GLOBAL OFFICE FORECAST 2014-2015

http://www.cushmanwakefield.kr/en-gb/research-and-insight/2013/global-office-forecast-2014-2015/

GLOBAL OFFICE FORECAST 2014-2015
Published Date : 04/12/2013
Maria Sicola

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The global office market is poised for slow steady growth in 2014, while 2015 should be more robust as recovery takes hold and business gains renewed confidence. Jakarta, Dublin and Boston are the regional leaders among the top cities forecasted to see the highest office rental rate growth through 2015.

MAIN STREETS ACROSS THE WORLD 2013-2014

http://www.cushmanwakefield.kr/en-gb/research-and-insight/2013/main-streets-across-the-world-2013/

MAIN STREETS ACROSS THE WORLD 2013-2014
Published Date : 13/11/2013
Martin Mahmuti

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Cushman & Wakefield is at the centre of retail, providing value added real estate services to our clients globally. We monitor the evolution of the industry as well as global retail trends and practices to ensure our clients can best position their businesses to capitalise on future trends.

Samsung SRA Asset Management and Cushman & Wakefield Investors acquire 30 Crown Place in the City of London

SAMSUNG SRA ASSET MANAGEMENT AND CUSHMAN & WAKEFIELD INVESTORS ACQUIRE 30 CROWN PLACE IN THE CITY OF LONDON
24 Apr, 2013, London

Samsung SRA Asset Management ('Samsung SRA') through Cushman & Wakefield Investors ('CWI') has acquired 30 Crown Place, London EC2, on behalf of South Korean institutional investors from a fund managed by Hannover Leasing GmbH & Co. KG.

http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Language=EN&repId=c59700005p&Country=GB

London Regains World's Most Expensive Office Market Crown

LONDON REGAINS WORLD’S MOST EXPENSIVE OFFICE MARKET CROWN
19 Feb, 2013, London

- London leapfrogs Hong Kong to take top spot for first time since 2008
- Rio de Janeiro soars from 8th to 3rd with a rental uplift of 43% on previous year
- Global office rents increase by 3%

http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=GB&Language=EN&repId=c58100005p

European real estate loan sales to gather pace in 2013

EUROPEAN REAL ESTATE LOAN SALES TO GATHER PACE IN 2013
30 Jan, 2013, London

Against a background of continued economic uncertainty and impending regulatory changes, the pace of activity in the European real estate loan sale market will accelerate significantly over the next two years according to a new report from property consultant Cushman & Wakefield. Over the past 12 months, a total of 33 completed loan sale transactions were recorded, totaling €21.7 billion (up 146% on 2011), demonstrating that European commercial real estate (CRE) loan portfolios can be successfully traded. The market has made a strong start to 2013 and in view of the build up of activity amongst the banks and their legacy entities and their aggressive deleveraging targets, Cushman & Wakefield is forecasting over €25 billion of CRE loan portfolio and real estate-owned (REO) sales for the forthcoming year.

http://www.cushwake.com/cwglobal/jsp/newsLanding.jsp?Language=EN&featuredNewsItemId=c60500007p&Country=GB&pageStart=26

European commercial property investment rallies in Q4

EUROPEAN COMMERCIAL PROPERTY INVESTMENT RALLIES IN Q4
28 Jan, 2013, London

Trading activity in European commercial property rallied in late 2012 as the market stabilised after its midyear malaise to post the highest level of quarterly trading since 2007 at €43.7bn in Q4, according to the latest data from property consultants Cushman & Wakefield.

http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Language=EN&repId=c57800004p&Country=GB

Prime yields stabilise and investment activity increases as 2012 closes

PRIME YIELDS STABILISE AND INVESTMENT ACTIVITY INCREASES AS 2012 CLOSES
24 Jan, 2013, London

The UK property investment market in 2012 ended on a stronger note than many expected - yields stabilised and investment activity increased in the closing months of the year, according to a report by Cushman & Wakefield.
Cushman & Wakefield projects forecast activity for 2013 will hit £35.5 billion, 7.5 per cent ahead of 2012.

http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Language=EN&repId=c57700005p&Country=GB

Central London Office Market Proves Resilient in 2012

CENTRAL LONDON OFFICE MARKET PROVES RESILIENT IN 2012
31 Dec, 2012, London

Despite a backdrop of a continued economic uncertainty, the Central London office market has proved resilient over the year according to the latest report from real estate consultants Cushman & Wakefield, which predicts that take up of new office space in Central London for the year to December will be 7.3 million sq ft, marginally below the 2011figure of 7.8 million sq ft. This latest report highlights the emergence of the Media & Tech and also insurance sectors as key drivers of demand, and that the continued growth of these sectors combined with a peak in lease expiry events in 2015, will result in a healthier leasing market over the next 12 months as occupiers are forced to consider their office space options.

http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Language=EN&repId=c57000005p&Country=GB

Commercial property investment in London hits five-year high

COMMERCIAL PROPERTY INVESTMENT IN LONDON HITS FIVE-YEAR HIGH
27 Dec, 2012, London

- Investment volumes for 2012 reach £13.57 billion - an increase of 25 per cent on 2011
- Highest level of investment since 2007
- City investment increases by more than a third

http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Language=EN&repId=c57000007p&Country=GB

Demand For Luxury Goods Drives Rental Growth

DEMAND FOR LUXURY GOODS DRIVES RENTAL GROWTH
14 Nov, 2012, London

http://www.cushwake.com/cwglobal/jsp/newsLanding.jsp?Language=EN&featuredNewsItemId=c60500007p&Country=GB&pageStart=26

With solid quarterly results, the Frankfurt office space market heads toward the end of the year

With solid quarterly results, the Frankfurt office space market heads toward the end of the year
9 Oct, 2012, Frankfurt

• 342,000 sqm of office space leased by the end of September
• Top lease rates stable
• Vacancies continue light fall

http://www.cushwake.com/

Frankfurt office market with solid rental performance at the half-year point

Frankfurt office market with solid rental performance at the half-year point
5 Jul, 2012, Frankfurt

• Rental performance in the Frankfurt office space market at the long-term average in the first half of 2012
• 224,000 sq. m rented by the end of June
• High-end lease prices stable
• Vacancy rates fall

http://www.cushwake.com/

Frankfurt office market: Solid Result Despite Space Reduction

Frankfurt office market: Solid Result Despite Space Reduction
4 Jan, 2012, Frankfurt

• Letting volume of the Frankfurt office space market at 424,000 m²
• Turnover falls by 11% on 2010
• Despite instability on the financial markets, banks and financial services remained one of the strongest tenant groups in 2011

Over the past twelve months, the rental volume of Frankfurt's office space (including Eschborn and Kaiserlei) under lease stood at around 424,000 m². This means rental turnover is around 11% less than the 475,000 m² for the previous year and a good 12% below the average for the past ten years (the average being 485,000 m²). According to Cushman & Wakefield (C&W) , this amounts to an altogether solid performance for the banking capital in spite of this reduction - especially when one considers the continuing, great instability on the worldwide financial markets, and also considering the fact that in the year 2010 the construction of the new headquarters of the European Central Bank (ECB), with its 104,000 m², skewed the total annual turnover.

http://www.cushwake.com/

Catching of one’s breath on Frankfurt’s market for office space

Catching of one’s breath on Frankfurt’s market for office space
5 Jan, 2011, Frankfurt

The annual property area turnover of 475,000 m² in 2010 represented an increase of about 36% over the result achieved in 2009

http://www.cushwake.com/

Frankfurt’s Office Market Releases the Handbrake

Frankfurt’s Office Market Releases the Handbrake
1 Oct, 2010, Frankfurt

• The rental space for Frankfurt’s office market was 162,000 m2 for the 3rd quarter
• Recovery in all size segments
• Prime rent unchanged
• All signs point to annual sales above 500,000 m2

http://www.cushwake.com/

WNET signs lease at Worldwide Plaza

WNET signs lease at Worldwide Plaza
August 17, 2010 08:30 AM

Worldwide Plaza at 825 Eighth Avenue

WNET, the parent company of public television’s Channel 13, has signed a 95,000-square-foot lease at Worldwide Plaza at 825 Eighth Avenue between 49th and 50th streets, taking two floors in the 1.8 million-square-foot tower, the Post reported. Terms for the Worldwide Plaza lease were not released, but asking rents there run from $52 to $59 a square foot. The deal marks an important step forward for the building, which was purchased last year from Deutsche Bank for $605 million by a George Comfort & Sons-led partnership after Deutsche took it back from Harry Macklowe. The WNET deal is the first section being leased out of the 640,000 square feet that became available after advertising agency Ogilvy & Mather moved out in 2009 (note: correction appended). WNET will move from its current corporate headquarters at 450 West 33rd Street by the end of the year. WNET was represented by Cushman & Wakefield’s Charles Borrok and Barry Zeller in the transaction. The landlord was represented in-house by Peter Duncan, George Comfort CEO and president, and Matthew Coudert, executive vice president.

Frankfurt office market: A safe stopover landing despite turbulence

Frankfurt office market: A safe stopover landing despite turbulence
2 Oct, 2008, Frankfurt

In the third quarter, the Frankfurt office market looked to be virtually unshaken by the turbulence in the global financial markets. In the first nine months of the year, a total of 385,000m² of office space was leased, almost a third of this (120,000m²) in the third quarter – an excellent result in view of the current situation. However, it is still clear that lease activities in the Frankfurt market have fallen by 9.4% in relation to the first three quarters of 2007 (first to third quarter of 2007: 425,000m²).

http://www.cushwake.com/