Retail property development slowed down in 1H 2014
Retail market was the most sensitive to macroeconomic challenges in direct response to contraction of consumer demand. Consumer sentiment demonstrated a downward trend suffering from ongoing tensions in the East along with fundamental economic problems. The annual volume of organized retail turnover weakened markedly over January – May 2014 for the first time since 2009, having decreased by 5.7% y-o-y in Kyiv. Read more
17 06 2014
ICSC Ukraine Research Group started classification process of shopping centers in Ukraine
In May 2014 ICSC Ukraine Research Group, which consists of experts from leading companies of developers and consultants: JLL, CBRE, Colliers, group of companies «Budhouse» and Immochan, headed by Dmytro Topolskov – director of Ukrainian Research Bureau, representative of group of companies «Budhouse», started its work on the classification of shopping centres in Ukraine. Read more
06 06 2014
Paris is the world’s ‘hottest’ retail market
Paris is the world’s hottest global retail market attracting 50 new brands last year, while France is ranked as the leading country for new entrants, according to the latest edition of How Global is the Business of Retail by global property advisor CBRE. Read more
10 04 2014
Global shopping centre development rises to 39 million sq m
A total of 39 million square metres (sq m) of shopping centre space is currently under construction across the world’s major cities, representing a three million sq m increase from 2013, according to the latest research from global property advisor CBRE.
The development activity of shopping centre space around the world is focused in China. Indeed, more than half of the shopping centre space under construction in the 180 countries surveyed is taking place within China’s borders. Shanghai takes first position with 3.3 million sq m of space under construction – more than the combined total of all 86 European cities excluding those in Russia and Turkey. Just behind Shanghai is Chengdu with 3.2 million sq m followed by Shenzhen and Tianjin with 2.7 million sq m and 2.5 million sq m under construction respectively.
Other markets in the top ten include Istanbul, Wuhan, Moscow, Beijing, Nanjing, and Guangzhou.
28 03 2014
‘MIPIM MOOD’ IS OVERWHELMINGLY POSITIVE AS BULLS RETURN
The mood at MIPIM 2014 was overwhelmingly positive with 85% of property professionals declaring that they are feeling ‘bullish’ about the European commercial real estate market, according to a recent opinion poll by global property advisor CBRE.
CBRE surveyed more than 300 property professionals at MIPIM 2014 - the world's biggest property forum held in Cannes - to discover current sentiment in the European commercial real estate market. The survey reveals that of the respondents polled the majority are feeling ‘bullish’ about the European commercial real estate market in 2014. This sentiment compares favourably with 2013, with more than three quarters (77%) describing their current mood as either ‘more positive’ or ‘about the same’ as last year.
19 08 2014
CBRE Hotels Sell Prestigious Fairmont St Andrews Golf Resort At Scotland’s “Home Of Golf”
CBRE Hotels is pleased to confirm that the Fairmont St Andrews Hotel and Golf Resort, Scotland, has been sold for approximately £32.4m to Kennedy Wilson Europe Real Estate Plc. Read more
14 08 2014
CBRE Hotels Advises on Sale of Hilton Frankfurt
CBRE Hotels, acting on behalf of the owner of the Hilton Frankfurt City Centre hotel, has advised on the sale to new investors specialising in the luxury hospitality sector. The lease with Hilton remains in place. Read more