EURO PROPERTY


according to figures from CBRE. Total European investment reached €41.6bn in Q4, up 48% on Q3 and 16% on Q4 2011. Naturally, the performance was not


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uniformly spread. For example, a rise in activity in western Europe offset a slowdown in activity in CEE, although CBRE notes that there was a strong finish to the year in Russia’s main markets Moscow and St Petersburg and in Poland. The fourth quarter was the most active three


months for Poland since 2006. Warsaw office take-up reached 153,200 m2


, boosting the 2012 total to a record 608,500 m2 , up by 6% on 2011, according to the Warsaw Research


TAP HERE TO SEE MIPIM 2012 IMMO WIRTSCHAFT GERMANY SUPPLEMENT


Forum, which comprises CBRE, Colliers International, Cushman & Wakefield, DTZ, Jones Lang LaSalle, Knight Frank and Savills. But Jonathan Hull, head of EMEA capital markets at CBRE says: “The European investment market has displayed further polarisation in 2012


with a north-south divide becoming increasingly apparent.” At the northerly end of the geographic scale,


the Nordic region continues to attract investors and the markets in Stockholm, Oslo and Helsinki are highly competitive. In a sale-and-leaseback deal, Madison International Realty, a New York-based


investment company, bought a NKr392m (€53.3m) interest in the petrochemical company Statoil’s complex in Oslo, Norway in what was the second-largest single-asset transaction in the Norwegian market in 2012. Elsewhere in western Europe, investment in French real estate grew by 4.5%, to €16.8bn, last year compared with 2011. “The year 2012 was a surprisingly good one


for the French investment market, which was boosted by the rise in transactions sized over €100m as well as a few deals above the €500m mark,” said Boris Cappelle, head of investment at Savills France. “This is mostly a result of ongoing activity from Qatari buyers interested in French trophy


CITIES MAKE A STAND MIPIM 2013 will feature exhibits from many of the world’s major cities in pavilions that will bring together all stakeholders such as political leaders, public authorities, corporate partners, architects and developers. Among them will be Paris, London, Moscow,


Cardiff, Glasgow, Leeds, Berlin, Frankfurt, Hamburg, Munich, Stuttgart, Marseille, Barcelona, Oslo, Lisbon, Turin, Geneva, Zurich, Saint-Petersburg, The Hague, Utrecht, Istanbul, Athens and Montreal and more.


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