

Posted on 14 November 2012 by Laxman  |  Email |Print

Despite ongoing financial problems in the eurozone, the top two destinations for home buyers looking to snap up a property abroad are within the troubled region, research suggests.
France tops the list, with 23 per cent of potential buyers looking to own a property across the Channel, according to the HiFX Property Hotspots report. However, interest from would-be buyers has dwindled in recent months - the same survey in March found that 35 per cent were interested in snapping up a property in France - a 12-point drop………………………………………..Full Article: Source

S&P on credit quality in Europe’s real estate sector

Posted on 13 November 2012 by Laxman  |  Email |Print

While the creditworthiness of rated European real estate companies should remain stable for the remainder of this year and into 2013, like-for-like rental growth opportunities are weak and depend on contractual rent indexation, says a report published by Standard & Poor’s Ratings Services titled “European Real Estate Is Still On A Firm Footing, Despite The Weakening Outlook For Letting Activity In 2013.”
Furthermore, over-renting could become a bigger issue than in the past if contractual indexation pushes rents well ahead of market dynamics. “Credit quality among our rated portfolio of real estate companies should remain stable into 2013,” said Standard & Poor’s credit analyst Anna Overton………………………………………..Full Article: Source

Office take-up in Western Europe down 10pct on 2011: BNPPRE

Posted on 12 November 2012 by Laxman  |  Email |Print

Office take-up in Western Europe is down 10% on last year on a rolling year basis to Q3 2012, according to BNP Paribas Real Estate (BNPPRE).
Take-up has weakened in the nine Western European cities monitored, with Central London and Central Paris slowing down the most, whilst German cities have performed relatively well. Despite achieving their highest quarterly take-up in 2012 so far, Milan and Madrid remain the weakest markets………………………………………..Full Article: Source

Obama win a relief for European property investors: Colliers

Posted on 08 November 2012 by Laxman  |  Email |Print

Barack Obama’s election victory will impact positively on business sentiment in Europe, feeding into occupier markets and, in turn, lifting confidence among property owners and investors, comments Walter Boettcher, director of UK/EMEA Research at Colliers International.
A recent global survey undertaken by Colliers International suggested that few direct property investors in the EMEA region were worried about the impact of the US election on their investment decisions. The same was even true of property investment into the US. Obama? Romney? The general consensus of the survey respondents was that ‘it’s all the same’………………………………………..Full Article: Source

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