The Nordics experience a confident start of the year

Transcription

1 Nordic Investment MarketView, 215 The Nordics experience a confident start of the year Chart 1: Investment volume Europe and Nordics , ( mn) 9 Nordics Europe Total Nordics share % 1 1% % Segment 15 billion Office 2.5 Retail 1.7 Industrial.46 Residential TOTAL 5.9 Change on 14 NORDICS VS. EUROPE CBRE Research 215, CBRE Ltd 1

2 CONFIDENT START OF THE YEAR Chart 2: Nordics investment volume HIGH ACTIVITY IN THE RETAIL SEGMENT Denmark Finland Norway Sweden Chart 3: Nordic vs. Europe Total segment share of total, 215 Nordics Europe Total INCREASED INTEREST FROM INTERNATIONAL CAPITAL SOURCES 2% 1% % Office Retail Industrial / logistics Chart 4: Nordic Prime Yields index, CONTINUED PRESSURE ON PRIME YIELDS 215 CBRE Research 215 CBRE, Ltd 2

3 Prime Yields and Rents per market and segment Prime Yields Office - 14 Retail High Street - 14 Industrial/ Logistics Copenhagen, DEN Helsinki, FIN Oslo, NOR Stockholm, SWE Prime Rents (Local currency) Office - 14 Retail - High Street - 14 Industrial/ Logistics Copenhagen, DEN (DKK) 1,65 15, 425 Helsinki, FIN (Euro) 48 1, Oslo, NOR (NOK) 4,25 16, 1,2 Stockholm, SWE (SEK) 4,7 14, 9-14 ECONOMIC MACRO DATA AND OUTLOOK Chart 5: Nordics GDP growth (%) 8, Denmark Eurozone Finland Norway Sweden 6, 4, 2, (2,) F216 F217 F218 F Source: Oxford Economics, CBRE Research, CBRE Research 215 CBRE, Ltd 3

4 DENMARK Chart 6: Investment volume Denmark ( mn) Chart 7: Segment share of total, % Office Retail 12% 2% 1 52% Industrial/logistic Residential DEALS Chart 8: Copenhagen Prime Yields Source: Press-release March CBRE Research 215 CBRE, Ltd 4

5 FINLAND Chart 9: Investment volume Finland ( mn) Chart 1: Segment share of total, % 31% Office Retail DEALS Industrial/logistic Residential 2 Source: CBRE s press release March 3 rd 215 Chart 11: Helsinki Prime Yields Source: Ilmarinen s press release April 1 st 215 Source: Nordic Property News March 17th CBRE Research 215 CBRE, Ltd 5

6 NORWAY Chart 12: Investment volume Norway ( mn) Chart 13: Segment share of total Office Retail Industrial/logistic Residential DEALS Source: Atrium CBRE internal Chart 14: Oslo Prime Yields 215 CBRE Research 215 CBRE, Ltd 6

7 SWEDEN Chart 15: Investment volume Sweden ( mn) Chart 16: Segment share of total, DEALS 1 22% Office Retail 1 Industrial/logistic Residential 1% 3 Source: Fastighetsvärlden March 31 st 215 Source: TIIA Henderson March 6 th 215 Chart 17: Stockholm Prime Yields Source: Balder February 5 th CBRE Research 215 CBRE, Ltd 7

8 Major investment deals during 215 Market Property / Address Type / Sector Price ( m) Purchaser Denmark Portfolio Office 161 Pension Fund Denmark Portfolio Mixed-Use 134 Deas Invest I Denmark Tietgensgade 37 Office 124 Danica Properties, Blackrock Denmark Køge Station - Kulturtorvet Retail 75 Citycon Finland EY-Headquarters, Helsinki Office 93.3 Union Investment Finland 5 rental apartments Residential N/A Asuntosalkku Suomi Oy Finland Grocery store portfolio Retail 25. Sirius Capital Partners Finland Retail portfolio, 5 properties Retail N/A Redito Norway Sognsveien 75 A Retail 13.3 Oslo Pension Fund Norway SEF Portfolio Office Partners Group Norway Entra Portfolio Office 163 Hemfosa Fastigheter Norway Helsfyr Panorama Office Bryn Eiendom Sweden Skärholmen Centrum Retail - SC 375 Grosvenor Fund Management Sweden Nova Lund Retail - SC 175 TIAA Henderson Real Estate Sweden Gamlestadens Fabriker Office 8 Platzer Sweden Courtyard by Marriott Hotel 72 Balder THE DEAL OF THE QUARTER SUMMARY Skärholmen Centrum (SKHLM) ² 215 CBRE Research 215, CBRE Ltd 8

9 CONTACTS CBRE OFFICES CBRE Sweden CBRE Atrium Norway CBRE Finland CBRE Denmark For expert advice, please contact CBRE s in-country Heads of Capital Markets: CBRE Sweden CBRE Atrium Norway CBRE Finland CBRE Denmark The Nordics The Nordic countries consist of Denmark, Greenland, the Faroe Islands, Finland, Åland, Iceland, Norway and Sweden. The Faroe Islands and Greenland are both part of the kingdom of Denmark. Åland is part of the republic of Finland. The focus of this report is on the four main countries in the Region; Denmark, Finland, Norway and Sweden and their capitals; Copenhagen, Helsinki, Oslo and Stockholm. Disclaimer: Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE.