Search Results for: real estate

Investment in real estate upgrades stalls in face of economic and business challenges

Investment in real estate upgrades stalls in face of economic and business challenges

An image of some offices to illustrate the challenges facing real estate investors Research by ULI and PwC claims that nearly half of Europe’s real estate leaders are concerned about buildings becoming obsolete in the next five years in the face of long-term upheavals in demographics, climate change, technology and lifestyles. Most of the 900 or so industry leaders that participated are making long-term resources available to address the fit-for-purpose agenda. However, the challenging business environment has reshuffled priorities to financing and high construction costs, and scarcity of resources has made real estate renewal more expensive to achieve, consequently delaying much needed investment. More →

Responsible capitalism, and space as a service will shape real estate industry over next 20 years

Responsible capitalism, and space as a service will shape real estate industry over next 20 years

A flexible office space from Instant Offices, a pioneer of space as a serviceEurope’s real estate leaders have set out a long-term vision for the industry. In this scenario the most successful firms have adopted ‘responsible capitalism,’ the user is the centre of attention, the cycle of demolition and development has been broken, mixed-use is the norm and multi-disciplinary and in-house teams deliver space as a service across a range of sectors. Emerging Trends in Real Estate Europe 2023, the twentieth annual survey of European real estate sector leaders’ expectations by the Urban Land Institute (ULI) and PwC, has looked beyond the year ahead at the trends shaping the industry over the next two decades. This report captures the views of over 900 sector leaders from across Europe. More →

Corporate real estate sector facing up to tough year ahead

Corporate real estate sector facing up to tough year ahead

A person walks down an empty street in a central business district to reflect concerns about corporate real estateCorporate real estate business confidence and expectations of profitability have dropped to a low level, reflecting widespread industry concerns across an array of indicators for the business, political and real estate environments. Emerging Trends in Real Estate Europe 2023 is the twentieth annual survey by the Urban Land Institute (ULI) and PwC UK of European real estate sector leaders’ expectations for the year ahead. Based on the views of around 900 real estate leaders from across Europe, the report claims that 91 percent concerned about inflation, closely followed by interest rate movements (89 percent) and European economic growth (88 percent). Political uncertainty at the global, regional and national levels are of high concern as well. More →

Transparency and collaboration key to real estate decarbonisation

Transparency and collaboration key to real estate decarbonisation

An image of the Earth to represent decarbonisationThe Urban Land Institute (ULI) has warned of a ‘carbon bubble’ in the pricing of European real estate and urged the industry to work together to preserve values across the sector as it aims to meet the decarbonisation targets set in the Paris Agreement. To support a more collaborative approach, at the inaugural ULI C Change Summit, the institute has published its Transition Risk Assessment Consultation Guidelines as part of its C Change programme. These guidelines set out a standardised method for assessing the costs of decarbonising buildings and disclosing between owners, investors, potential buyers, and valuers the main transition risks and impact on values. More →

Commercial real estate enters downturn in UK, claims RICS

Commercial real estate enters downturn in UK, claims RICS

commercial real estateThe UK’s commercial real estate market is entering or might already be in a downturn, according to an industry survey from the Royal Institute of Chartered Surveyors. As higher interest rates push up investors’ financing costs and economic sentiment takes a dive, 43 percent of respondents to its quarterly commercial property survey thought the sector was in the early stages of a downturn, and a further 10 percent thought it was in the middle of one. By contrast, three months ago 53 percent said the sector was in the early or middle stages of an upturn, a proportion that has now slumped to 22 percent. More →

Corporate real estate firms lagging on digital transformation

Corporate real estate firms lagging on digital transformation

corporate real estate and digital transformationResistance to change and lack of resources are holding back real estate firms on digital transformation, a new report [registration] claims. The study involved more than 175 innovation leads in corporate real estate organisations at locations worldwide, including British Land, JLL, Cushman & Wakefield and Buro Happold. Authored by Swedish PropTech academic Olli Vigren, the report sets out to explain why the sector has fallen behind other industries in adopting new technology. More →

UK rated world number one as Europe sets the standard on real estate transparency

UK rated world number one as Europe sets the standard on real estate transparency

transparent real estateEurope is leading the way on real estate transparency as a raft of new sustainability legislation raises industry standards, according to the latest Global Real Estate Transparency Index [registration] published by JLL, in partnership with LaSalle. Six of the 12 countries classed as ‘Highly Transparent’ in the report are in Europe with France, the Netherlands, Germany and Belgium among the most improved, joining Ireland and Sweden. More →

Urban and real estate recovery driven by talent and innovation focused firms

Urban and real estate recovery driven by talent and innovation focused firms

real estate recoveryInnovation-oriented industries and talent concentration are driving urban and real estate recovery, with notable hot spots in parts of the US, Europe and Asia, according to JLL’s new report, Innovation Geographies (registration). The authors claim that cities that perform best on these measures will be best positioned for economic growth post-pandemic, demonstrating a strong link between innovation, talent ecosystems and real estate performance. More →

Real estate players join forces with Urban Land Institute to fast-track decarbonisation

Real estate players join forces with Urban Land Institute to fast-track decarbonisation

real estateThe Urban Land Institute (ULI) has kicked off a new project in partnership with several major real estate organisations – including Allianz Real Estate, Catella, Hines, Redevco and Schroders Capital – that will support the built environment in Europe on its urgent journey to carbon neutrality. More →

Why real estate businesses can’t afford not to invest in sustainability

Why real estate businesses can’t afford not to invest in sustainability

sustainabilityThe World Green Building Council (WorldGBC), a global network accelerating sustainability and decarbonisation in the building and construction sector, has set out the updated value proposition to drive investment in a sustainable built environment by launching a new flagship report ‘Beyond the Business Case’ at COP26 in Glasgow. More →

Corporate real estate markets continue to improve worldwide, report claims

Corporate real estate markets continue to improve worldwide, report claims

global corporate real estateThere has been a further improvement in sentiment across the global corporate real estate market, according to the latest RICS Global Commercial Property Monitor. Respondents highlight a continued steady recovery, with the Americas and Europe leading the way. Importantly the improvement is being recorded on both the occupier and the investor sides of the market, reflecting improved macro-economic factors. Sentiment amongst both occupiers and investors continues to recover, consistent with the expectation of a sustained economic recovery from the pandemic.  The global sentiment reading for occupiers rose from -26% to -10%, whilst for investors it climbed from -10% to +1%. However, whilst forecasts for the global economy have strengthened, uncertainty remains over any future impacts of COVID following the upsurge in cases linked to Delta variant.

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Time to get real on what companies need from their real estate

Time to get real on what companies need from their real estate

A new era for real estateAs businesses return to their offices they are faced with a challenge – how do they reappraise their space requirements post-Covid? Social and technological advancements are changing real estate from being a fixed physical product, into flexible, employee-centric spaces that enable new models of hybrid working and business operations. These have a significant impact on the ways that businesses work and the options available to them. More →

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