The overall European hotel investment volume was down -15% y/y for Q1 2017. Germany, Italy and Spain, however, bucked the trend and all recorded growth based on Q1 2016. Some of the key findings to consider are: Germany recorded its highest Q1 investment volume since records began (€1.12 billion). The UK is beginning to see portfolio break-ups; resulting in larger single assets coming to the market. Opportunistic capital is increasingly targeting CEE markets.
The 2017 CBRE European Occupier survey covered 131 companies. Nearly 90% of the companies surveyed are headquartered in either Europe or North America, and two-thirds have a remit that is either global or EMEA-wide. The survey covers a range of sectors, with four dominant components: technology and telecoms, banking and finance, professional services and manufacturing.
We live in an age of cities. In emerging markets, they are hubs of explosive growth in production and distribution facilities. In the developed world, cities have reinvented themselves as vibrant live-work-play destinations. We’ve compiled the second edition of this report so that those looking to invest in gateway cities in EMEA regions can quickly and easily understand pricing and market conditions.
Europe commercial real estate investment totalled €56.1bn in Q1 2017; €259.0bn TTM. Trading activity in continental Europe increased despite elections in several notable markets. A total investment volume of €39.9bn was recorded; up 12% on Q1 last year. Czech Republic, Germany, Hungary, Spain and Sweden all had a record Q1.
• Total nominal value of the European Commercial Real Estate (CRE) investment debt decreased slightly over the course of 2016 from €1.14 trillion to €1.06 trillion, which is largely attributed to reduced levels of investment transactions in 2016 • We estimate that new debt issued increased from €68 billion in 2013 to €125 billion in 2015, while maintaining at €116 billion in 2016 • Additionally, the amount of debt retired in 2016 is also in line with the new origination levels over the past year • 2016 was the first year, since post-GFC loan sale activity commenced in Europe, that real estate secured loan sale activity fell • In 2017, we expect loan sale activity to pick up from 2016, albeit the activity will be relatively concentrated across several key jurisdictions, for instance Italy and Spain