European industrial investment volumes rebounded strongly in the third quarter, totaling €2.3 billion, up 13% quarter-on-quarter. This follows a slow second quarter, where volumes dipped by 14%. As a result, the year to date total of €6.8 billion is 15% ahead of the equivalent period last year, signaling strong ongoing investor appetite for logistics and industrial assets. “We are seeing an increasing volume of equity targeting new investment opportunities in the sector driven primarily by attractive income returns” comments Chris Staveley, Director, Jones Lang LaSalle [...]
JLL: European industrial real estate investment held up in Q3 despite financial market tensions (EU)
Jones Lang LaSalle: Romania remains attractive for industrial projects
Jones Lang LaSalle, a real estate consultancy, believes that Romania is still attractive for investors, especially in the agriculture and light industry sector. The company assisted The Toro Company in buying land for their production unit in Ploiesti West Park. Jones Lang LaSalle advised Toro on buying a 3.5 ha of land in Ploiesti West Park, developed by Alinso Group. Recently, Toro opened its new 12.500 m2 plant, with an investment reaching EUR 20 million, which will produce micro-irrigation systems. Irina Iliescu, senior consultant, Industrial & Logistics department of Jones Lang LaSalle [...]
IPD/JLL: UK Hotel values only 12.7% from their pre-recession peak (UK)
The IPD European Hotel Performance Report – sponsored by Jones Lang LaSalle Hotels, Invesco Real Estate and HVS and launched for the first time this year – shows the 2010 all hotels return across Europe to be 6.9% in local currencies, while UK hotels returned 14.9%. The report, which includes 373 hotels from nine constituent countries, worth €7.6 billion, aims to bring transparency to a sector relatively unknown to the average commercial property investor. As Tim Smith, Director at HVS explained, “Hotels are seen as a challenging investment class that requires detailed knowledge to [...]
2012, the best time to start new office developments?
In the first eight months of 2011, the Bucharest market area office has completed only 51,000 square feet, less than a fifth of all volume in 2010. In the context of increased demand for office space in the capital, in counterpoint to the low volume of deliveries, next year is shaping up to be a favorable one for starting new projects in this segment. "The market has a continuous and sustainable demand for office space, especially for the Splaiul Independentei / Semanatoarea and Floreasca / Nordului area, justified by the existence of subway stations respectively Petrache [...]
Jones Lang LaSalle Sweeps the Board at Euromoney Real Estate Awards 2011
Jones Lang LaSalle has been honoured with 64 awards at the prestigious annual Euromoney Real Estate Awards (2011), being voted number one Global Real Estate Advisor and Consultant. This is the third time Jones Lang LaSalle has won the overall global award since the award programme was established in 2005; this year the firm also was voted top Global Advisor and Consultant for Valuation and Research. Colin Dyer, President and Chief Executive Officer of Jones Lang LaSalle said: “Recognition in the Euromoney Real Estate Awards 2011 is noteworthy because the winners are voted for [...]
Q: How did 2012 start for the residential market in Iasi?
Dan Mihoci: The real estate market is headed towards normalcy, without “sentimental” pretentions of the seller or unfounded requests from buyers with an evident need for consultancy, for both buyers and sellers. Despite the bad weather and the economic and political instability, the real estate market is an interesting chapter for everyone.
Q: In 2011, the year started with a high level of interest but few transactions. How did the market evolve ... 
