London Maintains its Global Competitive Property Spot
London, 18 March 2010 - A new report commissioned by the City of London Corporation and undertaken by CB Richard Ellis 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. Read more
18 03 2010
CBRE Expects Extended Workout of c.€200bn of European Property Loans Most at Risk
London, 17 March 2010 – According to CB Richard Ellis’ (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.
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17 03 2010
CB Richard Ellis Acts for BGP in €330 Million European Industrial Sale
London / Frankfurt, 17 March 2010 – CB Richard Ellis (CBRE) today announced that it has advised BGP on the conditional sale of the €330 million HBI German industrial property portfolio, which was a former joint venture between Australian fund managers GPT and Babcock & Brown. The purchaser was investor Hansteen Holdings Plc. Read more
09 03 2010
Closing Window of Opportunity for EMEA Office Occupiers
London, 09 March 2010 – Office occupiers in several markets across Europe, the Middle East and Africa (EMEA) are still well-placed to negotiate favourable terms with landlords, according to latest office and market research from CB Richard Ellis (CBRE). Despite the fact that rents are stabilising in several major cities across the region, landlords in many markets are still offering sizeable incentive packages in order to secure tenants. With landlords reluctant to lose tenants and risk voids, large occupiers who represent significant parts of a landlord’s portfolio are in a particularly strong position to negotiate.
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09 03 2010
Increase in Corporate Clients Considering Switzerland
London, 9 March 2010 – CB Richard Ellis (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. Read more