European Technical Real Estate
|
|
- Josephine Campbell
- 3 years ago
- Views:
From this document you will learn the answers to the following questions:
What city had the highest vacancy rate in the quarter?
Transcription
1 CB RICHARD ELLIS MARKET VIEW CB RICHARD ELLIS GLOBAL CORPORATE SERVICES European Technical Real Estate European Technical Real Estate FOURTH FOURTH QUARTER QUARTER EXECUTIVE OVERVIEW Vacancy rates and availability continue to fall. Demand expected to remain strong, with increasing corporate activity in Frankfurt and Paris. Further increase in supply likely in Outer London. The final quarter of 25 maintained the upward trend in take-up across the European technical real estate market over the past three years. The total European Carrier Neutral Hotel (CNH) stock across the five tier 1 cities increased by 15,91 sq ft over the fourth quarter to 5,51, sq ft. This represents an increase of.29%. Over the year total stock has increased by 16,1 sq ft reflecting an increase of just under 2%. During the fourth quarter there was 2, sq ft of take-up across the five main European data centre hubs, taking the total for 25 to 591, sq ft. Takeup over the quarter was apportioned to 65, sq ft in CNH stock, 5, sq ft in threat stock and 13, sq ft in shell transactions. Of the 2, sq ft of take-up in the fourth quarter, 157, sq ft (78.5%) was in London, 28, sq ft (14.%) in Frankfurt, 6, sq ft (3.%) in Amsterdam, 5, sq ft (2.5%) in Madrid and 4, sq ft (2.%) in Paris. In terms of the source of this take-up 167, sq ft (83.5%) was to corporates, 26, sq ft (13.%) in retail transactions and 7, sq ft (3.5%) to technology companies. The annual picture reflects, out of a total of 591, sq ft, 337, sq ft (57.%) of take-up was to corporates, 11, sq ft (18.6%) in retail transactions, 84, sq ft (14.2%) to systems integrators and 6, sq ft (1.2%) to technology companies. As in the previous year corporate demand has dominated take-up. Of the total 337, sq ft of corporate demand 287, sq ft (85.2%) was in the London market. Looking ahead to 26, we expect demand to continue to grow, dominated by shell and bespoke Fully-fitted corporate transactions in Outer London. This bodes well for the other CNH hubs, particularly Frankfurt and Paris, where a large corporate base should start to drive demand in 26 and beyond. 4TH QUARTER AT A GLANCE Graph 1: VACANCY RATE (%) PER TIER 1 MARKET Total Stock Take-up Availability Vacancy Q4 22 Q1 22 Q2 22 Q3 22 Q4 23 Q1 23 Q2 25 Q2 25 Q3 25 Q4 Vacancy Rate (%) Amsterdam Frankfurt London Madrid Paris Tier 1 Market
2 CB RICHARD ELLIS EUROPEAN TECHNICAL REAL ESTATE FOURTH QUARTER 25 Market Overview CNH Supply The total European Carrier Neutral Hotel (CNH) stock has increased by 15,91 sq ft over the quarter to 5,51, sq ft. This represents an increase of.29%. As at the end of the fourth quarter, there was approximately 3.11 million sq ft of Fully-fitted space, 1.6 million sq ft of Central Services space and million sq ft of Shell & Core space across the five European Tier 1 cities. Over the year total stock has increased by 16,1 sq ft, reflecting a growth of just under 2%. This has been driven by the introduction of new facilities to the market over the last 12 months. Market Take-up & Demand The final quarter of 25 maintained the upward trend in take-up across the European technical real estate market over the past three years. During the fourth quarter of 25 there was 2, sq ft of take-up across the five main European data centre hubs, taking the total for 25 to 591, sq ft. Compared to the previous quarter s takeup of 1, sq ft, total market take-up shows a quarteron-quarter increase in take-up of 99.7%. When compared to the 24 total (of 561, sq ft) the 25 figure shows an annual increase in total market take-up of 5.3%. Take-up over the quarter was apportioned to 65, sq ft in CNH stock, 5, sq ft in threat stock and 13, sq ft in shell transactions. This further demonstrates CBRE s view that whilst take-up is being driven by wholesale corporate transactions, the CNH market is underpinning total takeup by on average 6, sq ft of transactions per quarter. Indeed 25, saw a 6.2% growth in CNH take-up from the previous year, with the 25 total reaching 283, sq ft. Graph 2: TOTAL STOCK PER TIER 1 MARKET 7, 6, 5, 4, 3, 2, 1, Total Across Tier 1 (LHS) Frankfurt (RHS) Madrid (RHS) Amsterdam (RHS) London (RHS) Paris (RHS) 22 Q2 22 Q3 22 Q4 23 Q1 23 Q2 25 Q2 25 Q3 25 Q4 Graph 3: SOURCE OF QUARTER FOUR TAKE-UP Technology 3% Systems Integrators % Retail 13% Corporate 84% 3, 2,5 2, 1,5 1, 5 Of the 2, sq ft of take-up in the fourth quarter, 157, sq ft (78.5%) was in London, 28, sq ft (14.%) in Frankfurt, 6, sq ft (3.%) in Amsterdam, 5, sq ft (2.5%) in Madrid and 4, sq ft (2.%) in Paris. In terms of the source of this take-up, 167, sq ft (83.5%) was to corporates, 26, sq ft (13.%) in retail transactions and 7, sq ft (3.5%) to technology companies. The annual picture reflects, out of a total of 591, sq ft, 337, sq ft (57.%) of take-up was to corporates, 11, sq ft (18.6%) in retail transactions, 84, sq ft (14.2%) to systems integrators and 6, sq ft (1.2%) to technology companies. Table 1: TAKE-UP ANALYSIS Take-up (sq ft) Q4 25 Amsterdam 6, Frankfurt 28, London 157, Madrid 5, Paris 4, Total 2, Q3 25 4, 32, 58, 3, 3, 1, Total 25 47, 73, 419, 8, 44, 591,
3 CB RICHARD ELLIS EUROPEAN TECHNICAL REAL ESTATE FOURTH QUARTER 25 Graph 4: FULLY-FITTED STOCK AVAILABLE PER TIER 1 MARKET 1,4 1,2 1, Total Fully-Fitted Availability Across Tier 1 (LHS) Amsterdam (RHS) Frankfurt (RHS) 45 London (RHS) Madrid (RHS) 4 21 Q4 22 Q2 22 Q2 22 Q3 22 Q4 23 Q1 23 Q2 25 Q2 25 Q3 25 Q4 Graph 5: DISTRIBUTION OF AVAILABILITY BY MARKET SEGMENT Percentage (%) 1% 9% 8% 7% 6% 5% 4% 3% 2% Thus, as in the previous year, corporate demand has dominated take-up. Of the total 337, sq ft of corporate demand 287, sq ft (85.2%) was in the London market. This level of demand is expected to continue in London over the short to medium term. This bodes well for the other CNH hubs, particularly Frankfurt and Paris, where a large corporate base should start to drive demand in 26 and beyond. CNH Availability Over the quarter there was a net decrease in availability of 52,86 sq ft with total availability now standing at 2.11 million sq ft. Total availability has been reduced by 6,1 sq ft in Amsterdam, 36,31 sq ft in Frankfurt, 4,43 sq ft in Madrid, 4,13 sq ft in Paris and 1,97 sq ft in London. These shifts in availability driven by take-up over the quarter have resulted in lower vacancy rates across all tier 1 cities. In London, the vacancy rate has decreased by.59% to 31.98%, whilst in Amsterdam, Frankfurt, Madrid and Paris vacancy rates have decreased to 4.83%, 44.62%, 48.3% and 32.58% respectively. Of particular note is that the Fully-fitted vacancy rate for space in London is 6.14%. Forecast Looking ahead to 26, we expect demand to continue to grow dominated by shell and bespoke Fully-fitted corporate transactions in Outer London. As highlighted earlier, this bodes well for the other CNH hubs, particularly Frankfurt and Paris, where a large corporate base should start to drive demand in 26 and beyond. Based on the current demand pipeline, and factoring in annual growth in take-up seen over the last 24 months, we expect take-up for 26 to exceed 6, sq ft across the 5 major European hubs. 1% % 22 Q3 22 Q4 23 Q1 23 Q2 25 Q2 25 Q3 25 Q4 Shell & Core space Central Services space Fully-fitted space
4 CB RICHARD ELLIS EUROPEAN TECHNICAL REAL ESTATE FOURTH QUARTER 25 Market Focus London The fourth quarter results for London have again illustrated its dominant position in terms of take-up. In the fourth quarter there was 157, sq ft of take-up (representing 78.5% of total market take-up), an increase on the previous quarter of 171%. Of this take-up 22, sq ft (14.%) was in the CNH market, 5, sq ft (3.2%) of threat stock and 13, sq ft (82.8%) in the shell market. In terms of annual performance, London saw 419, sq ft of take-up in 25 which represents 7.9% of total European market take-up for the year. This represents an annual increase in take-up in London of 5.5%, from the 24 total of 397, sq ft. With the vacancy rate of Fully-fitted space in London currently at 6.14% and demand for high specification, modular, bespoke solutions we expect that take-up will continue to be strong in 26 and beyond. We expect supply of space to increase in the short to medium term, as developers and specialist investors move to satisfy some current requirements in this short-supplied market by starting specialist new-build projects. Indeed, we expect some new high specification space to enter the market in the first two quarters of 26. Graph 6: BREAKDOWN OF QUARTERLY TAKE-UP ACROSS TIER 1 MARKETS Thousands (Sq Ft) Corporate Retail Systems Integrator Technology Undisclosed Q1 23 Q2 25 Q2 25 Q3 25 Q4 Evidence of this has been the introduction to our statistics of a new CNH facility to the west of London. This has seen 3, sq ft of stock added into the figures as provisioned shell and core space. This space will be built out to suit customer requirements, and construction has started on some of this space to house customers overspilling from the operator s original facilities. We expect to see much of this type of expansion over the next 12 to 24 months. Frankfurt Over the quarter the Frankfurt market saw 28, sq ft of transactions, following on from the positive results of the third quarter of 32, sq ft, This means that of a total annual take-up figure of 73, sq ft, 6, sq ft (82.2%) was completed in the second half of the year. Of this total annual take-up, 48, sq ft (65.8%) was in the corporate sector. The 25 total market take-up in Frankfurt was down on the previous year by 11, sq ft (13.1%), yet corporate take-up rose by 15, sq ft (45.5%).
5 CB RICHARD ELLIS EUROPEAN TECHNICAL REAL ESTATE FOURTH QUARTER 25 This illustrates CBRE s view that corporate demand, as evidenced in the London market, should begin to be replicated in Frankfurt due to its large financial services platform. As the German economy begins to improve, so we see this demand continuing to grow, which bodes well for the Frankfurt market throughout 26 and beyond. It is worth noting that since the introduction to our statistics last quarter of a new facility in Frankfurt the operator has ceased to actively market an existing facility on the outskirts of Frankfurt. As such we have removed the building from the CNH stock figures and have included it in the threat stock figures. Amsterdam Over the quarter there were 6, sq ft of retail transactions. This has resulted in a marginal decrease in the vacancy rate of.99% to 4.83%. Annually, take-up rose from 13, sq ft in 24 to 47, sq ft, a 262% increase. Excluding a single 33, sq ft letting to a technology company, take-up rose to 14, sq ft, a modest 7.7% rise on the previous year. This further illustrates CBRE s view that the Amsterdam market will continue to exhibit high volatility in terms of take-up as local demand is coupled with infrequent large corporate requirements from both local and mainly USbased corporates. Madrid The smallest of the Tier 1 markets in terms of size and operator competition, Madrid has seen 5, sq ft of take-up in the fourth quarter. Thus the total take-up figure for 25 is 8, sq ft, all of which came in retail transactions in the CNH market. In 24 Madrid saw 28, sq ft of take-up, so the 25 result represents an annual decline of 2, sq ft (71.4%). Paris Quarterly take-up in Paris was 4, sq ft in a series of retail transactions in the CNH market. This was a disappointing end to the year for Paris, although one large systems integrator transaction expected to complete in 25, did roll over into January of this year. Despite this, total market take-up in Paris for 25 was 44, sq ft, an annual increase of 11.3%. The Paris market has seen an increased number of corporate enquiries over the past twelve to eighteen months and, as such, in the short term we expect supply of Fully-fitted stock to increase as operators move to convert Central Services and Shell & Core space to satisfy the increasing demand from corporates and systems integrators. The total market vacancy rate in Paris now stands at 32.58%, which is second only to London (31.98%), with Fully-fitted stock in Paris having a vacancy rate of 26.34%. This compares very favourably with the Fullyfitted vacancy rate in Frankfurt (35.28%) and with the potential growth in both locations of corporate demand in 26, there is becoming evident a lack of quality wholesale space on the Paris market. In particular, whilst demand has continued to grow over the past year this has been channelled to existing facilities. This space has now become increasingly saturated and operators are moving to convert Shell & Core space to Fully-fitted. As in London, demand from clients is for high specification, high power density, bespoke solutions which cannot be satisfied in current facilities or requires large amounts of contiguous space which is currently not available. Vacancy in Madrid currently stands at 48.3%, a decrease of 2.23% during 25. In the short to medium term we do not expect any major movements in take-up until the business community becomes more comfortable with outsourcing.
6 CB RICHARD ELLIS EUROPEAN TECHNICAL REAL ESTATE FOURTH QUARTER 25 DEFINITIONS Carrier Neutral Hotel Stock: Data centres where the operator allows any carrier to connect into the facility and to connect to third parties within the facility, not discriminating between different carriers and charging only nominal fees for interconnection. Threat Stock: In contrast to CNH stock, threat stock data centres are owned or operated by Carriers or hosting organisations which seek to provide bandwidth as part of any service offering and may not be strictly carrier-neutral. Shell Stock: Typically land for development or modern empty warehouse which is acquired for conversion to a data centre for use by an end-user who will use the space for their own purposes, i.e. a corporate. Shell & Core: Shell and Core space is the base real estate of a data centre, a wind and watertight structure with exposed floor and ceiling slabs and exposed finishes to the walls. The landlord would obtain permissions for data-centre use and make provisions for tenants to install their own chillers and back-up power generating equipment. In addition, an incoming diverse raw HV (high voltage) power supply would usually be provided. Central Services: Central Services space comprises Shell & Core plus the main services of diverse chilled-water pipes and a diverse low-voltage generator-backed power supply which are provided by the landlord into the space so that the tenant can install their own dedicated air-conditioning units, power-distribution units, fire suppression, and raised-floor systems. Fully-fitted: Fully-fitted space is ready for tenant IT equipment to be installed almost immediately or subject only to minor works being carried out to account for bespoke equipment and layouts. Retail Transaction: Individual letting smaller than 2, sq ft. Wholesale Transaction: Individual letting greater than 2, sq ft. DATA SOURCE Accurately capturing the dynamics of all the categories of the Technical Real Estate market is very difficult, especially when attempting to analyse vacancy within stand-alone Carrier, Web- Hosting and IT outsource data-centre facilities. The Carrier Neutral Hotel market caters for the full range of user/operator requirements and so is best indicator of the underlying conditions in the Technical Real Estate market. has monitored worldwide Carrier Neutral Hotel supply statistics since This bulletin relates only to the European Carrier Neutral Hotel Tier 1 markets. In addition, we produce a US bulletin and more detailed Tier 1 market statistics are available on request. TECHNOLOGY PRACTICE GROUP formed a Technology Practice Group (TPG) in 1994 to address the specialised technical real estate needs of high-tech firms such as telecommunications companies, data centre operators and corporates across the world. Core technical real estate services provided by the TPG include: Disposal One-off assignments, Multi-site marketing campaigns. Acquisition One-off assignments, Worldwide network rollouts. Consultancy Consolidation strategies, Mergers & Acquisitions. Asset Valuation Bank, Corporate. Project Management, Development Monitoring, Due Diligence, Building and M&E surveys. Research Market reports, Statistics, Take-up forecasting. For additional information please contact: Andrew Jay andrew.jay@cbre.com Tel Stephen Taylor stephen.taylor@cbre.com Tel DISCLAIMER 26 Information herein has been obtained from sources believed 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 independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the market. This information is designed exclusively for use by clients, and cannot be reproduced without prior written permission of. European Offices Abu Dhabi (971) Aix-en-Provence (33) Amsterdam (31) Barcelona (34) Belfast (44) Berlin (49) Birmingham (44) Bratislava (421) Bristol (44) Brussels (32) Budapest (36) Dubai (971) Dublin (353) Edinburgh (44) Frankfurt (49) Glasgow (44) Gothenburg (46) Hamburg (49) Hoofddorp (31) Jersey (44) Krakow (48) Leeds (44) Lisbon (351) Liverpool (44) London (44) Lyon (33) Madrid (34) (34) Malaga (34) Manchester (44) Marbella (34) Marseille (33) Milan (39) Munich (49) Palma de Mallorca (34) Paris (33) Poznan (48) Prague (42) Rome (39) Stockholm (46) The Hague (31) Toulouse (33) Valencia (34) Vienna (43) Warsaw (48) Correspondent Firms: Athens Danos & Associates (3) Bucharest (4) Casablanca (212) Copenhagen Cederholm (45) Geneva PI Performance (41) Helsinki Huoneistokeskus Oy (358) Istanbul (9) Moscow Noble Gibbons Limited (751) Oslo Atrium AS (47) Sofia Elta Consult Ltd (359) Tel Aviv M.A.N. Properties Real Estate (972) Thessaloniki Danos & Associates (3) Zagreb (385) Zurich PI Performance (41)
City and West End Rent Differentials
CB RICHARD ELLIS BRIEFING PAPER and Rent Differentials November 27 KEY FACTS Top prime rents are nearly 5% lower in the than the (Mayfair) the largest ever disparity between the two markets. Faster rental
More informationEuropean Supply Pipeline (as a percent of stock)
CB RICHARD ELLIS MARKET VIEW EMEA Offices FOUTH QUARTER 26 Occupier demand was strong across the region in the final quarter of 6, showing a 27 increase in take-up on Q4 25. The strong leasing market resulted
More informationOffice Rents map EUROPE, MIDDLE EAST AND AFRICA. Accelerating success.
Office Rents map EUROPE, MIDDLE EAST AND AFRICA Accelerating success. FINLAND EMEA Office Rents H2 212 NORWAY Oslo 38.3 5.4% 7.% 295, SWEDEN Stockholm 44.7 4.5% 3.% 5, Tallinn 13.4 44,2 21. 5.25% 1.% 12,
More informationThe Office Market Frankfurt/Main
CB RICHARD ELLIS MARKET VIEW Frankfurt/Main OFFICE MARKET Q3 28 Overview The Office Market Frankfurt/Main Take-up almost at last year s level Marginal increase in vacancy Higher demand for middle price
More informationEMEA Office MarketView
EMEA Office MarketView 2014 CBRE Global Research and Consulting EMEA PRIME YIELD 7.9 BPS EU-28 VACANCY RATE 0.02 PP EMEA PRIME RENT 0.3% EMEA CAPITAL VALUE 1.8% TAKE-UP 17% TAKE-UP STILL SUBDUED BUT SOME
More informationEuropean office market recovery continues but at varying speeds
The Jones Lang LaSalle Office Property Clock Q2 2013 European office market recovery continues but at varying speeds European Prime Office Rental Index continues upward trend Aggregate European leasing
More informationRebound after a slow start
DTZ Research PROPERTY TIMES Rebound after a slow start Europe Office Q2 2015 28 August 2015 Contents Take-up 2 New office supply 3 Vacancy ratio 4 Prime office rents 5 Outlook 6 Definitions 7 3 million
More informationEMEA Office MarketView
EMEA Office MarketView 20 CBRE Global Research and Consulting EMEA PRIME YIELD 7.6 BPS EU-27 VACANCY RATE 0.11 PP EMEA PRIME RENT 0.5% EMEA CAPITAL VALUE 1.9% TAKE-UP 9.6% EMEA OFFICE MARKETS SET FOR IMPROVEMENT
More informationEuropean office sector recovery gains momentum
The Jones Lang LaSalle Office Property Clock Q4 2013 European office sector recovery gains momentum European Office Rental Index increases q-o-q Aggregate European leasing volume up 18% on Q3 Completions
More informationCase Igglo. Mikko Ranin 2.2.2010
Case Igglo Mikko Ranin 2.2.2010 Content Igglo mission History How Oikotie Asunnot powered by Igglo works Real estate premarket House pages Activating the customer Earning logic Revenue streams Statistics
More informationLARGE OFFICE SPACE Where to find 5,000 sq m in Europe
EMEA Office July 2015 LARGE OFFICE SPACE Where to find 5,000 sq m in Europe HIGHLIGHTS The availability of large office premises has reduced by 12% year-on-year Choice is limited - only 19% of options
More informationData Centre Real Estate Market Update
Data Centre Real Estate Market Update Supply and Demand in the Face of Recession 1 st December 28 Andrew Jay Head of EMEA Technology Practice Group CB Richard Ellis Agenda Market Positioning Demand Supply
More informationEMEA Rents map RETAIL 2012. Accelerating success.
EMEA Rents map RETAIL 2012 Accelerating success. EMEA Retail Rents Q1 2012 NORWAY Oslo 154 q 110 q SWEDEN Stockholm 151 tu 146 tu 170 N/A 5.40% tu 140 N/A Helsinki Tallinn 29 p 44 tu FINLAND ESTONIA Saint
More informationEuropean office sector recovery continuing Divergence in speed and strength remains
The Jones Lang LaSalle Office Property Clock Q3 2013 European office sector recovery continuing Divergence in speed and strength remains European Office Rental Index decreases q-o-q Aggregate European
More informationFact sheet DTZ Fair Value Index TM methodology
Fact sheet DTZ Fair Value Index TM methodology DTZ Fair Value Index TM launched to measure investor opportunity in world s commercial property markets First ever forward-looking commercial property value
More informationUK/Europe Global Fares Guide
UK/Europe Global Fares Guide Australian Edition Effective March 2003 European Explorer Want to get to London, Frankfurt or Rome at the best price? Explore UK/Europe with the airlines that know it best
More informationDTZ Research. Property Times Europe Office Q4 2012 Rebound in take-up and new supply. 21 February 2013. Summary. Authors. Contact
Property Times Europe Office Q4 2012 Rebound in take-up and new supply 21 February 2013 Summary Take-up 2 Vacancy ratio 4 New office supply 6 Office prime rents 7 Outlook 9 Definitions 10 Authors Magali
More informationDTZ Foresight Europe Fair Value Q1 2012 Germany and UK holding firm
Germany and UK holding firm 29 May 2012 Contents Fair value highlights 2 Economic context 3 Market classifications 4 Office market forecasts 5 Retail market forecasts 6 Industrial market forecasts 7 Authors
More informationEXPERIENCE MORE FOR LESS WWW.STAYCITY.COM
EXPERIENCE MORE FOR LESS WWW.STAYCITY.COM Background Recognising that standard hotel rooms did not meet the needs of growing numbers of travellers, Staycity was founded in Dublin in 2004 to provide the
More informationGroup 1 Group 2 Group 3 Group 4
Open Cities Lesson 1: Different kinds of cities Worksheet Task 1 Find the countries on the map Group 1 Group 2 Group 3 Group 4 1 Austria 2 Belgium 3 Bulgaria 4 Cyprus 5 Czech Republic 6 Denmark 7 Estonia
More informationFirst half results presentation. October 2006
First half results presentation October 2006 CONTENTS - Mines de la Lucette Group - First step of the strategy - Assets at 30 June 2006 - Consolidated financial statements at 30 June 2006 - Second step
More informationKey contacts. EMEA Investor Intentions Survey 2015. www.cbre.eu. CBRE Research
Key contacts For more information about this regional special report, please contact: Michael Haddock Senior Director, EMEA Research t: +44 7 182 3274 e: michael.haddock@cbre.com For more information regarding
More informationEuropean office rental struggle amidst subdued demand
The Jones Lang LaSalle Office Property Clock - Q2 2012 European office rental struggle amidst subdued demand The European rental index records a second successive modest fall (-0.2%) The European vacancy
More informationEMEA Investor Intentions Survey 2015
EMEA Investor Intentions Survey 1 CBRE Research B INVESTOR INTENTIONS SURVEY 1 EMEA INVESTOR INTENTIONS SURVEY 1 EMEA 1 Executive summary Real Estate investors intentions in 1 Western Europe is the region
More informationPassive infrastructure sharing
Passive infrastructure sharing 2 Why sharing? Passive infrastructure sharing started with mobile phone towers. Mobile network operators allowed each other to hang antennas on their mast sites, resulting
More informationProperty Times Europe Q3 2010 Short supply improves rental outlook
1999 2000 2001 2002 2003 2004 2005 2006 2007 2011 2012 2013 2014 Property Times Europe Short supply improves rental outlook 19 October Contents Overview 1 Market Statistics 2 Office Market Overview 3 Outlook
More informationwww.schiphollogistics.nl START OFF AT The MOST STRATEGIC LOCATION
www.schiphollogistics.nl START OFF AT The MOST STRATEGIC LOCATION IN THE NeTHERlandS The most The business park Schiphol Logistics Park (SLP) is located just five minutes from the airport apron. SLP offers
More informationEurope s Most Dynamic Cities. City Momentum Index March 2015
Europe s Most Dynamic Cities City Momentum Index March 2015 Europe s most dynamic cities The combined forces of urbanisation, globalisation and technology are recasting the commercial geography of real
More informationUK/Europe Global Fares Guide New Zealand Edition
UK/Europe Global Fares Guide New Zealand Edition Effective November 2003 THE WORLD ON ONE TICKET Explore UK/Europe with the people that know it best - Qantas and British Airways. The Qantas and British
More informationEmployment. CMS Cameron McKenna Supporting your needs
Employment CMS Cameron McKenna Supporting your needs 2014 Our Employment team We are a full service Employment team advising on all aspects of the employment relationship with a focus on high-level, complex
More informationCorporate funding monitor: The changing face of fi nance. January 2014. www.allenovery.com
Corporate funding monitor: The changing face of fi nance January 214 www.allenovery.com 2 The Allen & Overy Corporate Funding Monitor looks at loan, bond and equity issues to non-financial corporates over
More informationMOBILITY IN CITIES DATABASE
JUNE 2015 MOBILITY IN CITIES DATABASE SYNTHESIS REPORT INTRODUCTION After a period of erosion, public transport is on a growing trend again, particularly in developed economies, where urban sprawl tends
More informationFrankfurt dominates Q1 activity in Europe
Supply MW Take-up MW MARKETVIEW European Data Centres, Q1 215 Frankfurt dominates Q1 activity in Europe +2.4% +4.5% 16.3MW European Colocation Supply & Take-up as at Q1 215 9 8 7 6 5 Supply Take-up Forecast
More informationWest End of London Office Property Market Outlook
September 2011 West End of London Office Property Market Outlook Mark Callender, Head of Property Research, Schroders By contrast with the pedestrian recovery of the overall UK economy, the West End of
More informationThe Case for Central London Real Estate. Is the Recent Price Correction a Bubble or Here to Stay?
The Case for Central London Real Estate Is the Recent Price Correction a Bubble or Here to Stay? Re-Pricing in the Wake of the Credit Crunch 9.00 8.00 7.00 6.00 5.00 4.00 3.00 2.00 Prime office yields
More informationOrganizing Your Congress in Europe with European Know-How
Organizing Your Congress in Europe with European Know-How Moderator: * Heike Mahmoud, Berlin Speaker: * Cecile Dorian, Barcelona * Jonas Wilstrup, Copenhagen Aix en Provence Amsterdam Antwerp Applied Card
More informationThe Data Center of the Future: Creating New Jobs in Europe
The Data Center of the Future: Creating New Jobs in Europe New data centers will create hundreds of thousands of new jobs for Europe by 2020. But there is work to be done to capture this opportunity fully.
More informationUK Europe. Global Fares Guide Effective November 2004
UK Europe Global Fares Guide Effective November 2004 Important information Fares and conditions are correct at time of printing and are subject to change. Detailed conditions are held by your Travel Agent,
More informationThe CMS REMIT healthcheck
CMS_LawTax_CMYK_28-100.eps The CMS REMIT healthcheck Market abuse, reporting and registration framework for the EU energy market February 2013 Background The EU Regulation on Energy Market Integrity and
More informationInformation Technology
Information Technology www.cms-hs.com Our expertise in the IT sector Experience and industry knowledge you can rely on The information and communications age is witnessing the rapid emergence of new content
More informationAn introduction to the Rothschild businesses
An introduction to the Rothschild businesses Introducing the Group The Rothschild Group is one of the world s largest independent financial advisory groups, employing approximately 2,800 people in 40 countries
More informationGlobal Real Estate Outlook
Global Real Estate Outlook August 2014 The Hierarchy of Economic Performance, 2014-2015 China Indonesia India Poland South Korea Turkey Australia Mexico United Kingdom Sweden United States Canada South
More informationOutlook for European Real Estate in 2013. Mark Charlton, Head of Research & Forecasting
Outlook for European Real Estate in 2013 Mark Charlton, Head of Research & Forecasting Tuesday 20 th November 2012 Europe - uncertainty continues to buffet sentiment Oct 06 Oct 07 Oct 08 Oct 09 Oct 10
More informationInteroute Virtual Data Centre. Hands on cloud control.
Interoute Virtual. Hands on cloud control. Scale your computing resource on demand Choose where in the world you want your data Europe s most trusted and secure network Interoute Virtual Interoute Virtual
More informationWhat Makes Cities Successful Randstad on the World Stage
What Makes Cities Successful Randstad on the World Stage 1966 7 World Cities London Moscow New York Paris Randstad Rhein-Ruhr Tokyo Today: JLL City Commercial Attraction Index Top 20 Population Economic
More informationEuropean Market Study
European Market Study Statistical Benchmark Analysis of Chinese market growth potential to Scandinavian tourism industry By Claus Sager, Tourismdesign - Frankfurt (DE) - M: tourismdesign2006@yahoo.com
More informationInteroute Service Provider The advantage is in the network
Interoute Service Provider The advantage is in the network www.interoute.com About Interoute Named best pan-european Wholesale provider for 4 consecutive years from 2006 to 2009, announced as the World
More informationWestern Europe: Corporate Occupier Conditions
EMEA Corporate Occupier Conditions - Q3 2011 Western Europe: Corporate Occupier Conditions Taking Stock 2 On Point EMEA Corporate Occupier Conditions Q3 2011 Introduction Welcome to the Q3 2011 edition
More informationLatvia Hotel Market Overview
Research & Forecast Report Latvia 2016 Latvia Hotel Market Overview Annual Review Accelerating success. Hotel Market General Overview > > During the first three quarters of 2015, the number of visitors
More informationAccessing DC savings: The new rules. www.allenovery.com
Accessing DC savings: The new rules www.allenovery.com 2 2 DCHQ Freedom and choice series: briefing 2 In addition to existing options such as cashing out a small lump sum, buying an annuity or going into
More informationCEE Insurance Services
CMS_LawTax_CMYK_28-100.eps CEE Insurance Services Supporting your business in Central and Eastern Europe 2010 Focus on the Insurance sector The insurance market across CEE is ever-evolving, which means
More informationThe leading adviser in the global education sector
The leading adviser in the global education sector 3 Global Financial Advisory Rothschild stands apart from the competition. What makes Rothschild special as an adviser is that we are: Focused on clients
More informationGoodbye Spokesperson, Hello Steward
Goodbye Spokesperson, Hello Steward The Transformation of Corporate Communications Once heralded as the seat held by the best storyteller in the company, corporate communications is no longer about amplifying
More informationInteroute Virtual Data Centre. Hands on cloud control.
Interoute Virtual Data Centre. Hands on cloud control. Scale your computing resource on demand Choose where in the world you want your data Europe s most trusted and secure network Interoute Virtual Data
More informationGuide. Axis Webinar User Guide
Guide Axis Webinar User Guide Introduction Joining an Axis Webinar is a quick and easy way to gain additional knowledge about more than just new products, and technology. These webinars allow attendees
More informationDTZ Foresight European Fair Value Q3 2010 Non-core markets drive temperature rise
DTZ Foresight European Fair Value Q3 Non-core markets drive temperature rise 18 November Contents Overview 1 Fair Value Index 2 Fair Value Classifications 3 European Market Classifications 4 European versus
More informationInterim Hotel Survey. January June 2015. A Hogg Robinson Group Company. Hogg Robinson Group 2015
Interim Hotel Survey January June 2015 Hogg Robinson Group 2015 A Hogg Robinson Group Company HRG Interim Hotel Survey January June 2015 3 Contents Interim Hotel Survey 4 It s been an interesting half
More informationCorporate funding monitor 2015
Corporate funding monitor 2015 The changing face of finance February 2015 2 Corporate funding monitor 2015 A global reaction to a global crisis Global corporate funding by source (USDtn) USD4tn USD3tn
More informationseeing the whole picture HAY GROUP JOB EVALUATION MANAGER
seeing the whole picture SM HAY GROUP JOB EVALUATION MANAGER for organizations of any size, job evaluation can be a complex task. hay group job evaluation manager sm (jem) builds hay group s class-leading
More information61 new connections in Lufthansa s summer timetable
61 new connections in Lufthansa s summer timetable Five new destinations and 61 new connections Services to and from Berlin increased fourfold New seasonal tourist destinations East Meadow, NY, March 8,
More informationP R E S S R E L E A S E
P R E S S R E L E A S E Contact: Robert McGrath 212.984.8267 robert.mcgrath@cbre.com Corey Mirman 212.984.6542 corey.mirman@cbre.com LONDON IS WORLD S MOST EXPENSIVE OFFICE MARKET FOR SECOND STRAIGHT YEAR
More informationEuropean Data Centres MarketView
European Data Centres MarketView Q3 214 CBRE Data Centre Solutions SUPPLY +12.% y-o-y Sep 14 AVAILABILITY +8.% y-o-y Sep 14 COLOCATION TAKE-UP +44.5% y-o-y Sep 14 COLOCATION TAKE-UP 59% AHEAD AS CLOUD
More informationBrand Management Services
Brand Management Services About Bird & Bird Since 1898 Bird & Bird has led the way in protecting the ideas that have made some of the world s greatest brands successful. It s the firm s excellence in client
More informationTHE "EUROPEAN CITY TOURISM MONITOR "
THE "EUROPEAN CITY TOURISM MONITOR " 20 th Report January 2014 By ECM Research & Statistics Group Head Office 29D rue de Talant 21000 Dijon France Tel : +33 380 56 02 04 / Fax : +33 380 56 02 05 headoffice@europeancitiesmarketing.com
More informationELENCO DEI VOLI CANCELLATI DA FIUMICINO, DALLE 9 ALLE 17
ELENCO DEI VOLI CANCELLATI DA FIUMICINO, DALLE 9 ALLE 17 AZ 572Alitalia(ZRH) Zurich 9:05 DWT 1131 ^Darwin Airline(ZRH) Zurich AB 1716 ^Air Berlin(ZRH) Zurich 9:05 EY 7063 ^Etihad Airways(ZRH) Zurich 9:05
More informationHow To Rent For A Year In A City Centre Property
EUROPEAN OFFICE MARKET 2013 CONTENTS Office Market 4 Investment Market 6 Amsterdam 8 Barcelona 10 Belgrade 12 Berlin 14 Birmingham 16 Bratislava 18 Brussels 20 Bucharest 22 Budapest 24 Dublin 26 Frankfurt
More informationHow To Teach Spain
Instituto Cervantes Centers Albuquerque Alexandria Amman Algiers Athens Beirut Belgrade Belo Horizonte Berlin Boston Brasilia Bratislava Bremen Brussels Bucharest Budapest Bordeaux Calgary Casablanca Chicago
More informationCARRIER NEUTRAL DATA CENTERS: TERMINOLOGY, SERVICES, OPERATIONS
CARRIER NEUTRAL DATA CENTERS: TERMINOLOGY, SERVICES, OPERATIONS Wouter van Hulten Cross-connects and Data Centre Operations African Peering & Interconnection Forum 25-27 August 2015 Wouter VAN HULTEN 1998
More informationFreight Forwarders: Thinking Outside the Box
Freight Forwarders: Thinking Outside the Box Given its size, profitability, and expected growth rates, freight forwarding is among the most attractive segments in the North American transportation services
More informationGreater than the Sum of its Parts: Professionalizing the Supervisory Board
Greater than the Sum of its Parts: Professionalizing the Supervisory Board Jörg Thierfelder and Michael Ensser In the current business environment, supervisory boards are responding to significantly higher
More informationWHY DUBLIN? WHY NOW?
WHY DUBLIN? WHY NOW? 2 Why Dublin? Why Now? Introduction 3 Welcome to Dublin The investment story for Ireland is compelling right now. Dublin Glasgow Belfast Edinburgh Newcastle Liverpool Manchester Birmingham
More informationOslo, 23 February 2010 4th quarter and preliminary annual results 2009
Oslo, 23 February 2010 4th quarter and preliminary annual results 2009 1 4Q 2009 presentation Agenda Highlights and key figures Financial update Markets & operations: Svein Hov Skjelle Office portfolio
More informationAOS STUDLEY OCCUPANCY COST INDEX
AOS STUDLEY OCCUPANCY COST INDEX 2011 THE MEDIAN TOTAL COST PER WORKPLACE PER YEAR BRUSSELS, JUNE 13 TH, 2012 Agenda 1 Welcome 2 Who is AOS Studley? 3 The AOS Studley Occupancy Cost Index 4 2011 OCI figures
More informationCargo Sales & Service Presentation. Air Logistics UK
Cargo Sales & Service Presentation Air Logistics UK Air Logistics Group Introduction Introducing Air Logistics Group IATA Approved $500m cargo sales 220 employees worldwide Experienced management team
More informationLocal expertise & multinational deals & fresh ingredients & brand innovations & added value in regulation & from raw materials to consumer products &
& Food and Beverage Local expertise & multinational deals & fresh ingredients & brand innovations & added value in regulation & from raw materials to consumer products & a good nose for business Our International
More informationDHL Global Energy Conference 2015 Outsourcing logistics Enhancing innovation or increasing risk?
DHL Global Energy Conference 2015 Outsourcing logistics Enhancing innovation or increasing risk? Introduction to panel discussion Houston, October 13 th What has happened since the last DHL conference?
More informationEquity Capital Markets Team Germany
Equity Capital Markets Team Germany 2 Equity Capital Markets Team Germany Our strength is our experience with complex assignments Capital markets are difficult to predict and present serious challenges
More informationHousehold Energy Price Index for Europe. June 26th, 2015. June Prices Just Released
Household Energy Price Index for Europe June 26th, 2015 June Prices Just Released The most up-to-date picture of European household electricity and gas prices: VaasaETT and two leading European energy
More informationOpportunities for Action in Financial Services. Transforming Retail Banking Processes
Opportunities for Action in Financial Services Transforming Retail Banking Processes Transforming Retail Banking Processes The retail banking environment is undergoing major change. Retail banking customers
More informationSTATISTICS 2008:45 EUROPEAN METROPOLISES THE BALTIC SEA CITIES IN THE EUROPEAN CONTEXT
STATISTICS 2008:45 EUROPEAN METROPOLISES THE BALTIC SEA CITIES IN THE EUROPEAN CONTEXT INQUIRIES Juha Suokas, tel. +358 9 310 36538 juha.suokas@hel.fi PUBLISHER City of Helsinki Urban Facts PB 5500, FI-00099
More informationEXECUTIVE SUMMARY CONTACTS
EUROPEAN LOGISTICS MARKET Property report Q2 213 CONTACTS PROPERTY REPORT - EUROPEAN LOGISTICS MARKET - SEPTEMBER 213 EUROPEAN LOGISTICS COVERAGE FRANCE Christophe Prioux christophe.prioux@bnpparibas.com
More informationOur UK Construction team
Our UK Construction team Providing commercial business-led advice At CMS Cameron McKenna we work hard to be a truly client focused law firm. This means understanding the unique needs and challenges of
More informationThe new Athens Airport
Athens International Airport S.A. The new Athens Airport Presentation to Hochtief Analysts Dr Yiannis Paraschis Athens, 28/6/02 The Agenda The Airport Project The Business Approach Cost and Traffic The
More informationCMS_LawTax_Negative_28-100.ep. CMS European M & A Study 2015. Seventh Edition
CMS_LawTax_Negative_28-100.ep CMS European M & A Study 2015 Seventh Edition Table of contents Introduction 3 Purchase price adjustment 8 Earn-out 11 De minimis 14 Basket 15 Liability caps 18 Warranty &
More informationFor Issuers. Helping to improve the marketing of structured products
For Issuers Helping to improve the marketing of structured products More efficient management and marketing of derivatives Structured products continue to be an attractive and interesting business segment
More informationWelcome to your Gold Visa Business Card
Welcome to your Gold Visa Business Card Thank you... for choosing Bank of Ireland as your commercial card provider. This document is important, please take a few minutes to read this leaflet. It provides
More informationInteroute Service Provider. Engineered for the ambitious.
Interoute Service Provider. Engineered for the ambitious. interoute.com Making business happen. 02 Introduction 06 Leadership through innovation 08 Engineered for the ambitious 10 Delivering a faster world
More informationTHINK Global: Risk and return
Changing context of real estate returns in a globalised world Data generating art This document is solely for the use of professionals and is not for general public distribution. Using data from Fig.1
More informationWhat can you expect from us?
Tax Law Our tax expertise Tax legislation touches every area of life and law. Regardless of exactly how it impacts on you or your business, expert advice is essential. This applies in particular to company
More informationOur global Product Liability group
Our global Product Liability group 2014 www.allenovery.com 2 Sources say: Extremely impressive; the response times are incredible and the advice is well thought out. Chambers 2014 They are on top of the
More informationThe Global Financial Centres Index 16
Featuring a supplement on Maritime Financial Centres sponsored by Busan Metropolitan City The Global Financial Centres Index 16 SEPTEMBER 2014 1 New York 2 London 3 Hong Kong 5 San Francisco 6 Tokyo 7
More informationFlexible access and the annual allowance: How does it work? www.allenovery.com
Flexible access and the annual allowance: How does it work? www.allenovery.com 2 DCHQ Freedom and choice series: briefing 3 Flexible access and the annual allowance how does it work? Certain methods of
More informationAsset Management. Enter >
Your Assets - Our Know-How communication, response, control, direction, organisation Enter > Asset Management Who we are & what we do communication, response, control, maximisation, direction, organisation,
More informationHow CPG manufacturers and retailers can collaborate to create offers that will make a difference. Implications of the Winning with Digital Study
Implications of the Winning with Digital Study How CPG manufacturers and retailers can collaborate to create offers that will make a difference 1 To shed light on retailers shift from traditional to digital
More informationCB RICHARD ELLIS RESEARCH AND CONSULTING. Special Report DUBLIN - A COMPARATIVE ANALYSIS OF COMPETING OFFICE MARKETS
CB RICHARD ELLIS RESEARCH AND CONSULTING Special Report DUBLIN - A COMPARATIVE ANALYSIS OF COMPETING OFFICE MARKETS August 2010 TABLE OF CONTENTS Foreword 4 Introduction 5 Corporate Tax Rates 6 Rents
More informationOpportunities for Action. Achieving Success in Business Process Outsourcing and Offshoring
Opportunities for Action Achieving Success in Business Process Outsourcing and Offshoring Achieving Success in Business Process Outsourcing and Offshoring The list of companies that have launched efforts
More informationDigital Infrastructure and Economic Development. An Impact Assessment of Facebook s Data Center in Northern Sweden executive summary
Digital Infrastructure and Economic Development An Impact Assessment of Facebook s Data Center in Northern Sweden executive summary The Boston Consulting Group (BCG) is a global management consulting firm
More informationEurope s office markets: Rent cycles weakening
Economics & politics Research Briefing May, 11 Europe s office markets: Rent cycles weakening In many European markets for office space vacancy rates are now higher than at earlier turning points. This
More informationMarket Survey. The MAN Index of Income-Producing Property in Israel: Q2 2014. Brought to you by MAN Properties July 2014. What Is the MAN Index?
Market Survey Brought to you by MAN Properties July 2014 The MAN Index of Income-Producing Property in Israel: Q2 2014 Hot Topics After price stability in the first quarter of 2014, a decline of 2.5%,
More information