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    • July
    • 11

    Business Briefing: National Housing Market Overview Q2 2011


    The Residential Development Group conducts valuation and consultation services relating to residential development property. The group evaluates a wide range of product types and provides a full spectrum of services. Actively working in residential development markets across the nation, our analyses include the most current and applicable to that employed by market participants in acquisition, disposition, financing, underwriting, and investment decisions. We are pleased to present you with this informative briefing.

    • July
    • 11

    SEOUL: THE MOST TENANT-FRIENDLY OFFICE MARKET IN ASIA PACIFIC


    Robust business growth on the back of a resurgent economy, combined with historically low vacancies, has pushed office development in downtown Seoul to a blistering pace. Pockets of oversupply have already emerged, causing Grade A vacancies to steadily creep up since the fourth quarter of 2009. Although many developers have attempted to defer completion of their projects, over 20 buildings are either under construction or in government approval stage, which may put them in a difficult position to delay their projects more than few years than originally planned. Cushman & Wakefield expects such rapid ramp-up to inevitably translate into sustained increases in vacancies and steep declines in effective rents. The proliferation of attractive options could very well be good news for occupiers, and our analysis reveals some variations by district.

    • July
    • 11

    Business Briefing: The FASB investment property project


    In July 2010 the Financial Accounting Standards Board (FASB) issued guidance that would require all investment property to be measured at fair value (the “Investment Properties Project”). On May 11, 2011, on the heels of the completion of the FASB and International Accounting Standards Board (IASB) joint project on Fair Value Measurement, FASB addressed the final issues on the Investment Properties project that would require reporting investment properties at fair value under U.S. Generally Accepted Accounting Principals (GAAP) for certain companies that invest in investment properties.

    • July
    • 11

    The UK Property Investment Market - July 2011


    Stronger manufacturing demand is helping the industrial sector, while the distribution market is benefitting from e-commerce and internet fulfilment needs. Office markets have seen a modest increase in tenant enquiries, notably from TMT sectors, but a lot of businesses are still resistant to moving. The retail sector was exceptionally diverse even before recent corporate distress hit home. London is enjoying strong demand from overseas traders as well as luxury and fashion retailers and restaurant operators. Better South Eastern towns are also seeing relatively good interest while regional markets are less active, albeit with some new interest, for example from health and fitness centres.

    • June
    • 11

    The UK Property Investment Market - June 2011


    While yields have been stable in all areas, rental trends have been more diverse in recent months. Incentives are largely flat, with the exception of top London retail streets where high premiums are being paid. Rents however are reported to be under pressure or starting to be in a range of markets, obviously including Central London shops and offices but also extending to open consent retail parks and parts of the regional office and distribution markets.

    • May
    • 11

    European Banking Business Briefing


    The European banking sector is gaining strength based on high levels of office leasing activity in the last year, according to a report from Cushman & Wakefield. During that time (April 2010 – March 2011), take-up of office space by banks across Europe has been 20% above the five year average.

    • May
    • 11

    Thames Valley Business Briefing Q1, 2011


    There were more positive signs for occupier confidence in the Thames Valley during the first quarter with a number of new requirements launched, resulting in a 15% rise in demand for office space across region.

    • May
    • 11

    The UK Property Investment Market - May 2011


    The yield outlook is stable in all sectors and over the year to date, only the retail market has seen further compression, with food stores down most but shops and retail warehouses also subject to downward pressure.

    • April
    • 11

    IS HONG KONG PRICING ITSELF OUT OF THE MARKET?


    The Hong Kong CBD was ranked as the world’s most expensive office market in 2010, as strong leasing combined with limited new supply fueled rising occupancies and skyrocketing rents. This paper will examine the Hong Kong CBD relative to adjacent non-CBD markets as well as competing financial centers in the Asia Pacific region, and the cost implications to occupiers. Based on strengthening economic and property fundamentals, this analysis demonstrates the scale of cost increases that occupiers will face over the next two years which may make competing office properties outside the CBD and other financial centers in the region worth a closer look. However, other competing locations are also less likely to yield significant cost saving opportunities to occupiers.

    • April
    • 11

    THE JAPAN EARTHQUAKE AND ITS AFTERMATH


    On March 11, Japan was hit by magnitude 9.0 earthquake followed by a tsunami and nuclear crisis. Whilst the full impact is yet to be known, this paper discusses the immediate implications of this disaster on Japan and the wider Asia Pacific region. It also includes a brief analysis on the tragedy’s impact on the Tokyo’s office market.

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