CBRE European Commercial Real Estate Debt ViewPoint, issued today, €970 billion of European commercial real estate debt was outstanding at the end of 2009. Mirroring their typical share of European commercial real estate investment activity, Germany and the UK account for over half of the €970 billion total, with 24 per cent and 34 per cent respectively.
A new report commissioned by the City of London Corporation and undertaken by CBRE confirms that London still has a competitive property offer when compared to other leading International Financial Centres. ‘The Competitiveness of London’s Business Property Offer’, launches at the MIPIM property conference in Cannes and reviews the current and future competitiveness of London’s business property, making comparisons with other international financial centres.
CBRE has seen an increased interest from corporate clients considering relocating office-based functions to Switzerland from major U.S. and European markets, including the United Kingdom. Active corporate occupiers of commercial real estate, particularly in the banking and finance, manufacturing and pharmaceutical sectors, are trending towards Switzerland as a base for functions initially including senior management, support and back-office.
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