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      <title>CBRE Ireland News</title>
<link>http://www.cbre.ie/ie_en/news_events</link>
      <description>Commerial property news from CBRE </description>
      <language>en-us</language>
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<title><![CDATA[RETURNS STABILISING IN THE IRISH COMMERCIAL PROPERTY MARKET]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=5233]]></link>
<description><![CDATA[26th July 2010 | The Dublin office of CB Richard Ellis Group (“CBRE”), the international commercial real estate firm, today launched their mid-year investment market Marketview publication for 2010, which concludes that following the most significant downturn ever experienced, there are signs of stabilisation starting to emerge in the investment sector of the Irish commercial property market.]]></description>
<pubDate>Mon, 26 Jul 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[MOMENTUM IN INDUSTRIAL LETTING AND SALE ACTIVITY SLOWS IN Q2 2010]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=5177]]></link>
<description><![CDATA[July 16th, 2010 -- According to CBRE’s latest Dublin Industrial Market View for Q2 2010, the Dublin industrial market saw a decline in industrial take-up on both a quarterly and annual bases over the last 3 months.  Take-up – both sales and lettings – came to only 19,364m2 in Q2, with 98% of take-up occurring through lettings.  Take-up in Q2 2010 was down approximately 50% compared to Q2 2009, but remained above the all-time low take-up levels seen at the start of 2009.  Despite the slowdown in lettings and sales in the three months ending in June, the take-up seen in Q2 2010 brings take-up for the first half of the year to 77,232m2, an increase of approximately 43% on the same period in 2009.  

]]></description>
<pubDate>Fri, 16 Jul 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[CBRE LAUNCHES SECOND QUARTER DUBLIN OFFICE MARKET VIEW ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=5144]]></link>
<description><![CDATA[€60 million of Office Investments sold in Dublin 

Letting activity is encouraging but medium term outlook uncertain 
]]></description>
<pubDate>Wed, 14 Jul 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[EUROPEAN REAL ESTATE INVESTMENT GROWS TO €23.5B IN Q2 2010]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=5155]]></link>
<description><![CDATA[INVESTMENT VOLUME IN IRELAND SHOWS ONE OF THE LARGEST QUARTERLY INCREASES - BUT FROM A LOW BASE
]]></description>
<pubDate>Tue, 13 Jul 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[SIGNS OF RECOVERY EVIDENT IN SOME SECTORS OF THE IRISH COMMERCIAL PROPERTY MARKET  ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=5067]]></link>
<description><![CDATA[1st July 2010 | The Dublin office of CB Richard Ellis Group (“CBRE”), the international commercial real estate firm, today launched their latest bi-monthly assessment of conditions in the Irish commercial property market. The July 2010 report confirms that many sectors of the Irish commercial property market are now showing signs of improvement, following the biggest downturn ever experienced in the property market.]]></description>
<pubDate>Thu, 01 Jul 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[PRIME RETAIL RENTS STABILISE ACROSS GLOBAL MARKETS]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4845]]></link>
<description><![CDATA[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 (US$974/sq ft/annum). London remains in fourth place, after recording a 20% annual increase in rents since the first quarter of 2009, with ongoing strong demand and low vacancy rates in the prime locations. Paris rounds out the top five locations with rents of US$791/sq ft/annum. Interestingly, some of the fastest growing retail rents have been seen in Latin America, with markets such as Rio de Janeiro, Mexico City and Santiago showing significant quarterly and annual increases.
]]></description>
<pubDate>Fri, 21 May 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[EUROPEAN REAL ESTATE INVESTMENT TO REACH MORE THAN €100B IN 2010]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4832]]></link>
<description><![CDATA[Signs of interest in value-add and better quality secondary opportunities

London, 18 May 2010 – European commercial real estate investment turnover is expected to reach more than €100 billion in 2010, a significant increase on the €73 billion reported in 2009, according to the latest CB Richard Ellis (CBRE) European Capital Markets report. Trends in the European real estate market so far in 2010 have been increasingly positive, although largely confined to the prime segment of the market, with increasing lender confidence, value recovery, and growing investor demand all helping to drive transaction volumes and size. ]]></description>
<pubDate>Wed, 19 May 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[CBRE LAUNCH HALIFAX BRANCHES TO THE MARKET ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4807]]></link>
<description><![CDATA[Dublin, 12th May 2010 - CB Richard Ellis announced today that they will be disposing of 44 high profile branch locations on behalf of Bank of Scotland Ireland.  In February of this year it was announced that Bank of Scotland Ireland is to close its Halifax branch network in the Republic of Ireland.  It was later announced that these branches were expected to close in June of this year.]]></description>
<pubDate>Wed, 12 May 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[CBRE DUBLIN APPOINTS FLORENCE STANLEY AS EXECUTIVE DIRECTOR]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4805]]></link>
<description><![CDATA[Nine Senior Appointments Strengthen CBRE Advisory Teams 

Dublin & Belfast, 12 May 2010 – The Dublin office of CB Richard Ellis Group (“CBRE”), the international commercial real estate firm, today announces the appointment of Ms Florence Stanley to Executive Director. Ms Stanley is a senior member of CBRE’s Retail team advising Irish and international clients on the acquisition of retail properties in the Irish market.
]]></description>
<pubDate>Wed, 12 May 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[UK RETAINS TITLE AS MOST INTERNATIONAL RETAIL MARKET IN THE WORLD, WITH THE UAE HOT ON ITS HEELS]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4765]]></link>
<description><![CDATA[Global Retail Report Tracks Shifts in Global Retail Market Hierarchy

London, 5 April 2010 – The United Kingdom (UK) has maintained its position as the world’s most international retail market, 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). Attracting 58% of all international retail brands surveyed, the UK is now closely followed by the United Arab Emirates (UAE) where 54% of international retailers are present. This emerging market’s growing ability to attract international retailers fuelled its rise as a global retail destination during 2009, seeing it take second position in CBRE’s top global retail markets ranking for the first time. Ireland’s country ranking fell slightly in 2010 although Dublin gained ground in the city rankings year-on-year.

CBRE’s annual survey – now in its third year – mapped the global footprint of 294 of the world’s top retailers across 69 countries, exploring the globalisation of the retail industry at national and city levels and highlighting differences between sectors and regions, thereby identifying changing trends in the patterns of global retail expansion. 

Despite a bumpy year for retail markets across the world, the UK maintained the number one position in the top 20 most international retail markets ranking for the third year running. Overall, Europe continued to dominate the top 20, with all five of the largest European economies featuring in the top 10 international retail destinations: UK (1st), France (4th), Spain (6th), Germany (7th) and Italy (8th). However, the top 20 list has become considerably more global in the past year as retailers target key emerging markets in addition to the more established retail destinations. For example, the United Arab Emirates and China have rapidly expanded their international retail offer. As a result, China, for instance, has moved up the global ranking by two places in the past year to enter the top five for the first time, with 47% of retailers now present there. Reflecting the scarcity of international retail expansion in Ireland over the last 12 months, Ireland dropped three points in the country rankings in 2010 from 29 to 32.  However, Dublin has moved up two points in the city rankings since last year from 57th most international retail market in 2009 to 55th in 2010.  
]]></description>
<pubDate>Wed, 05 May 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[SIGNS OF IMPROVEMENT IN THE IRISH COMMERCIAL PROPERTY SECTOR]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4751]]></link>
<description><![CDATA[3 May, 2010 | The Dublin office of CB Richard Ellis Group (“CBRE”), the international commercial real estate firm, today launched their latest bi-monthly assessment of conditions in the Irish commercial property market. The May 2010 update outlines that while conditions generally remain challenging, there are definite signs of an improvement in sentiment and activity in some sectors of the market in recent months. 

Report Highlights


► Improvement in overall activity on quarterly and annual basis


► Prime rents and yields have stabilised and total returns in Q1 2010 were positive for the first time in over two years


► Rents on secondary industrial accommodation continue to fall dramatically


► Increasing appetite for good hotel properties in prime locations subject to realistic valuations and the availability of funding

Marie Hunt, Director of Research at CB Richard Ellis said, “While transactional activity in the commercial property market is still performing below capacity, activity in all sectors of the market is up on a quarterly and on an annual basis, which is encouraging.  Considering the underlying level of activity in each sector, particularly the investment market, we expect to see further improvement as the year progresses.  Prime rents and yields have now firmly stabilised and total returns from Irish commercial property in Q1 2010 were positive for the first time in over two years”.

Guy Hollis, Managing Director at CB Richard Ellis said, “We are very encouraged to see signs of increased activity in the economy beginning to have a direct impact on take-up activity in the commercial property market. We are also seeing the signs of much more activity in the domestic investment market. With the latest IPD figures moving into positive territory, retail sales improving marginally and NAMA now starting to gain some momentum, markets are beginning to stabilise and we can now look forward to the long road to recovery which will inevitably follow”.

]]></description>
<pubDate>Mon, 03 May 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[DUBLIN INDUSTRIAL MARKET STARTS 2010 WITH 58,000 SQUARE METRES OF TAKE-UP ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4689]]></link>
<description><![CDATA[Dublin 21st April, 2010. According to CBRE’s latest Dublin Industrial Market View, the Dublin industrial market saw growth in transactional activity on both a quarterly and annual basis.  Take-up – both sales and lettings – came to 57,868m2, with 99% of take-up occurring through lettings.  There were a number of small industrial sales totalling 835m2.  Take-up in Q1 2010 was up 8% on the take-up in the previous quarter and equates to nearly three times the take-up seen in the first quarter of 2009.

In a shift from the trend seen in recent months, take-up was predominantly located in the northern side of Dublin, with 48% of take-up occurring in the Dublin North East (N1/M1) and a further 31% was located in Dublin North West (N3).  The Dublin South West districts, primarily along the N7 corridor, accounted for only 11% of take-up in the quarter.  The report says that the N7 remains the preferred location for many potential occupiers, however, with more than 40% of existing requirements focussed on the district.  

According to Garrett McClean, Director of Industrial at CB Richard Ellis, “This is a strong start to 2010.  We’re encouraged by the quarterly and annual gain in take-up during the period. With demand again on the rise, we expect the Dublin industrial market in 2010 to surpass last year’s take-up level.  We are also encouraged by the fact that prime rents remained stable in Q1 2010.”

ENDS

For Further Information, please contact

Patrick Koucheravy	
Property Economist
CB Richard Ellis
Tel	+ 353 1 6185561
Email - patrick.koucheravy@cbre.com
Mobile   + 353 87 2374121

About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), an S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2007 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. In 2007, CB Richard Ellis was named one of the 50 “best in class” companies by BusinessWeek, and one of the 100 fastest growing companies by Fortune.   

In Ireland, CB Richard Ellis is the country’s largest and fastest growing commercial real estate services company, now employing over 125 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, project management, consultancy, valuations and research. Please visit our website at www.cbre.com
]]></description>
<pubDate>Wed, 21 Apr 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[DUBLIN OFFICE VACANCY FELL FOR THE FIRST TIME IN TWO YEARS DURING Q1 2010]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4644]]></link>
<description><![CDATA[According to the Dublin Office Market View Q1 2010 from property consultants CB Richard Ellis, vacancy in the Dublin office market fell for the first time since early 2008 in Q1 2010 as office take-up continued to rise and the supply pipeline remained constrained.  According to CB Richard Ellis, the overall Dublin office vacancy rate fell slightly from 23.45% to 23% in Q1 2010.  While vacancy rates differ across sub-markets in Dublin and the overall rate remains high compared to other similar European markets, CB Richard Ellis says that it is encouraging to see some reduction in the vacancy rate. However, they say it remains to be seen whether this downward movement is indicative of a trend considering the fact that many occupiers are vacating older accommodation in order to move to new premises.

]]></description>
<pubDate>Wed, 14 Apr 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[MOST EU PROPERTY INVESTORS WILL FOCUS ON HOME IN 2010, BUT OTHERS WILL OPT FOR GLOBAL OPPORTUNITIES]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4489]]></link>
<description><![CDATA[Investors confirm appetite for international investment, with interest in all three core global regions demonstrating that the market remains firmly global

MIPIM, Cannes, 17 March 2010 – European investors’ intentions for 2010 show striking similarities with the intentions expressed by investors elsewhere in the world, according to the results of a new survey by CB Richard Ellis, announced at the company’s European Investment Briefing held today at MIPIM, the international real estate event held annually in Cannes, France.

In the CB Richard Ellis European survey of over 270 investors, 60% identified Europe as their primary geographic target, whilst the remainder identified other regions as offering the best buying opportunity in 2010.  Asia is preferred by 21% of respondents, whilst 12% see North America as the most attractive place to purchase real estate in 2010.
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<pubDate>Wed, 17 Mar 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[INVESTORS SEE 2010 AS THE TIME TO TARGET PRIME EUROPEAN REAL ESTATE  ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4488]]></link>
<description><![CDATA[270 European investors reveal their target markets and sectors, 
and key fears for the future of the emerging real estate recovery
]]></description>
<pubDate>Wed, 17 Mar 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[THE SOVEREIGN DEBT CRISIS & REAL ESTATE]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4484]]></link>
<description><![CDATA[
Investors in prime real estate have less to fear than investors in certain Eurozone government bonds from the current crisis; 

There are many tenants that the market considers a better risk than certain governments at the moment; 

Even in the event of a sovereign default, lease contracts will still be valid and rent will still be paid.
 
Secondary property with vacant space or vacancy risk has most to worry about. Austerity measures to restore public finances will have an impact on occupier demand.

See our latest EMEA Viewpoint on Sovereign Debt Crisis Q1 2010 at the PDF link below.   
]]></description>
<pubDate>Tue, 16 Mar 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[CRISIS IN THE RETAIL MARKET – FROM BOTH PERSPECTIVES]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4451]]></link>
<description><![CDATA[We are fast approaching a crisis situation in the Irish retail sector. Rather than lamenting the days of the Celtic Tiger, blaming the various stakeholders involved or setting up yet more working groups to debate the issue, the time has come for calling it straight and coming up with sensible solutions to ensure that more retail businesses do not go out of business. 

Tenants Perspective
- With the volume and value of retail sales down more than 17% year-on-year and consumer confidence extremely weak, retailers are under huge pressure and struggling to maintain margins and ensure the survival of their businesses. 

- Many retailers signed leases over the last few years, agreeing to pay rents, which at the peak of the economic cycle were manageable but are now proving unsustainable considering the extent to which their business has declined.

- The ‘upwards only’ regime that has prevailed in Ireland and the UK since the 1960’s was originally put in place to ensure that rents kept in place with inflation. However, rental hikes over the last few years have been considerably higher than inflation.

- The new legislation banning upward only rent reviews which came into force on March 1st is welcome but does absolutely nothing for tenants who signed upward only leases under the old regime and are currently struggling to meet these rental payments. In fact, the legislation makes it even more difficult for some retailers to offload their existing leases, which contain upward only rent reviews clauses.

- The banks and Government are working on solutions to help householders who find themselves unable to meet mortgage repayments they agreed to in recent years when circumstances were very different.  There doesn’t seem to be any sympathy for retailers who likewise signed contracts to pay agreed rental levels but now find themselves unable to meet these payments.

- There is a lot of talk in the property industry of the market ‘fixing itself’. Surely retailers having to close down retail units and threaten job losses before a landlord caves in and agrees to reduce the rent does not demonstrate the market regulating itself effectively?

- Many landlords are just simply refusing to listen to the plight of the retailers.

- Surely a tenant, paying a lesser rent, is better than no tenant?

- Some landlords could be accused of trying to maintain headline rental levels in order to maximise valuations on assets that will ultimately be transferring to the NAMA vehicle.  



]]></description>
<pubDate>Thu, 11 Mar 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[SOME STABILISATION EMERGING IN THE IRISH COMMERCIAL PROPERTY MARKET ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4381]]></link>
<description><![CDATA[March 1st, 2010 Property consultants CB Richard Ellis today launched their latest bi-monthly assessment of conditions in the Irish commercial property market. The March 2010 update states that while conditions remain challenging in the property market, there are some encouraging signs of stabilisation emerging both in terms of rents and yields. ]]></description>
<pubDate>Mon, 01 Mar 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[EUROPEAN AND ASIAN OFFICE MARKET RENTS STABILISING  ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4378]]></link>
<description><![CDATA[Rental growth in London office market leads global recovery 


London / New York, 24 February 2010 – The effects of the economic crisis on demand for office space varied across the world’s major office markets in 2009, and there are now widespread differences in their rental characteristics, according to CB Richard Ellis’ (CBRE) new Global Office Rental Cycle report. Almost all real estate markets in Europe and Asia are now seeing rents falling at a slower rate and in some cases stabilising, a trend which is expected to continue as take-up improves and vacancy moderates in 2010. In contrast, most US office markets, with the exception of New York, are further back in the rental cycle and are likely to see further falls in rents.  

Please see PDF of full report attached below for chart ref: 
CBRE Global Rental Cycle, Q4 2009.

The global economic outlook for 2010 is more optimistic than last year and the world economy is expected to return to growth, according to CBRE’s report. This projected aggregate growth masks a varied pattern of recovery: the strongest growth is expected in Asia Pacific and the weakest in Europe. Despite this, London remains at the forefront of recovery in global office rents. The City of London surpassed expectations for the 2009 year-end by registering prime rents at £43.50 / sq ft / annum and rental growth of 3.5% in Q4 2009, defying forecasts that rents would remain stable.  

Ray Torto, Global Chief Economist, CBRE, said: “In Hong Kong and the West End of London, prime rents are thought to have reached the bottom of the cycle at the end of 2009 and are expected to remain stable or start to grow over the next few quarters.  Elsewhere across Europe and Asia, some markets continue to see rental falls, for example Paris and Singapore where rents fell by 4% and 10% respectively in the quarter.  However, we expect a general slowdown in rental declines as both occupier demand and vacancy rates start to show signs of stabilisation or even some improvement through 2010.”

Major North American markets continue to lag behind European and Asian counterparts, with CBRE expecting significant rental falls in many cities in 2010 in the face of modest demand.  Most notably, Toronto – where rents have fallen by 16% since June – is expected to see a decline in rents over the coming year, driven by increasing amounts of vacant space as tenants relocate to newer buildings.  

“The gap is widening between global office markets as local supply and demand factors are influencing the strength and shape of recovery.  Positive economic signs will emerge in 2010 and lead to improved occupier stability. However, overall global prospects remain patchy at present.  Demand for office space continues to lag the wider economy and many markets are likely to see further falls in employment before recovery firmly takes hold,” concluded Torto.

- ENDS -

For more commentary on global and regional trends, view the latest CB Richard Ellis’ research at: www.cbre.com 

About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue).  The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company for three years in a row. Please visit our Web site at www.cbre.com.
]]></description>
<pubDate>Fri, 26 Feb 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[CB RICHARD ELLIS APPOINTED AS PROPERTY ADVISOR TO ROYAL LIVER PROPERTY PORTFOLIO IN IRELAND]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4264]]></link>
<description><![CDATA[Property consultants CB Richard Ellis have been appointed as external property advisor to the extensive Irish property portfolio of Royal Liver.  The portfolio comprises a mix of retail, office and industrial property, mainly located in Dublin. The property consultants will provide portfolio valuations and general property advice, including letting, rent review, building surveying and strategic advice. 


Caroline McCarthy, Executive Director at CB Richard Ellis said, “The Royal Liver portfolio comprises an excellent mix of high quality prime buildings with substantial opportunities to enhance values through active asset management”

Peter Fane, Head of Property at Royal Liver said “Despite the difficulties that the Irish property market has faced in the last 18 months, we are committed to Ireland and feel that market conditions are now showing signs of stabilising. We hope to be active in the market during 2010”

  
ENDS

Caroline McCarthy
Executive Director
CB Richard Ellis
Caroline.mccarthy@cbre.com
Tel	00 353 1 6185719


Guy Hollis
Managing Director
CB Richard Ellis
Guy.hollis@cbre.com
Tel	00 353 1 6185560

About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue).  The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our Web site at www.cbre.com.
In Ireland, CB Richard Ellis is the country’s largest commercial real estate services company, now employing over 100 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, project management, consultancy, valuations and research. CB Richard Ellis Ireland has been listed among the top 50 Best Workplaces in Ireland, 2009, for the fifth year running. Please visit our website at www.cbre.ie ]]></description>
<pubDate>Wed, 10 Feb 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[EMEA Commentary on CB Richard Ellis Q4/2009 Financial Results]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4240]]></link>
<description><![CDATA["A robust final quarter concluded a strong performance in the EMEA region in 2009. Our reported normalised EBITDA margin was 9.0% - or 10.6% if you exclude reimbursables. This includes our investment in setting up more than 30 new corporate outsourcing and facilities management accounts won in 2009. To achieve operating margins at this level in the worst market conditions for decades is an extraordinary achievement and demonstrates the strength of our business model and the talent and commitment of our people."
 
 Mike Strong, Chairman and CEO of CB Richard Ellis, EMEA


]]></description>
<pubDate>Thu, 04 Feb 2010 00:00:00 GMT</pubDate>
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<item>
<title><![CDATA[ PACE OF DECLINE IN PROPERTY RETURNS EASING ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4193]]></link>
<description><![CDATA[Property consultants CB Richard Ellis today welcomed the publication of the most recent index of commercial property returns for the Irish market, produced by the Investment Property Databank in conjunction with the Society of Chartered Surveyors. The index indicates that while property returns in Ireland continued to decline in Q4 2009, the pace of decline has eased considerably in recent months as prime yields begin to stabilise.  The latest IPD figures confirm that while total returns for Irish commercial property for the 12 month period to December 2009 were down by an average of 23.3% (-25.4 for retail properties; -22.1% for office properties and -20.4% for industrial properties) the pace of decline eased considerably in the last quarter with total returns down 2.9% in the final quarter compared to more significant value declines in earlier quarters.   

According to Marie Hunt, Director of Research at CB Richard Ellis, “While commercial property returns are still in negative territory in the Irish market, the fact that the pace of decline is easing quarter-on-quarter is very encouraging, suggesting that we are through the worst of the downturn and that values are now showing signs of stabilising.  The UK property market has now experienced six consecutive months of positive property market returns and while the Irish market is lagging this recovery, it is encouraging that we now appear to be seeing the first signs of stabilisation emerging”. 
ENDS

Marie Hunt
Director – Research Department
CB Richard Ellis
Tel 00353 1 6185543
Marie.hunt@cbre.com

Guy Hollis
Managing Director
CB Richard Ellis
Guy.hollis@cbre.com
Tel	00 353 1 6185500

About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue).  The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our Web site at www.cbre.com. In Ireland, CB Richard Ellis is the country’s largest commercial real estate services company, now employing over 100 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, project management, consultancy, valuations and research. CB Richard Ellis Ireland has been listed among the top 50 Best Workplaces in Ireland, 2009, for the fifth year running. Please visit our website at www.cbre.ie 
]]></description>
<pubDate>Mon, 25 Jan 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[STRONG FINAL QUARTER CONFIRMS EUROPEAN PROPERTY INVESTMENT MARKET RECOVERY]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4147]]></link>
<description><![CDATA[17 of 26 European markets reported Q4 as having highest quarterly turnover in 2009

London, 18 January 2010 – CB Richard Ellis Group, Inc. announced today that European commercial real estate investment turnover grew to €25.7 billion in the fourth quarter (Q4) of 2009, up 42% on the previous quarter. This is the highest quarterly total since Lehman’s collapse, and a confirmation that the upturn in investor interest that started in the major European markets in mid-2009 has now spread further afield in the region. 
]]></description>
<pubDate>Mon, 18 Jan 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[STRONG END TO THE YEAR AS DUBLIN INDUSTRIAL TAKE-UP REACHES 53,000 SQUARE METRES IN Q4]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4151]]></link>
<description><![CDATA[According to CBRE’s latest Dublin Industrial Market View, the Dublin industrial market made a quarterly rebound in overall take-up (sales and letting activity) during Q4 2009, with 53,000m2 of lettings and sales recorded in the capital.  This brings total take-up for 2009 to more than 133,000m2 during a year when business activity was at record lows.  The activity recorded in Q4 2009 marks not only a doubling of lettings and sales on a quarterly basis, but a doubling of letting and sales activity compared to Q4 2008.   ]]></description>
<pubDate>Mon, 18 Jan 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[ANOTHER CHALLENGING YEAR AHEAD FOR THE IRISH COMMERCIAL PROPERTY MARKET ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4146]]></link>
<description><![CDATA[Property consultants CB Richard Ellis today launched their annual Outlook report - a comprehensive research document outlining predictions for all sectors of the property market in 2010.  The report examines the potential for performance in each sector of the commercial property market in Ireland as well as commenting on the prospects for the UK investment market over the next 12 months.

The report is cautious about prospects in many sectors of the Irish property market, stating that while 2009 marked the low point for the commercial property market in Ireland, it is premature to expect a rebound in activity in the market and 2010 will be another challenging year for the sector. In fact, the property consultants say that with sentiment and economic conditions weak and bank funding remaining severely restricted, it will likely be 2011 before conditions in the Irish property market improve to any noticeable degree. 

There was very little transactional activity recorded in the Irish investment market last year according to CB Richard Ellis. However, in the latter part of 2009, investor sentiment started to improve as prime yields showed signs of stabilising and a small number of transactions began to be negotiated.  In total, the value of open-market investment transactions in the Irish market during 2009 was approximately €92 million compared to the peak in 2006 when €3.3 billion was invested domestically by Irish investors. CB Richard Ellis says that investment property values have declined 60% from peak.  According to Marie Hunt, Director of Research at CB Richard Ellis, “Although we do not expect any notable improvement in liquidity over the next 12 months, investor sentiment has improved and investment turnover in 2010 should show an improvement on last year as a result of overseas interest and the emergence of some cash buyers.  However, the volume of transactions will continue to be constrained by the lack of quality assets being offered for sale and fears around the legislative change on upward only rent reviews, which will undoubtedly deter some investors”.   ]]></description>
<pubDate>Thu, 14 Jan 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[CB RICHARD ELLIS’ 2009 REVIEW AND 2010 OUTLOOK FOR COMMERCIAL REAL ESTATE IN EUROPE]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4117]]></link>
<description><![CDATA[Key commentary from CBRE’s new report – After the Storm: Where Next for European Property?
•	Background

December 2009 / January 2010

The economic aftermath of the collapse of Lehman in September 2008 has been well documented and continues to unfold. Against a background of extreme uncertainty, investment decisions froze and most of the world’s major economies entered recession. Unemployment has risen sharply across Europe and is still rising; stock markets, asset prices and business and consumer confidence tumbled, and even now the flow of credit to businesses remains patchy.]]></description>
<pubDate>Thu, 14 Jan 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[LARGEST COMMERCIAL LETTING IN THE IRISH MARKET FOR 2009]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=4028]]></link>
<description><![CDATA[Announced By Dublin Airport Authority (DAA)  

Dublin, 5th January 2010 – Dublin Airport Authority (DAA) today announced that they have leased Hangar 6 at Dublin Airport to Aer Lingus for a term of 20 years. 

]]></description>
<pubDate>Tue, 05 Jan 2010 00:00:00 GMT</pubDate>
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<title><![CDATA[PROPERTY SECTOR REACTION TO BUDGET 2010]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3971]]></link>
<description><![CDATA[December 9th 2009: Property consultants CB Richard Ellis this evening described today’s Budget as “tough but necessary” saying that while cuts to public sector pay, social welfare, children’s allowance as well as cuts to public and capital spending undoubtedly create huge challenges for many, the Government had little choice but to implement such measures in order to restore the public finances and improve Ireland’s reputation internationally.  
]]></description>
<pubDate>Wed, 09 Dec 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[PROPERTY CONSULTANTS DENOUNCE BAN ON UPWARD ONLY RENT REVIEWS]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3917]]></link>
<description><![CDATA[1st December 2009 Property consultants CB Richard Ellis have today denounced the decision by The Minister for Justice, Equality and Law Reform, Mr Dermot Ahern, TD, to sign legislation banning upwardly only rent review clauses in business leases. Earlier today, the Minister signed a banning order on upwardly only rent review clauses under section 132 of the Land and Conveyancing Law Reform Act.   The section will come into operation on 28 February 2010.

]]></description>
<pubDate>Tue, 01 Dec 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[HOTEL INDUSTRY FACES MAJOR CHALLENGES]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3898]]></link>
<description><![CDATA[We are fast approaching the end of what has been one of the toughest years on record for the Irish hotel industry. Figures recently released by the Central Statistics Office show a reduction of almost 600,000 visitors to Ireland in the first nine months of 2009, an 11.2% year-on-year decline.
  ]]></description>
<pubDate>Mon, 30 Nov 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[INDUSTRIAL RENTS AND VALUES APPEAR TO BE STABILISING]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3899]]></link>
<description><![CDATA[Without doubt 2009 has been a most challenging year for the industrial sector, with activity subdued compared to previous years.
]]></description>
<pubDate>Mon, 30 Nov 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[A YEAR PUBLICANS MIGHT WANT TO FORGET ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3901]]></link>
<description><![CDATA[Both examinerships and receiverships were two-a-penny in Dublin’s struggling pub trade during 2009
]]></description>
<pubDate>Mon, 30 Nov 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[SALE AND LEASEBACK: ATTRACTIVE OPTION FOR RAISING CAPITAL]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3846]]></link>
<description><![CDATA[According to a report just published by CBRE, corporate sale and leasebacks represent a viable, effective and competitive way of securing capital in an age when cash is all-important and the stigma of ‘selling off the family silver’ is a fast-retreating myth. ]]></description>
<pubDate>Sat, 21 Nov 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[30% OF GROCERY RETAILERS NAME IRELAND AS A TARGET OF FUTURE EXPANSION]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3847]]></link>
<description><![CDATA[Western Europe Dominates Top 10 Most Targeted Countries for Retailer Expansion

Germany has emerged as the number one target destination for retailers looking to expand their international presence in the Europe, Middle East and Africa (EMEA) region in 2010, according to new research from CB Richard Ellis. The report – How Active are Retailers in EMEA? – reveals that 47% of retailers surveyed as part of the research are targeting Germany for future expansion, followed by France, with 44%, and Spain with 36%. Ireland was identified as targeted for future expansion by 10% of retailers.  
]]></description>
<pubDate>Sat, 21 Nov 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[NAMA WINDFALL DEVELOPMENT TAX PLANS UNWORKABLE]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3843]]></link>
<description><![CDATA[Property consultants CB Richard Ellis today came out to question Government proposals to impose an 80% windfall tax on land re-zonings under the forthcoming NAMA legislation. ]]></description>
<pubDate>Fri, 20 Nov 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[CYCLICAL DIFFERENCES BECOMING MORE  EVIDENT ACROSS EUROPEAN OFFICE MARKETS ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3845]]></link>
<description><![CDATA[The European office market continued to display many of its recent traits in the third quarter - weak take-up, rising vacancy and falling rents - but with less deterioration on some aggregate measures, and more differentiation in trends across the main local markets.

Most notably the UK, having entered the downturn earlier and more steeply than most others, is beginning to show signs of improvement ahead of most other markets on a range of measures including take-up and rents.

In overall terms, European office take-up actually rose slightly in the third quarter, but is likely to show a decline of around 30% for the year as a whole.

Vacancy levels continue to rise in aggregate, although some markets recorded a reduction in the third quarter and others only a slight increase.  Spain and CEE are the main areas where sharp rises in vacancy are still evident.

The scope for further rises in vacancy depends partly on the future development pipeline.  Markets that are well advanced in the development cycle, such as London and Paris, will see marked reductions in new space delivery next year, in contrast to the key German markets.  The current marked weakness in new construction starts will produce a more generalised slowing in new supply from 2011.

Prime rents generally continue to see downward pressure, although the scale of decline this quarter was modest by recent standards.  Spain, Ireland and CEE are the areas still seeing the most acute downward pressure.  Some of the core Western European markets - including London, Paris and Frankfurt - are either stable or now seeing only modest reductions. 
 

Should you have any queries regarding this publication or require further information on this market please contact Richard Holberton

CB Richard Ellis
St Martin's Court
10 Paternoster Row
London
EC4M 7HP
DDI: +44 (0)20 7182 3348
research.enquiries@cbre.com

]]></description>
<pubDate>Thu, 19 Nov 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[MORE THAN HALF OF IRISH CEO’S EXPECT THE AVAILABILITY OF BANK FUNDING TO IMPROVE NEXT YEAR]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3838]]></link>
<description><![CDATA[According to the 12th annual survey of the Top 1,000 CEO’s in Ireland conducted by property consultants CB Richard Ellis, 53% of Irish chief executives expect bank funding for businesses and households to improve in 2010, which is encouraging. ]]></description>
<pubDate>Tue, 10 Nov 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[PROPERTY TAX – MANY ISSUES NEED TO BE CONSIDERED]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3315]]></link>
<description><![CDATA[At this stage, it is widely accepted that the Irish Government propose to introduce an annual tax on residential property on the back of a recommendation by the Commission on Taxation as one solution to help improve the deficit in Ireland’s public finances. ]]></description>
<pubDate>Mon, 10 Aug 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[DRAFT LEGISLATION FOR NAMA]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3287]]></link>
<description><![CDATA[Following months of intense speculation, the draft legislation for the creation of Ireland’s National Asset Management Agency, (NAMA) has now been released by the Department of Finance. The legislation will give the agency power to take over €60 billion of developer’s loans and a further €20 billion to €30 billion of borrowings on completed projects. ]]></description>
<pubDate>Thu, 30 Jul 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[DUBLIN OFFICE TAKE-UP AND DEMAND BOTH DOUBLED DURING SECOND QUARTER]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3279]]></link>
<description><![CDATA[According to CBRE’s latest Dublin Office Market View, the Dublin office market made a quarterly rebound in letting activity during Q2 2009, with 23,242m2 of take-up recorded in the capital. ]]></description>
<pubDate>Wed, 29 Jul 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[CBRE CASE SETTLES AND ALL ALLEGATIONS WITHDRAWN BY SEAN DUNNE]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3248]]></link>
<description><![CDATA[Dublin 24 July 2009 | CB Richard Ellis (“CBRE”) is pleased to announce settlement of case 200803370 S CB Richard Ellis versus Dunne. All allegations against CBRE have been formally withdrawn and outstanding fees due to CBRE will be paid.

Mr Guy Hollis, Managing Director of CBRE, commented, “CBRE is delighted with the outcome of this settlement. All unfounded allegations have been withdrawn which fully vindicates our position.”

ENDS

For further information please contact:

Guy Hollis
Managing Director, CBRE
Tel: +353 1 618 5500

Jonathan Neilan/Vicki Caplin
K Capital Source
Tel : +353 1 663 3600
Email: jneilan@kcapitalsource.com/
vcaplin@kcapitalsource.com]]></description>
<pubDate>Fri, 24 Jul 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[CB RICHARD ELLIS SELECTED BY PFIZER TO PROVIDE FACILITIES MANAGEMENT SERVICES FOR 10 EU OFFICES]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3214]]></link>
<description><![CDATA[London, 21 July 2009 – CB Richard Ellis Group, Inc (NYSE: CBG) has been selected by Pfizer Incorporated (NYSE: PFE), the world's largest research-based biomedical and pharmaceutical company, to provide facilities management services across 10 of Pfizer’s offices in nine European cities.]]></description>
<pubDate>Tue, 21 Jul 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[UPTURN IN EUROPEAN PROPERTY INVESTMENT ACTIVITY IN Q2 MATCHED BY STABILISING YIELDS]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3187]]></link>
<description><![CDATA[Turnover increased to €13b in Q2; All-property average yield up by just 2 bps]]></description>
<pubDate>Wed, 15 Jul 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[MIXED STORY FOR IRISH PROPERTY AT MID-YEAR POINT]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3109]]></link>
<description><![CDATA[Property consultants CB Richard Ellis today launched their mid-year property market update for 2009, which indicates that while the investment sector of the Irish property market is clearly showing signs of improvement, the occupier and development land sectors of the market continue to find conditions very challenging.  ]]></description>
<pubDate>Wed, 01 Jul 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[RISING PUBLIC DEBT ENCOURAGING SALES OF GOVERNMENT PROPERTY ASSETS ACROSS EUROPE]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3073]]></link>
<description><![CDATA[Several European governments reviewing scope for major property disposals.]]></description>
<pubDate>Tue, 23 Jun 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[IRISH RETAIL SECTOR CONTINUING TO FACE HUGE CHALLENGES]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3074]]></link>
<description><![CDATA[Property consultants CB Richard Ellis today released their latest report detailing trends in the Irish retail property sector for the first half of 2009.  According to the Retail MarketView publication, the first six months of 2009 have been extremely difficult for the Irish retail sector. Consumer confidence has deteriorated sharply, particularly considering the rise in unemployment since the beginning of the year and this is hampering retail sales activity.  Retail sales were down 8.2% in the year to March 2009 whilst the annual deterioration was 17.9% when motor sales are included. Interestingly, the deterioration in retail spending that has materialised in recent months has to date not been demonstrated in CB Richard Ellis’ pedestrian footfall counts on Dublin’s prime high streets, proving that consumers remain active although they are undoubtedly seeking out value and being more cautious generally.]]></description>
<pubDate>Tue, 23 Jun 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[BIGGEST INVESTMENT TRANSACTION IN 12 MONTHS CONCLUDED IN LONDON CITY]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=3013]]></link>
<description><![CDATA[The London Capital Markets team at CB Richard Ellis has sold a 75% interest in Hammerson’s Bishops Square development to the Oman Investment Fund (OIF) - the largest transaction completed in London's City investment market for over 12 months. The consideration for the property is £445 million and will now be held in a 75/25 joint venture between the OIF and Hammerson.  ]]></description>
<pubDate>Wed, 10 Jun 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[RETAILERS CONTINUE TO GLOBALISE DESPITE DOWNTURN]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2956]]></link>
<description><![CDATA[Strategic Locations at Heart of Retailers’ Expansion Plans

Retailers have continued to expand their global footprint during the past 12 months, strategically developing long-term growth plans despite the global economic slowdown and a rapid weakening in sentiment, according to the latest retail research from CB Richard Ellis,  the annual How Global is the Business of Retail? report. Retailers have continued not just to internationalise, but to globalise, with over 40% of all new openings during 2008 taking place outside the retailer’s home region.   ]]></description>
<pubDate>Thu, 21 May 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[PROPERTY SECTOR WELCOMES LATEST RATE CUT ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2879]]></link>
<description><![CDATA[Today’s latest decision by the European Central Bank (ECB) to cut its benchmark interest rate by a further 25 basis points to 1% was received positively by property consultants CB Richard Ellis, Ireland although they point out that rate cuts alone will not solve the property downturn that is currently being experienced.  ]]></description>
<pubDate>Thu, 07 May 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[CB RICHARD ELLIS NAMED TO THE FORTUNE 500 FOR 2nd STRAIGHT YEAR]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2819]]></link>
<description><![CDATA[Only Commercial Real Estate Services Firm on Prestigious List
 

Dublin, Ireland – April 23, 2009 – CB Richard Ellis Group, Inc. has been named to the FORTUNE 500 list of the largest U.S.-based companies for the second straight year. CB Richard Ellis is once again the only commercial real estate services firm to be included in the FORTUNE 500.
]]></description>
<pubDate>Thu, 23 Apr 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[RENTS FALLING AND YIELDS RISING]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2820]]></link>
<description><![CDATA[London, 23 April 2009 – CB Richard Ellis today announced the results of its Rent and Yield Indices for the first quarter of 2009, broadly reporting falling rents and rising yields across Europe. (see full report PDF below)

]]></description>
<pubDate>Thu, 23 Apr 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[UK REMAINS MOST INTERNATIONAL RETAIL MARKET IN THE WORLD]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2766]]></link>
<description><![CDATA[Global Retail Report Highlights Shifting Hierarchy in International Retail Markets

London, 14th April 2009 – The United Kingdom continues to lead the world as the most international retail market globally as Europe maintains its ability to attract the world’s top retailers, according to the latest retail research from CB Richard Ellis, the 2009 edition of the company’s annual How Global is the Business of Retail? report.]]></description>
<pubDate>Tue, 14 Apr 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[CB RICHARD ELLIS GROUP, INC.NAMED A BUSINESSWEEK 50 BEST PERFORMER FOR THE THIRD YEAR IN A ROW  ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2751]]></link>
<description><![CDATA[London, 7 April 2009 – CB Richard Ellis (CBRE) has been named to the BusinessWeek 50 – that publication’s list of best performers across all industries – for the third year in a row. BusinessWeek annually selects 50 best-in-class companies that represent the top performers in each of the 10 industry sectors that comprise the Standard & Poors 500. CBRE was ranked #25 on the 2009 list, and is the only commercial real estate company to earn a place on this year’s BusinessWeek 50.]]></description>
<pubDate>Tue, 07 Apr 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[OCCUPIER COST-CUTTING RAISES STAKES FOR BEST QUALITY INDUSTRIAL AND LOGISTICS SPACE ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2684]]></link>
<description><![CDATA[A TWO-TIER INDUSTRIAL AND LOGISTICS MARKET  EMERGES ACROSS EUROPE

London, 25 March 2009 – Demand patterns for industrial and logistics property are increasingly being driven by the need for occupiers to cut operating costs and increase building efficiencies, according to a new market report by CB Richard Ellis. Against a backdrop of weakening demand for their products and services, occupiers are rationalising their use of space, seeking to restructure leases, sub-let excess space or upgrade to better premises that will enhance overall business operating efficiency.

]]></description>
<pubDate>Thu, 26 Mar 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[Property Consultants CB Richard Ellis Maintains Its Ranking Amongst The Top 50 Best Workplaces ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2650]]></link>
<description><![CDATA[Dublin, 19th March  2009 - For the fifth year running, property consultants CB Richard Ellis is officially one of the ‘50 Best Workplaces in Ireland’  according to a detailed assessment by the Great Place to Work® Institute Ireland.]]></description>
<pubDate>Thu, 19 Mar 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[ECB RATE CUT: LACK OF FUNDING CONTINUES TO FRUSTRATE COMMERCIAL PROPERTY RECOVERY]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2549]]></link>
<description><![CDATA[Today’s latest decisions by the European Central Bank (ECB) and the Bank of England to cut their benchmark interest rates by 50 basis points to 1.5% and 0.5%, respectively, were received positively by CB Richard Ellis, Ireland.  These most recent rate cut continue one of the few encouraging trends in commercial property after the investment market was brought to a virtual standstill by the effects of the credit crunch and banking crisis in 2008.  However, in the absence of actual funding to support transactions, interest rate movements have had little impact on transactional levels.  ]]></description>
<pubDate>Thu, 05 Mar 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[HISTORIC NAMBARRIE TEA FACILITY PUT UP FOR SALE]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2548]]></link>
<description><![CDATA[The Belfast office of CB Richard Ellis have been instructed by Associated British Foods plc to market the former Nambarrie Tea facility in Belfast city centre.]]></description>
<pubDate>Thu, 05 Mar 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[CBRE BELFAST ANNOUNCE A NUMBER OF LETTINGS AT BUILDING 1 THE CONCOURSE]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2490]]></link>
<description><![CDATA[Despite difficult market conditions CB Richard Ellis Belfast together with joint agent Osborne King have recently concluded a number of deals at Building 1, The Concourse. Northern Ireland Science Park.]]></description>
<pubDate>Tue, 24 Feb 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[WIDESPREAD YIELD INCREASES ACROSS EMEA IN THE FOURTH QUARTER OF 2008 REFLECT WEAKER OUTLOOK FOR RENT]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2317]]></link>
<description><![CDATA[London – January 9th 2009 – The re-pricing that has been a recent feature of Europe Middle East and Africa (EMEA) markets continued in the fourth quarter of 2008. Yields in the office, retail and industrial sectors have all now risen 100 basis points or more since mid-2007. ]]></description>
<pubDate>Fri, 09 Jan 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[CHALLENGING TIMES AHEAD FOR THE PROPERTY MARKET ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2315]]></link>
<description><![CDATA[Property consultants CB Richard Ellis today launched their annual Outlook report - a comprehensive research document outlining predictions for all sectors of the Irish property market in 2009.  The report examines the potential for performance in each sector of the commercial property market in Ireland as well as commenting on the prospects for the UK investment market over the next 12 months.  ]]></description>
<pubDate>Thu, 08 Jan 2009 00:00:00 GMT</pubDate>
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<title><![CDATA[95% OF IRISH CEO’S ARE LESS OPTIMISTIC ABOUT IRELAND’S SHORT-TERM ECONOMIC PROSPECTS ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=2173]]></link>
<description><![CDATA[According to the 11th annual survey of the Top 1,000 CEO’s in Ireland conducted by property consultants CB Richard Ellis, 95% of Irish chief executives say they are less optimistic about Irish economic prospects in the short to medium term than they were 12 months ago.  ]]></description>
<pubDate>Fri, 28 Nov 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[COMMERCIAL PROPERTY SECTOR WELCOMES BUDGET 2009]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1928]]></link>
<description><![CDATA[October 14th 2008. Property consultants CB Richard Ellis this evening generally welcomed today’s Budget saying that it was a very tough but prudent budget that will help sustain and stabilise the economy in the medium term]]></description>
<pubDate>Tue, 14 Oct 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[All Property capital values fell a further 2.1 percent in August, 11.2 percent in the year-to-date ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1784]]></link>
<description><![CDATA[All Property equivalent yield now 7.2%, up 80 basis points in 2008 alone]]></description>
<pubDate>Mon, 08 Sep 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[Lease Of Ba Mizu Cafe for Sale]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1751]]></link>
<description><![CDATA[Dublin – 29 August 2008 - The opportunity to acquire a popular licensed premises located in a prime city centre location has arisen with the announcement that Ba Mizu Café Bar, Powerscourt Townhouse Centre is for sale by Private Treaty through licensed specialists CB Richard Ellis.]]></description>
<pubDate>Fri, 29 Aug 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[Irish Commercial Property Market Values Have Further To Fall]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1744]]></link>
<description><![CDATA[Property consultants CB Richard Ellis say that commercial property values in Ireland have further to fall before transactional activity will improve.  According to their Irish Capital Markets Market View report for Q3 2008, which is being released tomorrow, the property investment market in Ireland has come to a virtual standstill in recent months with only limited appetite for properties currently being offered for sale. ]]></description>
<pubDate>Sun, 24 Aug 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[Dublin Industrial Property Market Remains Stable]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1246]]></link>
<description><![CDATA[The Dublin industrial property market continues to perform strongly, regardless of wider economic concerns, according to research from CB Richard Ellis. Transactional activity in the industrial occupier market remains buoyant with approximately 60,000m2 of industrial accommodation being transacted in the Dublin market during the first quarter of 2008, 75% being lettings, according to their Q1 Dublin Industrial Market View publication.]]></description>
<pubDate>Wed, 23 Apr 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[CB Richard Ellis joins the FORTUNE 500]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1245]]></link>
<description><![CDATA[CB Richard Ellis Group, Inc. has been named to the FORTUNE 500 list of the largest American companies, debuting at number 404 on the 2008 list. CB Richard Ellis is the first commercial real estate services firm to be included in the FORTUNE 500.]]></description>
<pubDate>Tue, 22 Apr 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[Dublin Office Sector in Good Shape]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1231]]></link>
<description><![CDATA[Property consultants CB Richard Ellis this week launched their latest research report on the Dublin office sector, which concludes that despite the fact that the investment and development sectors of the commercial property market remain stagnant as a result of a lack of funding, the occupier sectors continue to perform strongly and the office sector in particular, is in good shape.]]></description>
<pubDate>Fri, 18 Apr 2008 00:00:00 GMT</pubDate>
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<item>
<title><![CDATA[Retail Sector becoming more Competitive]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1230]]></link>
<description><![CDATA[Property consultants CB Richard Ellis this week launched their latest property research report on the Irish retail property market, which concludes that conditions in the Irish retail sector continue to become more competitive, a point borne out by recent pedestrian footfall studies, which show a deterioration in shopper numbers on many of Ireland’s prime shopping streets, compared to this time last year. ]]></description>
<pubDate>Fri, 18 Apr 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[CB Richard Ellis named ‘Best Company to Work for in Ireland' in 100 - 250 Employee Category   ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1227]]></link>
<description><![CDATA[For the fourth year running, property consultants CB Richard Ellis is officially one of the ‘50 Best Companies to Work for in Ireland’  according to a detailed assessment by the Great Place to Work® Institute Ireland. Further to this, CB Richard Ellis was for the second time listed in the Top 10 Companies in Ireland and actually named the ‘Best company to work for in Ireland’ in the 100 to 250 employee number category.]]></description>
<pubDate>Thu, 17 Apr 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[“Back to Basics”- Property Fundamentals Will Dominate in 2008]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1228]]></link>
<description><![CDATA[Press Release Date: 28 Feb 2008

Property consultants CB Richard Ellis this morning hosted their annual European investment property briefing at which they discussed prevailing trends in the European property market, focussing specifically on activity and opportunities in the UK and German markets.
]]></description>
<pubDate>Thu, 17 Apr 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[ CB Richard Ellis Group, inc. Named A BusinessWeek 50 Best Performer For Second Straight Year]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1162]]></link>
<description><![CDATA[  CB Richard Ellis Group, Inc. has been named to the  BusinessWeek 50—that publication’s list of best performers across all industries—for the second straight year. BusinessWeek selects 50 best-in-class companies that the magazine says represent the star performers in each of the ten sectors that make up the S&P 500. CBRE was ranked #11 on the 2008 BusinessWeek 50, up from 16th place last year.

]]></description>
<pubDate>Thu, 03 Apr 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[Hirst receives Lifetime Achievement Award at International Hotel Investment Forum]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1111]]></link>
<description><![CDATA[At the 11th annual International Hotel Investment Forum held in Berlin from the 3rd to the 5th March, Michael Hirst OBE, Consultant to CBRE Hotels and former Chairman and Chief Executive Officer of Hilton International received the prestigious Lifetime Achievement Award.]]></description>
<pubDate>Fri, 07 Mar 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[Construction Commences at Quartz Point ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1107]]></link>
<description><![CDATA[Construction has kicked-off at Quartz Point Business Park – Maximus’ new £9 million office development in Solihull. CB Richard Ellis and KWB have been appointed as joint agents.]]></description>
<pubDate>Thu, 06 Mar 2008 00:00:00 GMT</pubDate>
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<title><![CDATA[CB Richard Ellis are nominated for several Irish Property Awards ]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1023]]></link>
<description><![CDATA[]]></description>
<pubDate>Tue, 12 Feb 2008 00:00:00 GMT</pubDate>
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<item>
<title><![CDATA[Estate Gazette Property Award Winner 2007!]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=1022]]></link>
<description><![CDATA[]]></description>
<pubDate>Tue, 12 Feb 2008 00:00:00 GMT</pubDate>
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<item>
<title><![CDATA[Outlook 2008 Report Launched - Press Release]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=940]]></link>
<description><![CDATA[CHALLENGING TIMES AHEAD FOR SOME SECTORS OF THE
PROPERTY MARKET]]></description>
<pubDate>Mon, 28 Jan 2008 00:00:00 GMT</pubDate>
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<item>
<title><![CDATA[CB Richard Ellis No.1 brokerage firm in Real Estate Forum 100]]></title>
<link><![CDATA[http://www.cbre.ie/ie_en/news_events/news_detail?p_id=844]]></link>
<description><![CDATA[CB Richard Ellis is the #1 brokerage firm in commercial real estate, according to a new ranking of the industry’s top 100 companies in Real Estate Forum’s November 2007 issue.]]></description>
<pubDate>Mon, 03 Dec 2007 00:00:00 GMT</pubDate>
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