Knowledge Center Archives
Thames Valley office Market Q3 2009
While speculative development is drying up, the 3rd quarter of 2009 saw the Thames Valley market come under increasing stress with supply edging upwards and occupier demand subdued. With take up remaining low, there was a further softening in rental levels and incentive packages. Dilapidations and fit out costs are proving to be the major relocation hurdles, with lease re-gearing opportunities being widely exploited.
European Retail Report - Key Drivers in Retail for 2010
In this new European retail report ‘Key Drivers in Retail for 2010’, we predict a relatively positive 12 months ahead in the retail occupier and investment markets including increased retailer expansion and positive total returns by mid-year for core assets in most markets.
The UK Property Investment Market - December 2009
THE UK PROPERTY INVESTMENT MARKET
ENDING THE YEAR ON A HIGH
Commercial property investment markets maintained their bull run in November, with strong demand and supply shortages forcing a further 38bp yield fall on the month.
With 8 straight months of compression, prime yields are now on average 121bp lower than at the market low point, reversing around 40% of the yield loss seen in the 2007 to 2009 period.
Research carried out by Cushman & Wakefield LLP shows that the average availability rate across some of Great Britain’s top streets was 10.3% at the 1st November 2009. This figure includes the stores of a number of retailers that are in administration, some 1.8% of the total
number of shops surveyed.
The UK Property Investment Market - November 2009
EXCESS DEMAND AND LIMITED SUPPLY FIRES THE MARKET
Since the market turned in the summer, it has been the industrial sector which has seen the strongest
overall yield compression, with the headline average falling 123bp. More latterly however, the retail
sector has been making up ground fast, with a 48bp fall in October alone taking the sector’s aggregate
fall since the peak in March to 108bp – equivalent to a 16% gain in capital values.
Banking Opportunity Knocks
Banks are feeling more confident for the first time since 2007…….Thus far however, the banks confidence is based more on sentiment than performance”
Accounting for Leases
As a result, our clients are already looking into how this affects their business. This business briefing highlights the key areas of change and explains what the practical implications might be for both our commercial real estate clients and our role within that industry. It is intended to shed light on the impact of this proposed standard and how it will affect the decision-making process for commercial leases. The chart below identifies key areas of impact under the proposed standard.
energy Sustainability Services
In this study, we compared construction costs of buildings where LEED certification was a primary goal to similar buildings where LEED was not considered during design. The building types analyzed included the three previously evaluated - academic buildings, laboratories and libraries - and two new types - community
centers and ambulatory care facilities.
Consolidation remains one of the key trends in the banking sector in Continental Europe, with central Europe offering greater opportunities.
Buying Opportunities in The Land Down Under?
While Australian hotels may have been slow to transact in recent times, a pick-up in activity is expected in the coming months.
South-East Asian investors are starting to scout Australia’s hotel market in the hopes of finding similar value as the hotel investments they made in the mid-1990s. But let us first ask the obvious
questions - why hospitality and why Australia?