Knowledge Center Archives
Changsha City Report
Changsha is the capital city of Hunan, a province of south-central China located on the lower reaches of the Xiangjiang River, a branch of the famous Yangtze River. The city has a population of 7.04 million, of which 3.1 million live in urban areas. With over 1,700 years of significant history, it is now a major port as well as a commercial and industrial center in South-Central China
Local knowledge is important for real estate investment in Tokyo
In this report, Tokyo’s real-estate market is examined with particular focus on investment in office properties. Firstly, the current situation of Tokyo’s overall socio-economy will be illustrated. Secondly, issues faced by Tokyo’s office market will be presented. Thirdly, the fundamental situation of Tokyo’s real-estate capital market will be discussed. Finally, the report concludes that investment in Tokyo’s real-estate capital market requires extensive local knowledge so that unique fundamentals of each property are taken into account.
THE IMPACT OF THE GREAT EAST JAPAN EARTHQUAKE ON THE TOKYO OFFICE MARKET
Though physical and operational damage from the Great East Japan Earthquake in Tokyo is limited, impact of the breakdown of the Fukushima 1 Nuclear Power Plant is threatening and consistent in terms of spread of radioactive materials and possibility of rolling blackouts. Responding to the consequences, gradual change in the Tokyo office market is possible due to changes in tenants’ location criteria. This report intends to provide an outlook for the Tokyo office market over the next 3 years under such circumstances.
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.
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.
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.
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.
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.
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.
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.