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17-11-2011 :
Luxury residential market in Asia set to weaken further as buyers turn more cautious
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Buyers of luxury residential property in Asia turned more cautious in the third quarter under the impact of the faltering recovery in the United States, deepening Eurozone debt crisis and property cooling measures implemented by various governments across the region. Transaction volume in all markets recorded a significant decline y-o-y in the third quarter, with home sales in Hong Kong slumping to the lowest level recorded since 2009.
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14-11-2011 :
Logistics rental growth in Asia Pacific accelerates in Q3 but growth in land and capital values slows
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Growth in the CBRE Asia Pacific Logistics Rental Index accelerated to 2.0% q-o-q in the third quarter compared to 1.4% q-o-q in the second quarter. This was largely due to the strong performance of key Greater China markets, where retailers competed to secure quality logistics space in prime areas in anticipation of peak retail consumption during the Lunar New Year in January. Logistics rents in the Pacific held firm, although some markets recorded significant fluctuations.
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10-11-2011 :
Prime retail rental growth in Asia Pacific strengthens in Q3 despite global economic worries
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The CBRE Asia Pacific Prime Rental Index recorded another solid period in the third quarter despite the uncertain global economic picture, with growth accelerating to 2.4% q-o-q compared to 1.6% q-o-q in the second quarter. Greater China remained a key driver of regional rental growth as key markets in the PRC saw retailers expand aggressively on the back of strong domestic retail spending. Hong Kong and Singapore were the other standout performers in Asia, whilst rental growth slowed in the Pacific.
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08-11-2011 :
Asia Pacific Remains Well Placed to Weather Short-term Volatility Despite Slowing Office Rental Growth
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Expansionary demand for prime office space remained firm in Greater China in the third quarter but other key markets saw corporate activity decline amid the uncertain global economic outlook. The CBRE Asia Pacific Office Rent Index mildly increased by 2.2% q-o-q in the third quarter, the lowest rate of growth recorded since the third quarter 2010 as corporate turned more cautious. Cost reduction continued to drive demand for office space in Hong Kong and in Tokyo, whilst in Singapore the flow of leasing deals also began to ease.
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29-08-2011 :
Real estate investment in Asia Pacific turns more cautious in second quarter
but market fundamentals remain firm
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According to CB Richard Ellis’ Asia Pacific Capital Markets MarketView report for Q2 2011, commercial real estate sales in Asia Pacific totaled US$9.0 billion in the second quarter of 2011, a decline of 39% q-o-q, as investors in Asia turned more cautious following the March 11 earthquake and tsunami in Japan and the worsening economic picture in the United States and Eurozone. Whilst transaction volume in Asia fell by 52% q-o-q, the Pacific markets picked up strongly by 228% q-o-q, albeit coming off a low base following a slow start to the year.
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18-08-2011 :
Prime retail rents accelerate in Asia Pacific in Q2 as retail sales remain solid across key markets
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Prime retail rental growth in Asia Pacific accelerated in the second quarter with the CB Richard Ellis Asia Pacific prime retail rental index rising by 5.3% y-o-y. The figure was an improvement on the 4.1% y-o-y growth recorded in the first quarter and rental growth is now back to where it was prior to the onset of the global financial crisis in mid-2008. Greater China recorded robust growth of 12.3% y-o-y whilst the Pacific re-emerged as a driver of growth during the period, rents rising by 6.8% y-o-y.
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07-07-2011 :
CB Richard Ellis Achieves Carbon Neutrality Goal
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CB Richard Ellis Group, Inc. (CBRE) announced today that it has achieved carbon neutrality for its 2010 global operations. In 2007 CB Richard Ellis adopted a companywide Environmental Stewardship policy, which included the goal of becoming carbon neutral. CB Richard Ellis is the first global commercial real estate services firm to achieve carbon neutrality.
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02-06-2011 :
CB Richard Ellis Group, Inc. Releases ViewPoint on Real Estate Impacts of Great East Japan Earthquake
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Office and luxury retail rents in Tokyo could come under pressure in the aftermath of the Great East Japan Earthquake and the uncertain economic environment, while the industrial market could see a temporary uplift in demand with uncertain long-term effects on industrial rents, according to CB Richard Ellis’ (CBRE) preliminary assessment of the earthquake’s impact on the Japan real estate markets. The report also finds that Japanese investors and funds are likely to lead the recovery in transaction volumes, supported by domestic banks that remain willing to finance prime real estate acquisitions. These findings are included in a special Asia Pacific Viewpoint on Japan prepared by CBRE’s Asia Pacific and Japan Research teams and released today.
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24-05-2011 :
Strong Investor Interest in Asia Pacific Real Estate - Asia Pacific-based REITs dominate purchases
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Direct real estate investment markets in Asia Pacific witnessed a mixed performance in the first quarter of 2011 with Asia seeing a slight increase of 8% in total sales turnover, while Pacific fell 69%, quarter-on-quarter. Overall, transaction volume in Asia Pacific fell slightly by 2.4% to US$14.4 billion, however it remains comfortably above the 6-year average. The property fundamentals in commercial real estate are generally in good shape and improving, despite efforts to ease economic growth and inflationary pressures in some Asian countries, according to CB Richard Ellis’ latest MarketView report - Asia Pacific Capital Markets for Q1 2011.
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24-05-2011 :
Offices keep filling across Asia Pacific
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Corporate expansion remained the major demand driver for prime office space in Asia Pacific during the first quarter of 2011, with occupiers particularly active in absorbing space in the leading cities of China and India as well as in Singapore.
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31-03-2011 :
Logistics costs in China set to spike
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Against the backdrop of robust demand for logistics facilities to support the rapid growing economy, specialist industrial developers and owner occupiers are currently encountering difficulties, on a nationwide basis, in sourcing land sites for the construction of logistics facilities. In the latest Asia View Point report, CBRE pointed to several reasons why China will face a more acute shortage of logistics land supply and a more rapid rate of appreciation of logistics rents.
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15-03-2011 :
Asian REIT market strengthens in second half of 2010: Period witnesses steady acquisition activity and 8 new listings
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Asian REIT markets strengthened in the second half of 2010 as acquisition activity rose and interest in IPO activity intensified, according to CB Richard Ellis’ 2H 2010 edition of “REITs Around Asia”. Acquisitions by REITs in the second half totaled US$5.6 billion, bringing total acquisitions for the full year 2010 to around US$11 billion. The total market capitalisation of Asian REITs rose by 46.8% y-o-y to US$95 billion for the whole year, with the second half witnessing the addition of eight new REITs and some stellar price growth.
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08-03-2011 :
Prime London residential property still an attractive option for Asian investors
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Central London residential property has always been popular with overseas investors, particularly from Asia, but the market has never been as strong as it is right now. The weakness of the sterling still translates into discounts of around 20% for Chinese buyers; driving strong interest from buyers facing high prices and increasing restrictions in their domestic market.
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24-11-2010 :
Building Performance and Occupier Satisfaction Expected to
Produce Improved Return on Green Building Investments
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Sustainable buildings are expected to generate stronger investment returns than traditionally managed properties, according to an ongoing study of a national office portfolio managed by CB Richard Ellis. The study found that owners of sustainably managed buildings anticipate a 4% higher return on investment than do owners of traditionally managed buildings, as well as 5% [more] increase in building value. Roughly 79% of owners surveyed believe that sustainable properties perform well in attracting and retaining tenants, yielding a 5% increase in building occupancy and 1% increase in rental income.
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04-08-2010 :
Momentum Slows in Q2 in Asia’s Direct Real Estate Investment Market
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The Asian real estate investment market showed signs of continuing to make steady improvement in the first half of 2010 with direct real estate investment in the region rising 136% year-on-year during the period to be recorded at an estimated US$30 billion. Although activity levels rose significantly in virtually every Asian market as measured on a yearly basis, investment volume fell by 22% quarter-on-quarter in the second quarter as investors turned more cautious following the implementation of various measures by governments around the region intended to curb speculative activity. Worries over the fragility of the global economic recovery and the eurozone sovereign debt crisis also negatively impacted investor sentiment in the second quarter according to the CB Richard Ellis’s Asia Investment MarketView report covering the first half of 2010.
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26-07-2010 :
Rob Blain Awarded “Industry Champion” by RFP Magazine
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CB Richard Ellis (CBRE) is pleased to announce that Rob Blain, CEO and Chairman, Asia Pacific, has been awarded with the top accolade of “Industry Champion” at the 2010 RFP (Real Estate Facilities Projects) Outstanding Individuals Industry Awards. The awards celebrate the contributions of professionals in the real estate industry across Asia Pacific. RFP Magazine is one of Asia’s top trade titles and a leading magazine for industries of the built environment.
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07-06-2010 :
Prime Retail Rents Stabilise Across Global Markets -
Hong Kong remains the Third Most Expensive Retail Location
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Prime retail rents in the world’s leading shopping destinations stabilised in the majority of markets, and grew in a number of major cities, in the first quarter (Q1) of 2010, according to the latest CB Richard Ellis (CBRE) Global MarketView report on the retail sector. As the global economic recovery begins to gather momentum, consumer and retailer confidence have started to improve. Whilst this has still not translated into retail sales growth in most markets, demand for prime retail space remains healthy and vacancy in the best locations is low. As a result, there are some markets globally where prime rents are rising, and many more where the rate of decline has slowed or rents are now stable.
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20-05-2010 :
Signs of Rental Improvement in Global Office Markets
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Increased demand, together with more relocation activity, is slowing rental declines in the majority of global office markets, with growth beginning to accelerate in three major markets, according to the latest Global Office Rental Cycle report from CB Richard Ellis Group, Inc (CBRE). Overall, a tentative recovery of property markets is emerging, reflecting the improved economic activity globally.
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05-05-2010 :
Asia sees higher demand for premium office space
along with pick-up in “flight to quality” moves
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The opening quarter of 2010 saw robust office take-up in Asia’s major commercial centres as companies have become more willing to commit to space at the current rentals. Corporate occupiers are taking advantage of the fact that office rents have generally experienced downward correction for over a year in most markets, and some are availing themselves of this opportunity to upgrade their premises to Grade A facilities. At the same time, Asia’s overall business sentiment was buoyed by the continued improvement in the regional economy. The labour market has also tightened, with the unemployment rate clearly tracking downwards in most markets and large-scale companies announcing recruitment plans.
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04-05-2010 :
Asian Real Estate Investment Markets Remain Resilient in Q1 2010
CBRE Survey Finds Q1 Investment Turnover Jumped 215% Year-on-Year
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The Asian real estate investment market remained buoyant during the first quarter as investor sentiment remained largely positive, and investors continued to demonstrate cautious optimism. The steady flow of small and medium sized transactions witnessed in the latter half of 2009 continued to feed through into the year’s opening three months. Given the relatively low level of trading activity at the beginning of 2009, in the first quarter total direct real estate investment in Asia jumped 215% on a year-over-year basis to an estimated US$16.5 billion, according to CB Richard Ellis’ Asia Investment MarketView report for Q1 2009.
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16-02-2010 :
IAOP Names CB Richard Ellis Among Top Outsourcing Providers for Fourth Time
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The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. (CBRE) to The 2010 Global Outsourcing 100 for the fourth straight year. The list recognizes the world’s best outsourcing service providers across all industries, and is based on applications received and evaluated by an independent panel of judges organized by IAOP.
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09-02-2010 :
New Report Suggests Better Critical Facility Planning Needed for Improved business Continuity
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A critical facility, such as a data center, is arguably the most crucial resource within an organization, according to CB Richard Ellis’ (CBRE) latest report, “Evaluating Your Critical Facilities.” The white paper highlights that increased focus and planning around design, construction and management of data centers is critical to corporate success given the relentless demand for data storage, electronic communications and global economic connectivity.
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02-02-2010 :
Asian Real Estate Investment Markets Rebound in Second Half of 2009
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Asian real estate investment markets posted a strong recovery in the second half of 2009 after witnessing a difficult start to the year. Investment turnover bottomed out in the first quarter but improved thereafter as investor confidence gradually returned, underpinned by the strong rebound in the equity markets, the persistence of low financing costs and a stabilizing trend in price levels across key markets.
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03-12-2009 :
CB Richard Ellis Report Highlights Occupancy Cost Strategies To Leverage Current Market Environment
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Despite initial signs of economic recovery, corporations continue to seek aggressive ways to reduce their occupancy costs and take advantage of market conditions to improve and optimize their real estate portfolios. In response, CB Richard Ellis has produced a new special report, “Creative Occupancy Cost Reduction Transaction Strategies,” that outlines the steps firms can take to leverage current economic environment and capital deployment trends to their advantage.
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03-11-2009 :
Asian Office Market Continues to Improve as Rental Decline Slows Further
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The Asian office market down cycle has stabilized in the third quarter of 2009 as the improvement in Asian employment markets generally provided a clear indication that the office market was close to the bottom. Corporations outside of the export trade sector commenced expanding headcount and financial institutions began hiring staff to pursue high-margin businesses as economic conditions improved.
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11-05-2009 :
Asian Property Investment Turning More Positive After Muted First Quarter
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The Asian property investment market suffered an 83% q-o-q fall in sales in the first quarter of 2009 as investors’ appetite for risk remained weak and the gap between buyer / seller expectations continued to deter investment activity, according to the latest research report from CB Richard Ellis, Asia Investment MarketView Q1 2009. However, there was a noticeable improvement in sentiment in a number of key markets in March as the rate of economic decline appeared to be easing.
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30-04-2009 :
CB Richard Ellis Group, Inc. Reports First Quarter 2009 Financial Results
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CB Richard Ellis Group, Inc. (NYSE:CBG) today reported revenue of US$890.4 million and a net loss on a U.S. GAAP basis of US$36.7 million, or US$0.14 loss per diluted share, for the first quarter of 2009. Excluding one-time charges1, the Company’s net loss2 for the quarter was US$7.5 million, or US$0.03 loss per diluted share. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)3 totaled US$38.4 million for the quarter, which was negatively impacted by the inclusion of US$15.7 million4 of one-time charges.
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23-03-2009 :
CB Richard Ellis Named to “Companies that Care” 2009 Honor Roll
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CB Richard Ellis (CBRE) has been named to the Companies That Care Honor Roll for 2009. The Honor Roll was established to publicly recognize companies that highly value their employees, make a commitment to community service and reflect strong values in their daily business practices. CBRE has been named to the Honor Roll for the second consecutive year.
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20-02-2009 :
IAOP Names CB Richard Ellis Among Top Outsourcing Providers for Third Time
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The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. (CBRE) to The 2009 Global Outsourcing 100 for the third straight year. The list recognizes the world’s best outsourcing service providers across all industries, and is based on applications received and evaluated by an independent panel of judges.
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04-11-2008 :
Asian Office Market Faces Increasing Slowdown
As Global Economic Worries Hit Region
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The Asian office market has slowed further as the fallout from the global economic crisis hits the region, according to CB Richard Ellis’ Asia Pacific Office Market Review for the third quarter of 2008. The quarter saw the further easing of momentum in office leasing and the remainder of 2008 is likely to see the end of the upward cycle as potential occupiers grow cautious about committing to premium space.
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15-10-2008 :
CB Richard Ellis Expands Presence in Greater China
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CB Richard Ellis announced that it has opened a new office in Chongqing, a municipality in southwestern China. The new office in Chongqing represents the sixteenth full service office operated by CB Richard Ellis in Greater China and further enhances its service capabilities in response to demand from both domestic and international developers, investors and occupiers.
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27-06-2008 :
CB Richard Ellis Opens New Office in Shenyang to Further Enhance Capabilities in Greater China
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CB Richard Ellis announced today that it has opened a new office in Shenyang, Liaoning Province. This new office in Shenyang represents the fifteenth full service office operated by CB Richard Ellis in Greater China and forms part of the strategic expansion of the company in both the fast growing Northern China region as well as in Greater China as a whole. The opening of this additional office in Shenyang will also allow CB Richard Ellis to better serve the real estate needs of both domestic and international developers, investors and occupiers in China going forward.
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28-05-2008 :
London Remains World’s Most Expensive Office Market; Rapidly-Rising Moscow Jumps to Second Place
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London’s West End is once again the world’s most expensive office market, while rapidly-rising Moscow climbed to second place, according to CB Richard Ellis Group, Inc. (CBRE) Research’s semi-annual Global Market Rents survey. The report tracks world markets with the highest as well as fastest-growing occupancy costs for the 12 months ended March 31, 2008. Tokyo’s Inner Central Five Wards, Mumbai’s Nariman Point and Tokyo’s Outer Central Five Wards rounded out the top five most expensive markets.
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02-05-2008 :
Prime Office Rentals Continue to Face Upward Pressure
amid Ongoing Supply Squeeze
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An ongoing supply crunch continued to exert upward pressure on rentals in most Asian office markets during the first quarter of 2008. According to CBRE Research, the majority of the 16 cities covered in the quarterly Asian Office Market Flash have recorded vacancy levels below 5% for four or more quarters, and fresh supply is expected to be limited over the remainder of 2008.
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21-02-2008 :
IAOP Again Names CB Richard Ellis Top Outsourcing Provider
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The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. to The 2008 Global Outsourcing 100 for the second straight year. The list recognizes the world’s best outsourcing providers across all industries, and is based on applications received and evaluated by an independent panel of judges.
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20-02-2008 :
Overall Demand for Office Space in Asia Remains Robust,
with Grade A Office Markets Buoyant in Key CBDs
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Asian office markets maintained their positive momentum during the fourth quarter of 2007. Prime office vacancy remained extremely tight across much of Asia, hovering at or below 4% in Hong Kong, Singapore, Tokyo, Seoul, Ho Chi Minh City, Manila and key CBDs in India, including Bangalore, Mumbai and New Delhi. Strong demand and tight supply in prime locations continued to drive up prime office rents, with Singapore and New Delhi posting q-o-q rental growth of over 15%.
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25-01-2008 :
CB Richard Ellis Group, INC. Appoints Global Chief Economist
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CB Richard Ellis Group, Inc. (CBRE) today announced that Raymond Torto, Ph. D., one of commercial real estate’s most renowned economists and forecasters, has been named the company’s Global Chief Economist. In this newly created position, Dr. Torto will direct CBRE’s worldwide team of commercial real estate market analysts and will serve as the firm’s primary spokesperson on macro economic issues and the global commercial real estate market.
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22-01-2008 :
The Hong Kong Property Market Yearly Review & Forecast
We’ve Only Just Begun
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2007 was a dramatic year for the Hong Kong economy, the pace of growth accelerating as the year progressed. Domestic demand continued to play an important role in the economic upturn, as private consumption and investment expenditure continued to increase, while overseas players, including new entrants from the Middle East and Southeast Asia, pursued investment opportunities in Hong Kong.
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