The first quarter of 2021 halted five consecutive quarters of decline in the London office market, with activity in the occupier market rebounding significantly to stand at 1.3 million sq ft, following a robust March.
The Prime Central London (PCL) residential property market experienced the lowest volume of annual sales transactions on record in 2020.
Food company and Pringles parent company, Kellogg Europe, has invested a total of EUR140 million in its European Pringles factories since November 2019, including EUR110 million in its Kutno, Poland plant and EUR30 million in its Mechelen, Belgium facility.
BNP Paribas Real Estate has identified a UK wide ‘top 10 list’ of highly desirable green places to live and work outside of the capital. The university city of Cambridge tops the list followed by Milton Keynes, Glasgow, Exeter, Bristol, Dundee, Reading, Leeds, Edinburgh and finally Newcastle completing the top 10.
A total real estate investment volume of EUR290 million was transacted in the Czech Republic during the first quarter of 2021, according to Savills latest research. Without the exceptional EUR1.3 billion Residomo portfolio sale transaction, the investment volume was only down by 8 per cent year-on-year.
According to Savills, the food sector is becoming the new core in retail property investment. Last year, for the first time, investments in supermarkets, hypermarkets and food discount stores accounted for a record 21 per cent of total European retail activity, up from a five-year average of 7 per cent. Despite the decline of retail sales growth in 2020 (from 3.9 per cent in 2019 to 1.7 per cent in 2020), food and grocery sales increased by 7.5 per cent, and are expected to continue to rise by 2.2 per cent per annum over the next five years.
The average number of new prospective tenants registered per ARLA Propertymark branch continued to rise in March to 84, from February’s figure of 82. This is the third month in a row where the number of new prospective tenants has increased.
Shaftesbury, a Real Estate Investment Trust which invests exclusively in the liveliest parts of London's West End, has seen footfall return to 86 per cent of the peak in December in 2020, just before London was placed into the third lockdown.
A rapid rise in the number of electric vehicles (EVs) in Scotland presents an opportunity for the country’s property sector to contribute to the national drive for net zero and revive the hard-pressed retail sector, according to the latest research from Knight Frank.
Despite the outbreak of the Covid-19 pandemic, global real estate investment managers raised at least EUR123 billion (USD150.7 billion) of new capital for non-listed real estate in 2020, according to the Capital Raising Survey 2021, published by ANREV, INREV and NCREIF.
The industrial and logistics sector has seen continued strong momentum while large scale office transactions have slowed in European investment volumes, as many countries saw overall activity halve in comparison to Q1 2020, notes Colliers in its latest EMEA Markets Snapshot Capital Markets Q1 2021.
According to a recent report from Savills, an additional 8.6 million sq m of warehouse space is required by parcel companies in Europe between 2021 and 2025 to keep up with growing ecommerce demand.
