CBRE today announced that Andy Hay has been appointed to the new role of Managing Director of Property and Asset Management for Europe, Middle East and Africa (EMEA), and Richard Williams has been appointed as the company’s UK Managing Director of Property and Asset Management. The senior appointments support the recent significant growth of this part of CBRE’s business and the anticipated future demand for these services across the region.
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CBRE today announced that Tomas Hegedus has been appointed as Managing Director of the company’s market-leading Slovakian business. Tomas succeeds Joerg Kreindl, who moves into a new role as CBRE’s Head of Office Agency and Tenant Representation for Central and Eastern Europe (CEE).
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Capital flows into European retail property continue to follow economic performance, with Germany and those markets positioned outside of the eurozone clear favourites with investors, according to the latest data from global real estate adviser CBRE.
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Macro-economic and political landscape uncertainty suggests that a cautious outlook for commercial real estate is likely to persist into 2012, according to a new report from CBRE Global Research. The Global ViewPoint for 2012 notes that high quality real estate assets in prime locations should continue to perform well compared to secondary real estate and very competitive with regard to other asset classes.
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Prime rents and yields for European commercial property remained broadly stable in the final quarter (Q4) of 2011, despite continued economic uncertainty and negative sentiment across Europe, according to new figures released by CBRE. European prime yield trends have remained stable for several quarters, moving up by no more than 10 basis points in any property sector throughout 2011, while rents in the office and industrial sectors have risen by less than 1% over the same period.
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