News and Events

European Real Estate Investment Grows to €23.5bn in Q2 2010

London, 14 July 2010 – European commercial real estate investment turnover reached €23.5 billion in the second quarter (Q2) of 2010, a 15% increase on the €20.3 billion transacted in the first three months of 2010, according to the latest data from CB Richard Ellis (CBRE). Investment turnover rose despite the stress factors emerging in the broader capital markets, such as the sovereign debt crisis and the introduction of austerity measures by many European governments.
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IBM Appoints CBRE in the Nordics

London, 14 July 2010 – Multinational computer, technology and IT consulting corporation, International Business Machines (IBM), has renewed its agreement with CB Richard Ellis (CBRE) to provide portfolio management services across its real estate assets in the Nordic region. The 3 million sq ft portfolio includes four regional headquarters, 37 offices and 6 data centres in Denmark, Sweden, Norway and Finland.
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PRIME RETAIL RENTS STABILISE ACROSS GLOBAL MARKETS

New York Still World’s Most Expensive Retail Location London, 21 May 2010 – Prime retail rents in the world’s leading shopping destinations stabilised in the majority of markets, and grew in a number of major cities, in the first quarter (Q1) of 2010, according to the latest CB Richard Ellis (CBRE) Global MarketView report on the retail sector. As the global economic recovery begins to gather momentum, consumer and retailer confidence have started to improve. Whilst this has still not translated into retail sales growth in most markets, demand for prime retail space remains healthy and vacancy in the best locations is low. As a result, there are some markets globally where prime rents are rising, and many more where the rate of decline has slowed or rents are now stable. New York City remains the world’s most expensive retail destination, with prime rents at US$1,725 per sq ft per annum. Sydney remains in second place globally (US$1,155/sq ft/annum), with Hong Kong ranked third (
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Emerging Destinations Challenge Traditional Hot Spots as Most International Retail Cities

Emerging markets are attracting an increasing number of international retailers and competing with established global retail centres as the most targeted destinations for retailers, according to the new edition of the How Global is the Business of Retail? report by leading global real estate adviser CB Richard Ellis (CBRE). The annual report has seen significant shifts in its ranking of global retail cities in the past year, with emerging markets including Beijing, Shanghai and Moscow improving their positions within with top 10, and with Riyadh, Jeddah and Kuwait City moving into the top 20 list of the most penetrated international retail markets for the first time.
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Retail Sector Dominates European Property Investment Market with Record 42% Share in Q1 2010

Investment in European retail real estate reached €8 billion in the first quarter (Q1) of 2010, outpacing office investment activity with a record-high 42% share of total commercial real estate turnover, according to the latest research from CB Richard Ellis (CBRE). In stark contrast to the performance of the overall commercial real estate investment market, which saw a 32% quarterly decline in Q1, retail activity was only slightly below the €8.1 billion reported in Q4 2009.
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