The European commercial real estate investment market continued its strong performance in H1 2014, with France and Germany the main drivers of growth and the Netherlands, Sweden and Spain making significant contributions, according to the latest research from CBRE.
European commercial real estate investment activity totalled €44 billion in Q2 2014, reflecting a 28% rise year-on-year, and an increase of 10% on Q1 2014. Strong first half year results pushed commercial real estate investment volumes in Central & Eastern Europe (CEE) (excluding Russia) to €2.5bn, an increase of 15% on the same period for 2013, according to the latest research from global property advisor, CBRE.
The Budapest Research Forum (BRF, which is comprised of: CBRE, Colliers International, Cushman & Wakefield, DTZ, Eston International, JLL and Robertson Hungary) hereby reports its Q2 2014 office market analysis.
CBRE announced that William Shim has joined the firm in an effort to build and strengthen relationships with Korean Occupiers in the Central Eastern Europe region. William joins the firm as a Senior Consultant – APAC/Central and Eastern Europe and will be an integral part of the teams in the region, reporting to Joerg Kreindl, heading up Industrial in CEE for CBRE.
CBRE Hungary continues to expand and strengthen its operations with the launch of its Asset Services business line. The new department is led by Zsolt Kákosy as Head of Asset Services and focuses on various fields of property management. The team has been built up since January and is now increased to over 30 professionals, managing 150,000 sq m of real estate.
CBRE Group Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the seventh straight year. CBRE was the highest-ranked commercial real estate firm in the 2014 rankings and remains the only commercial real estate services firm ever included on this prestigious list.
Spain, Ireland and Italy all saw year-on-year increases in investment activity in Q1 2014 as investors continue their climb up the risk curve. While London still attracts a significant amount of capital, growth is much more dynamic in destinations with higher risk/yield profile. Eurozone peripheries and Central Europe will all benefit from this influx of new money throughout the year, according to the latest research from global property advisor CBRE.
Improved investor confidence and lending conditions, as well as notably increased activity from opportunistic investors in recovering markets, led to a strong start for the European commercial real estate market in 2014, according to the latest research from global property advisor CBRE. Hungary is expected to attract EUR 250 million already in H1 2014.
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