Commercial real estate investment across Europe is expected to increase by 20% to €225 bn in 2015 based on volumes achieved in the first quarter, according to research from DTZ.
Commercial real estate investment across Europe is expected to increase by 20% to €225 bn in 2015 based on volumes achieved in the first quarter, according to research from DTZ.
An estimated €45 bn was invested in Q1, marking a 22% increase on the year-earlier period when volumes totalled €36.8 bn.
Nigel Almond, head of capital markets research at DTZ, said: ‘The positive momentum in the market has continued into 2015. Investment continues to be driven by strong activity in the core markets of the UK, Germany and France. The positive momentum has also been maintained in the periphery with volumes up in both Italy and Spain with positive developments in the Czech Republic and Baltic states.’
Magali Marton, head of EMEA research at DTZ, added: ‘We remain confident of the outlook for Europe’s markets during 2015. The weight of money chasing commercial real estate remains strong and supported by good relative pricing and a growing number of opportunities coming to the market. Based on Q1 performance, we expect volumes to grow by 20% over the year to reach €225 bn in 2015.’
