The recovering European economy and a rise in net migration into Germany will lead to acceleration in retail sales growth attracting more domestic and international retailers to the country, according to the latest research by global property advisor CBRE. Among the most attractive regions there are 10 British, 5 German and only 1 placed in CEE. In Europe the most attractive location is Istanbul.
Falling yields across all property sectors and a moderate increase in rental values provides further evidence of growing momentum in European commercial property markets. The findings from CBRE’s Q3 2013 survey of prime rents and yields backs up the picture of recovering investment markets across the region, which have benefitted from increased capital targeting the sector and improved investor sentiment.
British photographer, Mark French has been named as the winner of CBRE’s 2013 Urban Photographer of the Year competition, beating over 12,500 entries from around the globe with his striking Hong Kong image titled ‘Looking good at work’. The annual competition run by CBRE, the world’s largest property advisor, is now in its sixth year and is the largest global photography competition of its kind.
Germany boasts five cities in CBRE’s ranking of Europe’s ten largest commercial real estate investment destinations for the first time, according to the latest research from global property advisor CBRE.
CBRE Group, Inc. has been named the top global real estate advisory firm for the second consecutive year in the Euromoney Real Estate Awards for 2013. CBRE is the only firm to achieve top honours in back-to-back years, and has now won this prestigious award six times since Euromoney launched its real estate awards program in 2005. In Hungary CBRE Budapest has won all of the four awards.
Europe's leading pet food and accessories store chain is opening its first store based on the new "XXL" concept in the Új Buda Center with the support of CBRE. Fressnapf has been considering for a long time opening stores in Hungary that are twice the size of its usual stores.
Increasing demand for retail space, more and more office tenants beyond the Oktogon - In 2013 the real estate market of Andrassy Avenue became active once again: a number of new brands entered the street’s retail pitch, the fate of the former Ballet Institute finally seems settled, and more and more companies are choosing the classical mansion buildings as their headquarters - according to a snapshot of CBRE.
North American and Middle East investors are the major drivers of increased activity in the European commercial real estate market and buyers from outside the region now account for more than a quarter of all transactions in H1 2013, according to the latest data from CBRE.
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