PRESS RELEASE
Q1 INVESTMENT INTO EUROPE REACHES THIRD
HIGHEST FIRST QUARTER LEVEL ON RECORD
- Industrial sector has record first quarter Vienna, 6 June 2016 – Investment into European real estate for the first quarter of 2016 reached
€50.7 billion. With investment levels significantly above the ten year average of €43 billion, Q1
2016 was the third best first quarter on record, surpassed only twice before, in 2007 and 2015.
Finland, the Netherlands, Portugal, Belgium and Russia all had strong first quarters. Finland had
its best quarter since Q1 2008 with €1.8 billion invested, a 214% uplift compared to Q1 2015. The
Netherlands recorded €2.1 billion of investment, a 75% increase compared to the same quarter in
2015, and Portugal and Belgium also saw strong levels of investment with year-on-year increases
of 158% and 31% respectively. In Russia, following a quiet couple of years, the market picked up
and Q1 2016 investment volumes grew by 177% year-on-year, driven largely by domestic buyers
attracted by keen pricing and rents which appear to have bottomed out.
A number of factors, including equity market volatility and lack of available prime assets helped to
slightly mute investment into French and German markets as well as the UK, which has
contended with Brexit uncertainty
At a sector level, industrial property attracted €5.8 billion of investment, its best first quarter on
record, up 57% on Q1 2015. Compared to other sectors, investment into industrial assets in Q1
made up 11.5% of the total investment into European commercial real estate. This is almost
double (6%) when compared to the same quarter in 2015.
Jonathan Hull, managing director of Investment Properties, EMEA at CBRE, commented:
“European commercial real estate continues to attract strong levels of interest, despite macroeconomic uncertainty in some markets, and there is a significant weight of capital, both domestic
and international, still looking to enter the market. The prevailing trend is slightly less opportunistic
than we have seen in previous quarters and demand is very much focused around quality income
and core assets.”
CBRE Press Release
ENDS
CONTACT:
Name: Rebecca Allen
Tel:+44 (02)20 7182 3727
Email:[email protected]
Follow CBRE on Twitter: @CBRE_EMEA
CBRE Press Release
About CBRE Group, Inc.
CBRE 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 and investment firm (in terms of 2015 revenue). The
Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors
and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE 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. Please visit our website at www.cbre.com.