Q RESEARCH. Real Estate for a changing world
|
|
- Roberta Hunter
- 6 years ago
- Views:
Transcription
1 CENTRAL LONDON OFFICE MARKET UPDATE Q RESEARCH Real Estate for a changing world
2 CENTRAL LONDON OFFICE MARKET UPDATE CONTACTS Brexit & the economy of average levels. Conversely, deals Investment Daniel Bayley Head of City Agency +44 (0) STATS AT A GLANCE Over the coming year the Banking & Finance sector will be paying close attention to negotiations concerning its access to European financial markets. The topic has dominated of <5,000 sq ft were 50% below the average. Despite pressures of increased tenant space (26% of total supply) London, on a global stage remains attractive, 81% of the total 15.33bn invested in Central London offices originated from overseas in Asia Pacific investors continue to drive SImon Knights Head of West End Agency simon.knights@realestate. +44 (0) BN 81% news headlines since the EU referendum. Estimates for the number of job relocations from financial institutions to other European cities have largely reduced; it is not the and 8.03m sq ft of 2017 development completions, the vacancy rate rose only marginally by 43bps last year to 6.15%. Good levels of pre-letting activity were partly behind this, as at volumes with 7.47bn invested over the course of Unlike UK investors, the uncertainty surrounding Brexit negotiations seem Aidan Meynell Head of City Investment aidan.meynell@realestate. +44 (0) office investment volumes are 15% ahead of 2016 of capital originated from overseas mass exodus some predicted. Furthermore, major banks have reaffirmed their commitment to Central London over the last year; Deutsche Bank s half a million sq ft end Q % of 2017 completions were pre-let. With landlords generally unwilling to increase incentives further, prime s in the majority of Central to be low on the list of risk factors for overseas purchasers, who see Central London as low risk and providing long income in comparison to other global cites. Simon Glenn Head of West End Investment simon.glenn@realestate. +44 (0) Kuldeep Gadhary Research kuldeep.gadhary@realestate. +44 (0) % Central London 2017 vacancy rate, 43bps up on Q % Tenant space accounts for over a quarter of total availability, up from 17% in Q pre-let at 21 Moorfields and Goldman Sachs commitment to its 800,000 sq ft HQ (which completes this year), are good examples. In this uncertain climate, the Central London office market has performed resiliently over the last 12 months. Forecasts point to continued, albeit at a slower rate. Oxford London markets reported annual declines. Competition from large occupiers contributed to the softer falls witnessed in prime s in the City and Midtown. The submarkets of Paddington and NOX (East) reported rises which has upheld average s across the West End. Q prime s stood at /sq ft in the West End and 67.50/ sq ft in the City. Buoyed by demand, yields for prime stock remain at 4.00% in the City and 3.50% in the West End. Fiona Don Research fiona.don@realestate. 12.7M 14% Economics suggest employment of 5.8% and GDP of 10.4% over the next five years ( (0) take-up is 11% ahead of 2016 Serviced offices accounted for a record share of take-up in ), outperforming the UK and the wider Eurozone. Leasing 2017 saw strong levels of occupier activity with 12.68m sq ft recorded, 11% ahead of 2016 and 2% ahead of the 10 year average. Large corporate occupiers drove demand with small to medium sized businesses remaining cautious. Indeed >100,000 sq ft deals were 55% ahead 3
3 CENTRAL LONDON OFFICE RENTS & VACANCY RATES BY SUBMARKET CENTRAL LONDON OFFICE MARKET UPDATE k t London The Central London vacancy rate rose over the course of 2017 to 6.15%, this however is below the long term average of 7.04%. Docklands is the only submarket with above average levels of vacancy at 10.11%, up on the average of 7.27%. Midtown, Southbank and the Northern Fringe all saw supply declines in Their low exposure to the Banking & Finance sector has certainly shielded them from tenant return space. key stats can go here Hammersmith Shepherd s Bush Second-hand tenant space continues to rise, reaching 3.58m sq ft, 26% of total supply, up on 24% in Q The development pipeline looks relatively modest will see 8.5m sq ft complete, 53% of which is already prelet. Over the next three years ( ) we estimate space under construction totals 16m sq ft, of which 42% is already committed. MIDTOWN WEST END NORTHERN FRINGE Vacancy rate: 5.04% Vacancy rate: 4.84% Vacancy rate: 1.61% Average: 6.09% Average: 5.85% Average: 7.96% Covent Garden % Mayfair & St % King s Cross % Holborn % James s Northern Victoria % Islington Soho % Fringe Noho East % Noho West % CITY Paddington % King s Cross St Pancras Vacancy rate: 7.19% Average: 8.28% Midtown Paddington Knightsbridge Chelsea West End Bond Street Mayfair Buckingham Palace Victoria Soho Westminster Holborn Covent Garden The Silicon Roundabout South Bank Nine Elms Battersea Power Station City London Bridge City Fringe Bank The Shard SOUTHBANK Vacancy rate: 2.58% Average: 5.16% Southbank % City % City Fringe % City Tower % STRATFORD Vacancy rate: 12.97% Stratford % Stratford Docklands Canary Wharf DOCKLANDS Vacancy rate: 10.11% Average: 7.27% Canary % Wharf Rest of Docklands % Stratford The O2 5
4 THE WEST END (W1, SW1, W2, SW3, SW7, W8, NW1) THE CITY (E1, EC1, EC2, EC3, EC4) CENTRAL LONDON OFFICE MARKET UPDATE West End take-up in Q rose considerably from levels in previous West End supply has remained steady throughout 2017 at 3.25m sq ft. as evidenced by lettings to Arup and Boston Consulting at 80 Charlotte Q take-up reached 1.43m sq ft, down on the previous quarter but in-line with the long term average quarterly figure. This brings 2017 City take-up by business sector quarters to 1.01m sq ft, the highest However, this registers a considerable Street, W1. take-up to 5.89m sq ft, 30% ahead of Services Sector 9% Banking & Finance 18% quarterly take-up recorded since Q The rise can largely be attributed to Dentsu Aegis taking 310,000 sq ft at 1 Triton Square, NW1 drop on the 10-year average of 4.0m sq ft. The West End vacancy rate was 4.84% in Q4 2017, a drop on the 5.89% 10-year average. West End prime s have shown some decline over the course of the year and are expected to decline The largest deal of Q was 116,000 sq ft at One Creechurch Place, EC3 to Hyperion Insurance. Deals in excess of 100,000 sq ft were a key feature of the market in 2017; in total eight were recorded, up on the Serviced Office 15% Retailer & Leisure 4% Public Sector 1% Corporate 5% Insurance 5% and WeWork acquiring 41,933 sq ft at WELPUT s North West House, NW1. The significant end to the year has Within the West End submarkets, Victoria and North of Oxford Street further going forward as Brexit uncertainty continues to prevail. Over a longer time frame, s will average of five per annum. Media Tech and the Banking & Finance sectors both account for an 18% Property & Construction 6% Professional services 10% Other/Undisclosed 9% Media Tech 18% taken the final 2017 take-up levels to (West) recorded the largest rises stabilise with al returning share of demand. Serviced Offices continue their expansion in the City. 3.12m sq ft, a 25% rise on 2016 levels in vacancy of 78 bps and 75 bps, by In particular WeWork who acquired multiple buildings in 2017 including and largely in line with the 10-year average of 3.18m sq ft. respectively. Q saw a slight rise in office One Poultry, EC2. The building is in the heart of the traditional City core, which may help attract Banking & Finance occupiers who are seeking City prime s held steady in Q4 In terms of new development, the investment volumes with 408m more flexible lease terms. Within the West End Core (Mayfair & St James s), take-up from 2016 to 2017 rose 21% to 0.75m sq ft, a slight decline on the short and long-term West End is scheduled to see around 0.45m sq ft delivered in Q1 and Q2 2018, of which 72% remains available. Looking forward, larger developments recorded, up from 262m in Q This brings annual volumes for the year to 3.98bn, a 2% rise on Whilst the average lease length in the City remained steady in 2017, the number of leases signed with break options increased from 25% in 2016 to 32%, indicative of occupiers requiring more flexibility. The of / per sq ft Q4 prime averages of 0.84m and 0.86m sq ft respectively. including The Brunel Building and Marble Arch Tower are projected to boost supply levels. We expect Facebook s headquarters at Rathbone Square was the largest sale of 2017, selling for 435m reflecting a NIY of Serviced Offices will continue to put pressure on lease lengths. Despite pressure from the development pipeline and increased volume of City under construction development pipeline demand for new space to remain high 4.25%. tenant supply, availability levels saw little movement in Q4 and stood at 6.64m sq ft, a vacancy rate of 7.19%. The long term average City vacancy 6.00 Completed Future supply Pre-let Long-term avg rate is 8.28% West End Take-Up Vs Vacancy Rate Million sq ft Quarterly take-up Vacancy Rate 12.00% 10.00% 8.00% 6.00% The Media Tech sector took the lead for 2017 take-up levels 19% Media Tech Sector 2017 take-up share 2018 will mark a peak in development activity in the City, 5.14m sq ft is due to complete. With occupier preference skewed towards newly developed and refurbished space we expect pre-lets to diminish this new stock. Indeed, 48% of this space is already committed. Uncharacteristically for the City office market, Q4 investment volumes did not end in the usual flurry of activity, seeing levels of 1.86bn. This however brings annual levels to 7.82bn in 2017, 15% ahead of 2016 levels and 25% ahead of the 10 year average. M sq ft Capital deployed by Asia Pacific investors in to City office in Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q % 2.00% 0.00% West End prime s saw softening in Q / per sq ft Q4 prime Despite Asia Pacific investors dominating volumes, the City office market remains popular on a global stage. Union Investment purchased 160 Aldersgate, EC1 for 220m in Q pushing investment from the Eurozone to 16% of total 2017 volumes. WeWork s acquisition of Devonshire Square, EC2 for 580m helped boost North American investors overall share to 13%. 4.44BN The region accounts for 57% of 2017 City office investment volumes 7
5 CENTRAL LONDON OFFICE MARKET UPDATE MIDTOWN (WC1, WC2) Q DEALS TABLES Take-up reached 0.30m sq ft in Q4 The Midtown vacancy rate totalled Investment volumes in the Midtown Key leasing deals 2017, a significant fall on the last two quarters. A lack of larger deals 5.04% in Q4 2017, a decline on the Q figure of 7.52%. market fell slightly from 1.48bn in 2016 to 1.14bn in Address (Floor) Sq Ft Approx (psf) Term (Break) Tenant Landlord contributed to low take-up levels. 1 Triton Square, NW1 (Bldg) 310,000 Early 70 s 20 Years Dentsu Aegis British Land The largest deal of the quarter was 49,212 sq ft at the Cursitor Building, WC2 which was acquired by WeWork. Despite this, annual levels reached 1.87m sq ft, a strong rise on 2016 s total of 0.89m sq ft. Supply levels in Midtown rose to Development activity remains relatively subdued with only 0.58m sq ft of space proposed in 2018, of which 0.10m sq ft is prelet. The Media Tech sector accounted for 36% of take-up in 2017 making it the most dominant sector, followed by Good levels of demand and a subdued development pipeline has resulted in a significant fall in supply -247bps Q to Q fall in vacancy rate 14 Westfield Avenue, E15 (Bldg) 240,000 Late 30 s 25 Years HMRC Westfield One Creechurch Place, EC3 (11-17) 97, Years Hyperion Helical One Poultry, EC2 (Bldg) 115, Years WeWork Aermont Capital 125 London Wall, EC2 (12-18) 112, Years Lloyds Bank CMS One Embassy Gardens, SW8 (1-5) 83, Years Penguin Random House Ballymore 1.05m sq ft during Q from 0.91m sq ft in Q but dropped from 1.49m sq ft in Q The long-term average supply level is 1.37m sq ft. Serviced Offices at 13%. Rents, having previously remained stable, have begun a slight decline with levels falling in the Covent Garden and Holborn submarkets during Q3 and Q on selected Take-up from 2016 to 2017 more than doubled reaching 1.87m sqft. +110% The percentage rise in take-up from 2016 to Finsbury Pavement, EC2 (Bldg) 74,502 Conf 15 Years WeWork RLAM Thames House, Park St, SE1 (Bldg) 49,693 Conf Conf The Office Group Meyer Bergman The Cursitor Building, WC2 (1-5) 49, Years WeWork SWIP One Creechurch Place, EC3 (1-2) 23, Years Dell Helical buildings. SOUTHBANK (SE1) Address Lot Size Capital Value Yield Purchaser Vendor Key investment deals Southbank take-up reached 0.27m sq ft in Q4 2017, a 179% rise on Q %, one of the lowest levels across Central London. 266m acquisition of 240 Blackfriars Road provided a significant boost to Devonshire Square Estate, EC2 580m % WeWork Blackstone during which take-up was 0.10m sq ft. figures achieving a NIY of 3.94% 15 Canada Square, E14 400m % Kingboard KPMG On an annual basis, Southbank take- A period of muted development activity has led to a significant reduction in 5 Churchill Place, E14 268m % Chen Hongtian Said Holdings up reached 0.95m sq ft in 2017, 11% up on The largest deal of the quarter was at Thames House, Park available space in Southbank. Supply levels average 1.00m sq ft meaning cur levels are around 50% below Larger deals contributed to a rise in take-up levels in Southbank 240 Blackfriars Road, SE m 1, % Al Gurg GPE 25 Gresham Street, EC2 160m 1, % Hengli Group Lloyds Bank Street, SE1 where The Office Group prelet 50,000 sq ft. the long-term trend. +11% 10 Grosvenor Street, W1 152m 2, % Private (Hong Kong) Grosvenor Large deals to Serviced Office operators like The Office Group and WeWork meant the sector accounted for 39% of total take-up last year. Supply at year-end stood at 0.50m sq ft, equating to a vacancy rate of The low vacancy rate has caused upward pressure on prime s. As at Q they stood at 65.00/sq ft, up from 63.00/ sq ft in Q Annual investment volumes reached 1.27bn in 2017, up considerably on 2016 levels of 0.33bn. Al Gurj s Percentage rise in take-up from 2016 to 2017 Serviced office take-up during 2017 was driven by WeWork s acquisition of Southbank Place 39% Serviced Office take-up share 2017 Premier Place, EC3 145m Greycoat / Morgan Stanley RBS 99 Gresham Street, EC2 136m 1, % Million Cities L&G Juxon House, St Paul s Churchyard, EC4 135m 1, % GR Properties Standard Life 22 Baker Street, W1 123m 1, % Lazari Investments Loftus Trust 9
6 6 in Europe A 360 vision BUSINESS LINES Main locations* EUROPE FRANCE Headquarters 167, Quai de la Bataille de Stalingrad Issy-les-Moulineaux Tel.: BELGIUM Avenue Louise Brussels Tel.: CZECH REPUBLIC Pobřežni 620/ Prague 8 Tel.: GERMANY Goetheplatz Frankfurt Tel.: HUNGARY Vaci ut. A Building 1123 Budapest, Tel.: IRELAND 20 Merrion Road, Ballsbridge, Dublin 4 Tel.: ITALY Piazza Lina Bo Bardi, Milano Tel.: LUXEMBOURG Axento Building Avenue J.F. Kennedy Luxembourg Tel.: Investment Management Tel.: NETHERLANDS Antonio Vivaldistraat HP Amsterdam Tel.: POLAND Al. Jana Pawła II 25 Atrium Tower Warsaw Tel.: ROMANIA Banul Antonache Street n Bucharest Tel.: SPAIN C/ Emilio Vargas, Madrid Tel.: UNITED KINGDOM 5 Aldermanbury Square London EC2V 7BP Tel.: MIDDLE EAST / ASIA DUBAI Emaar Square Building n 1, 7th Floor P.O. Box 7233, Dubai Tel.: HONG KONG 25 /F Three Exchange Square, 8 Connaught Place, Central, Hong Kong Tel.: Alliances* ALGERIA AUSTRIA CYPRUS DENMARK ESTONIA FINLAND GREECE HUNGARY ** IVORY COAST JERSEY LATVIA LITHUANIA MOROCCO * November 2017 ** Coverage In Transaction, Valuation & NORTHERN IRELAND NORWAY PORTUGAL SERBIA SWEDEN SWITZERLAND TUNISIA USA PROPERTY DEVELOPMENT TRANSACTION INVESTMENT MANAGEMENT PROPERTY MANAGEMENT VALUATION CONSULTING Real Estate for a changing world
Q RESEARCH. Real Estate for a changing world
CENTRAL LONDON OFFICE MARKET UPDATE Q2 2018 RESEARCH Real Estate for a changing world CENTRAL LONDON OFFICE MARKET UPDATE CONTACTS Leasing Strong occupier activity continued in Q2 2018 with 3.35m sq ft
More informationCENTRAL LONDON OFFICE & RETAIL MARKET Q2 2016
Real Estate for a changing world CENTRAL LONDON OFFICE & RETAIL MARKET Overview The vote to leave the European Union has caught many, particularly Central London, by surprise. The full implications of
More informationJanuary 2018 UK Research & Forecast Report
London Offices Snapshot January 2018 UK Research & Forecast Report BARNET HARINGEY Figure 1: London Offices Take-up YEAR ON YEAR INDICATORS WALTHAM FORREST New/Refurb Second-hand Pre-let Average LONDON
More informationRESEARCH CENTRAL LONDON QUARTERLY OFFICES LEASING ACTIVITY AT HEALTHY LEVELS VACANCY RATES FALL IN ALL MARKETS CENTRAL LONDON YIELDS REMAIN STABLE
CENTRAL LONDON QUARTERLY OFFICES LEASING ACTIVITY AT HEALTHY LEVELS VACANCY RATES FALL IN ALL MARKETS CENTRAL LONDON YIELDS REMAIN STABLE EDITORIAL Brexit still dominates the headlines and a lack of certainty
More informationQ UK Research & Forecast Report
London Offices Snapshot Q1 2018 UK Research & Forecast Report BARNET HARINGEY WALTHAM FORREST Q1 2018 DEALS MAP ISLINGTON BRENT CAMDEN KENSINGTON WESTMINSTER HACKNEY NEWHAM HAMMERSMITH CITY TOWER HAMLETS
More informationRESEARCH Q RESEARCH. Real Estate for a changing world.
CENTRAL LONDON OFFICE & RETAIL MARKET RESEARCH RESEARCH Real Estate for a changing world 2016 key events timeline 2015 highlights and 2016 outlook Q1 2016 Leasing activity ahead of the same period in 2015,
More informationQ OCCUPIER MARKET INVESTMENT MARKET
1 RESEARCH Central London office analysis 2017 OCCUPIER MARKET in was 10% up on the previous quarter, as availability and rents remain relatively stable, with some submarkets seeing an increase in incentives.
More information* plus a top up at rent review
CENTRAL LONDON OFFICE MARKET - Q2 2015 WEST END CENTRAL LONDON OFFICE MARKET - Q2 2015 CITY Office rents and vacancy rates Quarterly take-up levels increased by 13% in Q2 2015 to reach 757,150 sq ft. This
More informationOctober 2017 UK Research & Forecast Report
London Offices Snapshot October 2017 UK Research & Forecast Report BARNET HARINGEY WALTHAM FORREST Completed Pre-let/sold 10 Under Construction Permitted Not Started YEAR ON YEAR INDICATORS LONDON Grade
More informationQ OCCUPIER MARKET INVESTMENT MARKET
1 RESEARCH Central London office analysis 2017 OCCUPIER MARKET Central London take-up for 2017 totalled 2.4 million sq ft across 119 deals, 10% up on the previous quarter. INVESTMENT MARKET During 2017,
More information% change vs. Dec ALL VISITS (000) 2,410 12% 7,550 5% 31,148 1% Spend ( million) 1,490 15% 4,370-1% 18,710 4%
HEADLINES FULL YEAR 2012 (PROVISIONAL) 1 Overall visits 31.148 million visits making 2012 the best year for inbound tourism since 2008 but not a record. 1% increase in visits on 2011 (30.798 visits) slightly
More informationCENTRAL LONDON RESEARCH QUARTERLY OFFICES Q TAKE-UP INCREASES BY 17% YEAR-ON-YEAR RENTS REMAINED STABLE ACROSS ALL MARKETS
CENTRAL LONDON QUARTERLY OFFICES Q4 TAKE-UP INCREASES BY 17% YEAR-ON-YEAR RENTS REMAINED STABLE ACROSS ALL MARKETS GLOBAL CAPITAL CONTINUES TO FOCUS ON LONDON CENTRAL LONDON QUARTERLY Q4 EDITORIAL The
More informationQ OCCUPIER MARKET INVESTMENT MARKET. Central London take-up for Q totalled 2.5 million sq ft, 21% up on the corresponding quarter in 2017.
1 RESEARCH Central London office analysis 018 OCCUPIER MARKET Central London take-up for 018 totalled.5 million sq ft, 1% up on the corresponding quarter in 017. INVESTMENT MARKET During 018, central London
More informationUNITED KINGDOM MANCHESTER OFFICES QUARTER
UNITED KINGDOM MANCHESTER OFFICES QUARTER 2 2018 2 327,035 SQ FT 53,839 SQ FT by WSP PRIME YIELDS 4.50% Following a record first quarter takeup, the Manchester office market saw 327,035 sq ft in 76 deals
More informationMarch 2015 compared with February 2015 Volume of retail trade down by 0.8% in euro area Down by 0.6% in EU28
03-2006 06-2006 09-2006 12-2006 03-2007 06-2007 09-2007 12-2007 03-2008 06-2008 09-2008 12-2008 03-2009 06-2009 09-2009 12-2009 03-2010 06-2010 09-2010 12-2010 03-2011 06-2011 09-2011 12-2011 03-2012 06-2012
More informationUNITED KINGDOM BIRMINGHAM OFFICES QUARTER
UNITED KINGDOM OFFICES QUARTER 4 2 TAKE-UP 753,329 SQ FT 113,713 KEY DEAL 118,240 SQ FT TO BCU AT BELMONT WORKS, EASTSIDE CITY CENTRE SERVICED OFFICES SQ FT HEADLINE RENT 33 PSF Take-up > Annual take-up
More informationSLOVAKIA. Table 1. FDI flows in the host economy, by geographical origin. (Millions of US dollars)
Table 1. FDI flows in the host economy, by geographical origin World 1 271 4 095 1 060 1 058 714 4 693 3 267 4 692-6 1 769 3 491 2 825 Developed economies 1 204 4 050 1 036 1 113 485 4 265 1 001 5 084-881
More informationUNITED KINGDOM MANCHESTER OFFICES QUARTER
UNITED KINGDOM MANCHESTER OFFICES QUARTER 4 2 TAKE-UP 1,750,276 SQ FT PRIME RENTS 37 PSF INVESTMENT VOLUME 708m 64% ABOVE 10 YEAR AVERAGE TAKE-UP was a record year in the Manchester office market, with
More informationThe London office market, like a cappuccino, is multi-layered, each with differing characteristics, which vary from one part of town to another.
Q4 213 key points are: BBG Cappuccino Commentary Q4 213 Central London take-up was down by 5% to 3.2m sq.ft. in Q4 213 compared to Q3, but the full year take-up was 33% greater than 212 at 12.2 m sq.ft.
More informationCENTRAL LONDON Q RESEARCH. Highlights. Quarterly Offices
RESEARCH 212 CENTRAL LONDON Quarterly Offices Highlights Take-up remained below the long-term average in the third quarter, with 2.1 m sq ft of transactions completed. However, the technology, media and
More informationCENTRAL LONDON Q RESEARCH. Highlights. Quarterly Offices
RESEARCH 213 CENTRAL LONDON Quarterly Offices Highlights Take-up totalled 2.6 m sq ft, although this was heavily influenced by Google s purchase of its 8, sq ft headquarters building which boosted the
More informationCCBE LAWYERS STATISTICS 2016
Austria 31/12/2015 6.057 1.242 Belgium (OBFG) How many s are 81-2 Bulgaria - 2 Croatia - 5 Czech Republic - 40 Germany - 1 Greece - 3 Hungary - 6 Italy - 1 Liechtenstein - 1 Lithuania - 2 The Netherlands
More informationIntra-African Air Services Liberalization
Intra-African Air Services Liberalization James Wiltshire Senior Economist, www.iata.org/economics To represent, lead and serve the airline industry Aviation connects African businesses to world markets
More informationAn overview of Tallinn tourism trends
An overview of Tallinn tourism trends August 2015 The data is collected from Statistics Estonia, Tallinn Airport and Port of Tallinn. In August 2015, 179,338 stayed overnight in Tallinn s accommodation
More informationCentral London Office Market Report. Mixed economic signals, but take-up resilient post-referendum Q3 2016
Central London Office Market Report Mixed economic signals, but take-up resilient post-referendum Q3 2016 Central London overview Mixed economic signals Economic signals have largely been positive in Q3.
More informationFINLAND. Table 1. FDI flows in the host economy, by geographical origin. (Millions of US dollars)
Table 1. FDI flows in the host economy, by geographical origin World 3 732 8 046 3 319 2 823 4 750 7 652 12 451-1 144 718 7 359 2 550 4 158 Developed economies 3 638 8 003 2 382 2 863 4 934 7 258 12 450-855
More informationRESEARCH INDUSTRIAL SNAPSHOT
RESEARCH INDUSTRIAL SNAPSHOT GREATER LONDON AND WESTERN HOME COUNTIES H2 2017 GREATER LONDON & WESTERN HOME COUNTIES LOGISTICS & INDUSTRIAL RESEARCH Introduction As the UK economy continues to grow so
More informationGRILLO EUROPE UK PROPERTY MARKET OCTOBER Independent Property Consultants. Economic Background
GRILLO EUROPE Independent Property Consultants UK PROPERTY MARKET OCTOBER 2014 Economic Background In our mid-year update we suggested that the strong performance of the UK economy would result in an early
More informationOctober 2013 compared with September 2013 Industrial production down by 1.1% in euro area Down by 0.7% in EU28
10-2004 01-2005 04-2005 07-2005 10-2005 01-2006 04-2006 07-2006 10-2006 01-2007 04-2007 07-2007 10-2007 01-2008 04-2008 07-2008 10-2008 01-2009 04-2009 07-2009 10-2009 01-2010 04-2010 07-2010 10-2010 01-2011
More informationTRIPS OF BULGARIAN RESIDENTS IN ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN FEBRUARY 2011
TRIPS OF BULGARIAN RESIDENTS IN ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN FEBRUARY 2011 In February 2011, the number of the trips of Bulgarian residents in abroad was 246.2 thousand or
More informationCENTRAL LONDON Q RESEARCH. Highlights. Quarterly Offices
RESEARCH 211 Offices Highlights Central London take-up improved in the second half of 211, with the last two quarters of the year both matching long-term average levels of 3. m sq ft. Take-up for the year
More informationEU-Russia summit Strong recovery of trade in goods between EU27 and Russia in 2011 An EU27 deficit of 91 bn euro with Russia in 2011
STAT/2/82 June 202 EU-Russia summit Strong recovery of trade in goods between EU27 and Russia in 20 An EU27 deficit of 9 bn euro with Russia in 20 Following a sharp fall in 2009, EU27 trade in goods with
More informationUNITED KINGDOM LEEDS OFFICES QUARTER
UNITED KINGDOM LEEDS OFFICES QUARTER 3 2018 2 528,654 SQ FT YTD INVESTMENT 335m 2018 Leeds city centre saw strong levels of demand in Q3 2018, with take-up at 191,464 sq ft. Similar levels of take-up were
More informationChannel Islands Office Market Review.
Channel Islands Office Market Review 2017 www.d2re.co.uk Contents UK INVESTMENT MARKET OVERVIEW 2017 2017 Investment Volumes 2 Regional Offices Performance 3 JERSEY OFFICE MARKET REVIEW 2017 4 Background
More informationThe economic impact of ATC strikes in Europe Key findings from our updated report for A4E
pwc.com The economic impact of ATC strikes in Europe Key findings from our updated report for A4E Prepared for A4E Updates to our analysis since June 2016 Since releasing our Preliminary Findings in June
More informationLONDON MARKETS. Analysis of the London office market Winter 2017/18. International Property Consultants
LONDON MARKETS Analysis of the London office market Winter 217/18 International Property Consultants Q4 217 3.2 MILLION SQ FT 11 West End Prime Rent (per sq ft) Midtown Prime Rent (per sq ft) 67.5 68.5
More informationMARKET UDPATE Q THAMES VALLEY & WEST LONDON
MARKET UDPATE Q1 218 THAMES VALLEY & WEST LONDON MARKET UPDATE Q1 218 THAMES VALLEY & WEST LONDON Following a positive end to 217, the Thames Valley has had a steady first quarter with leasing activity
More informationUNITED KINGDOM MANCHESTER OFFICES QUARTER
UNITED KINGDOM MANCHESTER OFFICES QUARTER 3 2 479,637 SQ FT 225,000 SQ FT Pre-let to Booking.com INVESTMENT VOLUME 147m Leasing activity in the Manchester office market for the first three quarters of
More informationMarket in Minutes Germany office markets Q4 2015
Savills World Research Germany offices Market in Minutes Germany office markets 21 The facts at a glance rises by 2 - vacancy falls to 1-year low The top six office markets witnessed take-up totalling
More information8 May Derwent London DEVELOPING. Highlights 626,000 sq ft of. December 2013 low at 0.9% in January. Brunswick Group
8 May 2014 Derwent London plc ( Derwent London / thee Group ) FIRST QUARTER INTERIM MANAGEMENT STATEMENT DEVELOPING IN A STRONG MARKETT Highlights 626,000 sq ft of developments on site with future capital
More informationassists in the development of airport capacity to meet growing demand supports the development of improved ground access to airports
ATAG The Air Transport Action Group (ATAG) is a coalition of organisations from throughout the air transport industry, formed to press for economically beneficial aviation capacity improvements in an environmentally
More informationIMD World Talent Report Factor 1 : Investment and Development
THAILAND 2012 2013 2014 2015 2016 Overall Investment & Development Appeal Rank 2016 37 42 24 Readiness 49 of 61 Factor 1 : Investment and Development Total Public Expenditure on Education Percentage of
More informationgva.co.uk Central London office analysis Research Q A Bilfinger Real Estate company
A Bilfinger Real Estate company Research office analysis Park House, W1 GVA has recently been instructed as joint letting agents 020 7895 1515 gva.co.uk Market comment take-up Source: EGI/GVA 6,000,000
More informationThe Nordic Countries in an International Comparison. Helga Kristjánsdóttir 20. apríl 2012
The Nordic Countries in an International Comparison Helga Kristjánsdóttir 20. apríl 2012 15 Figure 1. World Bank, GDP growth (annual %) 10 5 0 1961 1963 1965 1967 1969 1971 1973 1975 1977 1979 1981 1983
More informationO 2 Call Options Explained
March 2013 www.nimans.net/networkservices Tel: 01937 847 500 O 2 Call Options Explained International & Roaming UK To Abroad (UK based calls) International Favourites DISE Only The International Favourites
More informationTRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN NOVEMBER 2018
TRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN NOVEMBER 2018 In November 2018, the number of the trips of Bulgarian residents abroad was 426.3 thousand (Annex,
More informationPERPETUAL CORPORATE TRUST GLOBAL AND DOMESTIC CAPITAL TRENDS IN COMMERCIAL REAL ESTATE
PERPETUAL CORPORATE TRUST GLOBAL AND DOMESTIC CAPITAL TRENDS IN COMMERCIAL REAL ESTATE Glen Dogan Head of Sales and Relationship Management AGENDA GLOBAL CAPITAL FLOWS & TRENDS APAC CAPITAL FLOWS & TRENDS
More informationTRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN OCTOBER 2017
TRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN OCTOBER 2017 In October 2017, the number of the trips of Bulgarian residents abroad was 439.0 thousand (Annex, Table
More informationTRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN FEBRUARY 2018
TRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN FEBRUARY 2018 In February 2018, the number of the trips of Bulgarian residents abroad was 379.5 thousand (Annex,
More informationTRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN NOVEMBER 2017
TRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN NOVEMBER 2017 In November 2017, the number of the trips of Bulgarian residents abroad was 417.6 thousand (Annex,
More informationTRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN JANUARY 2018
TRIPS OF BULGARIAN RESIDENTS ABROAD AND ARRIVALS OF VISITORS FROM ABROAD TO BULGARIA IN JANUARY 2018 In January 2018, the number of the trips of Bulgarian residents abroad was 387.6 thousand (Annex, Table
More informationLONDON MARKETS. Analysis of the London office market Summer International Property Consultants
LONDON MARKETS Analysis of the London office market Summer 217 International Property Consultants Q2 217 2.6 MILLION SQ FT 11 West End Prime Rent (per sq ft) Midtown Prime Rent (per sq ft) 6 68. City Prime
More informationDerwent London plc ( Derwent London / the Group ) INTERIM MANAGEMENT STATEMENT FOR THE THREE MONTHS ENDED 31 MARCH 2012
9 May 2012 Derwent London plc ( Derwent London / the Group ) INTERIM MANAGEMENT STATEMENT FOR THE THREE MONTHS ENDED 31 MARCH 2012 ROBUST LETTINGS AND PLANNING PROGRESS CONTINUE Highlights Lettings: 23
More informationROMANIA. Table 1. FDI flows in the host economy, by geographical origin. (Millions of US dollars)
Table 1. FDI flows in the host economy, by geographical origin World.... 2 196 6 435 6 485 11 333 9 928 13 910 4 843 2 939 2 522 2 746 Developed economies.... 1 521 5 361 6 309 11 445 9 136 13 422 4 812
More informationCOMMUNICATION FROM THE COMMISSION TO THE COUNCIL
EUROPEAN COMMISSION Brussels, 14.10.2016 COM(2016) 652 final COMMUNICATION FROM THE COMMISSION TO THE COUNCIL European Development Fund (EDF): forecasts of commitments, payments and contributions from
More informationCountry (A - C) Local Number Toll-Free Premium Rates
Choose a number from the provided list based on the country that you re calling from. Numbers with Premium Rates are only available to Enterprise Groups that are subscribed to the BlueJeans Premium Calling
More informationCROATIA. Table 1. FDI flows in the host economy, by geographical origin. (Millions of US dollars)
Table 1. FDI flows in the host economy, by geographical origin World 1 307 1 153 2 107 1 210 1 844 3 228 4 928 5 941 3 566 515 1 511 1 370 Developed economies 1 207 1 113 1 719 1 190 1 885 3 093 4 775
More informationLifeWatch, costing and funding. The LifeWatch e-infrastructure financial issues
LifeWatch, costing and funding The LifeWatch e-infrastructure financial issues LIFEWATCH architecture providing infrastructure services to users User groups can create their own e- laboratories or e-services
More informationCountry (A - C) Local Number Toll-Free Premium Rates
Choose a number from the provided list based on the country that you re calling from. Numbers with Premium Rates are only available to Enterprise Groups that are subscribed to the BlueJeans Premium Calling
More informationSingapore: Hotel Market. Market Report - March 2019 MARKET REPORT. Melbourne, Australia
Singapore: Hotel Market Market Report March 2019 MARKET REPORT Melbourne, Australia APRIL 2019 Melbourne, Australia Market Report April 2019 Flinders Street Station, Melbourne Melbourne Hotel Outlook Melbourne
More informationLONDON FLOOR REVIEW. A floor-by-floor analysis of the London office market Q International Property Consultants
ONDON FOOR REVIEW A floor-by-floor analysis of the ondon office market Q1 217 International Property Consultants FIRT QUARTER REVIEW Q on Q Y on Y Comment Take-up 2.7m sq ft taken-up during Q1, over 523
More information3.5% 2.3% 2.2% Inflation March Purchasing power per capita 2016 Prague
City Report Q1 2018 3.5% 2.3% 2.2% GDP Growth F2018 Inflation March 2018 Unemployment rate March 2018 Prague 1,539 10,526 3.8% Average Monthly Salary Q4 2017 Prague Purchasing power per capita 2016 Prague
More informationEU Report. Europe JANUARY 2019
H EU Report Europe JANUARY 2019 ANALYSIS OF HOTEL RESULTS JANUARY 2019 A cloud on the horizon for European hoteliers The year is off to a slow start for European hoteliers who post less encouraging results
More informationEUROCONTROL. Visit of the Transport Attachés. 10 April Frank Brenner. Director General EUROCONTROL
EUROCONTROL Visit of the Transport Attachés 10 April 2015 Frank Brenner Director General EUROCONTROL One day s traffic EUROCONTROL - Visit of the Transport Attachés - 10 April 2015 2 ATM Today Air Transport
More informationDigital Advertising in Europe. Daniel Knapp
Digital Advertising in Europe Daniel Knapp About the study Data for 27 countries in Europe Austria Belarus Belgium Bulgaria Czech Republic Croatia Denmark Finland France Germany Greece Hungary Ireland
More informationGreat Portland Estates Trading Update Strong Operational Performance
Press Release 6 July 2017 Great Portland Estates Trading Update Strong Operational Performance Great Portland Estates plc ( GPE ) today publishes its trading update for the quarter to 30 June 2017. Continued
More informationm3commentary MELBOURNE CBD OFFICE
m3commentary MELBOURNE CBD OFFICE Spring 2016 Key Research Contacts: Jennifer Williams National Director NSW (02) 8234 8116 Erin Obliubek Research Manager VIC (03) 9605 1075 Casey Robinson Research Manager
More informationCover Pool ( mn.) 4, , , , , ,494.6 of which derivatives ( mn.)
Publication according to section 28 para. 1 nos. 1 and 3 Pfandbrief Act (Germany) Lettres de Gage publiques (covered bonds backed by public sector debt) outstanding and their cover pool Outstanding total
More informationLIVERPOOL CITY CENTRE. Commercial Office Market Review 2005
LIVERPOOL CITY CENTRE Commercial Office Market Review 2005 SUMMARY Liverpool s office market is changing beyond recognition, with newly-built offices, increasing demand from professional and financial
More informationUnderstanding Business Visits
Understanding Business Visits Foresight issue 153 VisitBritain Research 1 Contents Introduction Summary and Highlights Business Visits in Context UK Business visits and spend Averages Duration of stay
More informationMark Yeandle MBA FCIM
Technology s effect on Financial Centres The Z/Yen Z/Yen Group Limited 90 Basinghall Street London EC2V 5AY United Kingdom tel: +44 (20) 7562-9562 www.longfinance.net Mark Yeandle MBA FCIM Z/Yen The Z/Yen
More informationNext Release: 13 April Next Release: 13 April December
43070 Next Release: 13 April 2018 Next Release: 13 April 2018 December Date of publication: 15 March 2018 TABLE OF CONTENTS Charts 1 Gross consumption of natural gas by OECD region 3 2 Indigenous production
More informationShopping Centers of the Future
Walter Goossens Editions & Séminaires 12 th October 2011 Shopping Centers of the Future Table of Contents 1. Current situation of the shopping center market A. In Europe B. In Belgium 2. Shopping Centers
More informationEUROCONTROL Low-Cost Carrier Market Update
EUROCONTROL Low-Cost Carrier Market Update June 2007 EUROCONTROL/STATFOR/Doc257 v1.0 12/09/07 EUROCONTROL Low-Cost Carrier Market Update June 2007 Summary: The market share of low-cost carriers in Europe
More informationCITY FLOOR REVIEW. A floor-by-floor analysis of the City office market Q4 2015
CITY FLOOR REVIEW A floor-by-floor analysis of the City office market Q4 215 QUARTERLY SUMMARY Take-up falls 3% on the quarter, but 215 volumes still 22% up on 214 Banking, finance and insurance occupiers
More informationTourism Snapshot A focus on the markets that the CTC and its partners are active in Ontario June 2011 Volume 7, Issue 6
Tourism Snapshot Ontario A focus on the markets that the CTC and its partners are active in www.canada.travel/corporate June 2011 Volume 7, Issue 6 Key highlights In June 2011, overnight travel to Canada
More informationEurope Market Report Overview. CLIA Europe March 2018
Europe Market Report 7 Overview CLIA Europe March 8 Europe-Overview and Key Countries In thousands Market 7 Grand Total 6,77 6,94.% Germany,8,89 8.% United Kingdom & Ireland,9,99.% Italy 7 769.% Spain
More informationTourism Snapshot. A focus on the markets in which the CTC and its partners are active. January 2013 Volume 9, Issue 1.
Tourism Snapshot Nathan Phillips Square Skating Rink at City Hall Francisco Pardo A focus on the markets in which the CTC and its partners are active www.canada.travel/corporate January 2013 Volume 9,
More informationFACTS & FIGURES ISE 2016
FACTS & FIGURES ISE 2016 The first four-day Integrated Systems Europe exhibition was an unqualified success. In drawing over 65,000 registered attendees to interact with over 1,100 exhibitors it officially
More informationBREXIT & AVIATION. Market Interdependence and Economic value
BREXIT & AVIATION Market Interdependence and Economic value Background ACI EUROPE position On 24 June 2016, taking stock of the results of the UK referendum on EU membership, ACI EUROPE publicly called
More informationGOING PLACES MACARTHURCOOK OFFICE PROPERTY TRUST
GOING PLACES MACARTHURCOOK OFFICE PROPERTY TRUST ANNUAL REPORT 2006 1 2 3 4 1 2 181 Miller Street, North Sydney, NSW 150 170 Leichhardt Street, Spring Hill, Brisbane, QLD 3 4 38 Akuna Street, Canberra,
More informationResearch. Global Real. Annual Review and Outlook 2012
Research Global Real Estate Markets Annual Review and Outlook 2012 2012 GLOBAL REAL ESTATE MARKETS Annual review and outlook Highlights International commercial property markets have reacted to the increased
More informationEUROPEAN CENTRE FOR DISEASE PREVENTION AND CONTROLInfluenza A(H1N1)v
Table 1: Reported new confirmed cases and cumulative number of influenza A(H1N1)v and cumulative deaths among confirmed cases by country as of August, 1: hours (CEST) in the EU and EFTA countries Confirmed
More informationM25 OFFICES. Investment, development & occupier markets
research Q M OFFICES Investment, development & occupier markets Highlights Despite generally subdued occupier market activity in Q, Aker Solutions 1,7 sq ft pre-let at Chiswick Park boosted take-up in
More informationWEST END FLOOR REVIEW. A floor-by-floor analysis of the West End office market Q4 2014
WEST END FLOOR REVIEW A floor-by-floor analysis of the West End office market Q4 214 FOURTH QUARTER REVIEW THE QUARTER IN NUMBERS Q ON Q Y ON Y COMMENT 591, totalling 3m sq ft 351 taken-up during Q4, totalling
More informationEU Report. Europe JULY 2018
H EU Report Europe JULY 2018 ANALYSIS OF HOTEL RULTS JULY 2018 Europe's hotels show timid growth After a month of June marked by improved hotel results, Europe's summer shows less significant growth. Driven
More information2017 European Helicopter Market Update. Matthew Harman MRO Analyst Arlington, VA
2017 European Helicopter Market Update Matthew Harman MRO Analyst Arlington, VA Agenda Key findings on Fleet & MRO over the next 10-years 1. Scope 2. Fleet current trends, deliveries & retirements 3. MRO
More informationParis. Research. Office market report - Q Contents. Market Summary
Research Paris Office market report - 2008 Contents Paris 2 Ile-de-France map Market breakdown 3 Market data 4 Market Summary With more than 590,000 sq m let in the second quarter of 2008, the office market
More informationAir transport in the EU27 Air passenger transport up by 0.6% in 2008 Declining trend through the year
STAT/09/174 4 December 2009 Air transport in the EU27 Air passenger transport up by 0.6% in 2008 Declining trend through the year The total number of passengers 1 transported by air in the EU27 rose by
More informationIndustrial Statistics of Lifts and Escalators. Ebru Gemici-Loukas, VDMA ASANSÖR, Istanbul 27. March 2015
Industrial Statistics of Lifts and Escalators Ebru Gemici-Loukas, VDMA ASANSÖR, Istanbul 27. March 2015 Basic and Industrial Statistics 2013 BASIC STATISTICS 2013 ESTIMATED TOTAL MARKET (*) 2012 2013 Country
More informationMARKET NEWSLETTER No 57 January 2012
OVERVIEW OF INTRA-EUROPEAN UNION TRADING BETWEEN 2007/08 AND 2010/11 The data on intra-eu trade reported in this month s newsletter have been taken from the EUROSTAT database. However, it is important
More informationSpotlight Leeds Offices Summer 2016
Savills World Research UK Commercial Spotlight Leeds Offices Summer 2016 6-7 Park Row Leeds station, southern entrance SUMMARY g Leeds has strengthened its position as one of the key regional cities in
More informationEuropean Performance Scheme
European Performance Scheme Global Challenges to Improve Air Navigation Performance Asilomar Conference Grounds, Pacific Grove, CA 12 February 2015 Rolf TUCHHARDT European Commission, DG MOVE The SES policy
More informationCall Type PAYU1 PAYU2 PAYU3 Out Of Bundle
Jan-18 Mobile Tariff Information Headline Rates Call Type PAYU1 PAYU2 PAYU3 Out Of Bundle Calls to Own Mobiles 1p 1p 1p 1p Calls to Own Landlines 1p 1p 1p 1p Calls to UK Landlines (Starting 01, 02, 03)
More informationPassenger Flows Zurich Airport. July to November 2011
Passenger Flows Zurich Airport July to November 2011 Table of Contents Preface 3 Spatial distribution of passenger types 4 Graphics 5 Detailed information on gates 9 1.1. Bus Gates A01 - A10 9 1.2. Bus
More informationTourism in Prague 2013 Overall assessment after data revision
Tourism in Prague 2013 Overall assessment after data Based on the results a Ministry for Regional Development project titled "Improved Information on Selected Tourism Industries", the CZSO Register of
More informationLEEDS PROPERTY GUIDE 2018/2019
LEEDS PROPERTY GUIDE 2018/2019 LEEDS PROPERTY GUIDE - 2018/2019 WHY INVEST IN BUY-TO-LET? There has never been a better time to invest in buy-to-let in the UK. The number of people renting in the UK is
More information1.0 Introduction Zambia s Major Trading Partners Zambia s Major Export Markets... 4
Bank of Zambia CONTENTS 1.0 Introduction... 3 2.0 Zambia s Major Trading Partners... 3 3.0 Zambia s Major Export Markets... 4 4.0 Major Source Countries Of Zambia s Imports... 5 5.0 Direction Of Trade
More informationUnlocking potential SALES TEAM BRIEFING. Kaupthing Singer & Friedlander Capital Markets Ltd. Great Portland Estates plc Toby Courtauld Chief Executive
Unlocking potential Unlocking potential SALES TEAM BRIEFING Kaupthing Singer & Friedlander Capital Markets Ltd Great Portland Estates plc Toby Courtauld Chief Executive Robert Noel Property Director 8
More informationTRAFFIC DEVELOPMENT POLICY 2018
TRAFFIC DEVELOPMENT POLICY 2018 GUIDELINES Target The Traffic Development Policy aims at ATTRACTING INCREMENTAL TRAFFIC to our airport. The incentive system hereafter exposed is conceived to be a guideline
More information