– As supply constraints emerge in large prime real estate markets such as London, and rapid re-pricing takes place in recovering markets such as Spain; investors should be considering mid-size European cities for buying.
European commercial real estate markets saw further yield improvements in Q3 2014 across all property sectors reflecting growing investor demand, according to the EMEA Prime Rents and Yields survey from global property advisor CBRE.
Ireland and Spain are close to record-breaking levels for commercial real estate (CRE) investment as buyers search for value in non-core markets, according to the latest research from global real estate advisor CBRE.
CBRE Global Investment Partners (CBRE GIP) acquires 20% equity holding in Tour Adria, the iconic tower at the heart of La Défense, Paris’ Central Business District from Testa who were advised by CBRE Capital Advisors. The tower is held in an OPCI structure, managed by Primonial REIM.
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The Italian CRE investment volume in Q2 2014 reached €910 million, an increase of 26% compared to the previous quarter but a 36% decrease on year-on-year base.
The growing interest from international investors has boosted total foreign capital invested during the quarter at 90% of the total, equal to approx. €820 million, more than double compared to Q1 2014.
In line with the previous quarter, portfolio deals took a large share on the total quarterly investment volume, equal to 46%.
Retail sector again continues to attract the largest investment share, accounting for 71% of the quarterly investment volume.