Global Real Estate News
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Keep abreast of the latest global real estate news across 7 continents that impacts on your business.
JLL: Sharp pick up in grade A office rents in Luxembourg, among other European cities, in 2Q15
In its latest Global Office Index (2Q15) publication, Jones Lang LaSalle IP (JLL) noted that grade A office rents in Luxembourg rose by 7.1% in 2Q15. By this measure, the market was the best performing of the 95 monitored globally. Other European cities in the top 10 performers included Barcelona (up 5.6%), Berlin (up 4.5%) and Dublin (up 4.2). Grade A office rents in Luxembourg had previously been flat, given that they were also up 7.1% over the year to 2Q15....
Read more.JLL: Future supply weighs on grade A office rents in Singapore
In its latest Global Office Index (2Q15) publication, Jones Lang LaSalle IP (JLL) noted that grade A office rents in Singapore were only 0.5% higher than they had been in 2Q14. By this measure, the market was the 64th best performing of the 95 markets monitored globally. In 2Q15 alone, grade A office rents in Singapore fell by 5.2% - making the market one of the worst performers (91st). JLL attributed the slippage in grade A office rents to looming increases in supply....
Read more.CBRE: Middle East investment in London of USD4.4bn in 2014 – No.1 destination
According to CBRE’s ‘In and Out 2015’ review of cross-border investment in commercial real estate, outbound flows from the Middle East grew from about USD2bn in 2009 to USD10bn in 2012 (more or less matching the total for 2008) to USD16bn in 2013 (surpassing the 2007 total of just over USD14bn). Outbound investment slipped to USD14bn in 2014. Sovereign wealth funds and private/non-institutional capital each accounted for about half of the total. London was the favoured destination, account...
Read more.JLL: Hong Kong among best performing markets globally in 2Q15 and over previous year for grade A rents
In its latest Global Office Index (2Q15) publication, Jones Lang LaSalle IP (JLL) noted that grade A office rents in Hong Kong rose by 7.9% over the year to 2Q15. By this measure, the market was the 16th best performing of the 95 markets monitored globally. Grade A rents in Hong Kong rose by 5.6% in 2Q15 alone, making the market the fourth best performer globally. The implication is that the slowing of China’s economy has not had an impact on grade A office rents in Hong Kong....
Read more.C&W: Lisbon logistics market a European leader in terms of yield compression in 2Q15
In its latest (2Q15) publication, ‘Marketbeat: the DNA of Real Estate’, Cushman & Wakefield (C&W) noted that Lisbon was one of the 10 best performing markets in terms of yield compression (50 basis points) in 2Q15. Rents at the end of June were EUR3.50/square metre/ month and had fallen by 6.7% over the previous 12 months. C&W thinks that the short term prospects are neutral. Current rental yields are 7.00%....
Read more.JLL: Very mixed fortunes for grade A office rents in Australia, but Melbourne satisfactory
In its latest Global Office Index (2Q15) publication, Jones Lang LaSalle IP (JLL) noted that grade A office rents in Melbourne rose by 3.0% over the year to 2Q15. By this measure, Melbourne was the 38th best performing market of the 95 monitored globally (and the best performing Australian market). Grade A office rents in Melbourne rose by 0.2% in 2Q15 alone, making it the 50th best performing market. Conversely, falling commodity prices have had an adverse impact on gr...
Read more.C&W: Munich logistics market a European leader in terms of yield compression in 2Q15
In its latest (2Q15) publication, ‘Marketbeat: the DNA of Real Estate’, Cushman & Wakefield (C&W) noted that Munich was one of the 10 best performing markets in terms of yield compression (25 basis points) in 2Q15. Rents at the end of June were EUR7/square metre/ month and had been unchanged over the previous 12 months. C&W thinks that the short term prospects are neutral. Current rental yields are 6.00%....
Read more.JLL: Very mixed fortunes for grade A office rents in Australia, but Sydney satisfactory
In its latest Global Office Index (2Q15) publication, Jones Lang LaSalle IP (JLL) noted that grade A office rents in Sydney rose by 2.4% over the year to 2Q15. By this measure, Sydney was the 48th best performing market of the 95 monitored globally. Grade A office rents in Sydney rose by 1.7% in 2Q15 alone – making it the 22nd best performing market. Conversely, falling commodity prices have had an adverse impact on grade A office rents over the last year in Brisbane (d...
Read more.C&W: Berlin logistics market a European leader in terms of yield compression in 2Q15
In its latest (2Q15) publication, ‘Marketbeat: the DNA of Real Estate’, Cushman & Wakefield (C&W) noted that Paris was one of the 10 best performing markets in terms of yield compression (45 basis points) in 2Q15. Rents at the end of June were EUR5.90/square metre/ month and had risen by 1.7% over the previous 12 months. C&W thinks that the short term prospects are neutral. Current rental yields are 6.25%....
Read more.JLL: New Zealand cities among world’s best performers for grade A office rents over year to 2Q15
In its latest Global Office Index (2Q15) publication, Jones Lang LaSalle IP (JLL) noted that grade A office rents in Auckland rose by 9.8% over the year to 2Q15. By this measure, Auckland was the 11th best performing market of the 95 monitored globally. Grade A office rents in Auckland rose by 2.9% in 2Q15 alone. Grade A office rents in Wellington jumped by 6.7% in 2Q15, making that market the second best performer globally after Luxembourg. Grade A office rents in Wellington were u...
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