Tag Archives: dublin
Forecasted Upturn In European Commercial Property Investment
By +Liam Bailey Wednesday 07 August 2013 Based on its latest research, consultancy DTZ is predicting that European commercial property will return an average 8 percent per year for the next five years. The firm predicts that industrial property will lead returns during the period, with an average 9 percent annually on the forecast, retail in second place with 8 percent and offices in 3rd at 7.5 percent. “We expect the Central and Eastern European markets and Dublin to deliver higher returns compared to core markets,” Fergus Hicks, global head of forecasting, said in the firm’s second quarter European Property Forecasts report. “This mainly reflects the fact that yields are currently higher in these markets.” Some will be surprised at Dublin’s place atop the forecast with 15 percent yields forecast across all sectors. However this is to be expected now that the Irish economy is recovering more strongly , although “some yield compression” will also play a part DTZ believes. According to the report European commercial property rents are set for slow growth of 2.5 percent during the 5 year period, with retail rents leading growth at 3 percent, followed by office rents forecast to grow 2 percent and the industrial at 1.5 percent. Recent reports have shown the strength of the European commercial market, with CBRE recently reporting 13 percent growth in investment for the second quarter, with a total of over 31 billion Euros, and according to Cushman and Wakefield deals in the region are at a 5 year high. Continue reading
First Irish REIT Raises €310m
JOHN MULLIGAN – 13 JULY 2013 Ireland’s first Real Estate Investment Trust (REIT) has raised €310m after strong international interest in the property investment vehicle led to it being significantly over-subscribed. The REIT backed by executives at Green Property received a major endorsement from US-headquartered global investment group Pimco , which, through a vehicle it controls in Luxembourg , has taken a 10pc stake in the REIT. Pimco has over $2 trillion (€1.5trn) of assets under management. The Green REIT – due to float on the Irish Stock Exchange next Wednesday – will primarily target investment property in south Dublin. Green Property executives backing the REIT – including the firm’s chairman Stephen Vernon and chief executive Pat Gunne – had hoped to raise €200m for the investment vehicle. They and other Green Property top brass are stuffing a total of €10m of their own money into the REIT. Green Property owns the Blanchardstown Shopping Centre in Dublin and has been a canny player in the property market, offloading some valuable assets before the market imploded. The REIT is the first to be launched in Ireland and comes on the heels of changes made this year to legislation in the Finance Act. It’s also the first such vehicle to be listed on the stock exchange. Gary Kennedy, the chairman of the REIT, said the fundraising was a “strong endorsement” of investors’ confidence in the Green Property management team and their track record. “It also highlights the opportunity evident in the sectors of the Irish commercial property market that Green REIT is targeting,” he said. Irish Independent Continue reading
Site Potentials for Biomass Power Plants in Poland (Analyst Version)
DUBLIN, June 13, 2013 /PRNewswire/ — Research and Markets ( http://www.researcha…site_potentials ) has announced the addition of the “Site Potentials for Biomass Power Plants in Poland (Analyst Version)” report to their offering. (Logo: http://photos.prnews…20130307/600769 ) The Polish market for renewable energies has reached a turning point. The new Polish Act on Renewable Energy Sources entails new opportunities for developing biomass power plant projects including locations of the wood or furniture industry. At present, mono-incinerators at such locations produce less than five per cent of the Polish electricity from biomass. Most potentially favourable locations have not yet been developed. Instead, almost 80 per cent of the biomass electricity and more than a third of the renewable energies in Poland are generated through co-incinerating biomass in coal power plants. The new Polish Act on Renewable Energy Sources is scheduled to come into effect in the second half of 2013. According to this law, the support of co-incinerators should decrease significantly in the future. By contrast, smaller biomass power plants, mono-incinerators and electricity generation by using combined hear and power (CHP) technology should receive stronger support. At the same time, the goals in terms of developing and boosting renewable energies are once again increasing. In light of this development, experts have jointly analysed the market for electricity generation from solid biomass in detail. The report focuses on the identification of industrial locations that produce large amounts of biomass. The analyst version of the report Site Potentials for Biomass Power Plants in Poland includes: – A detailed analysis of the current and future legislation for promoting renewable energies and electricity generation from solid biomass in Poland. – An evaluation of the biomass streams that are currently being used as fuel in biomass power plants, including their amounts and sources. Key Topics Covered: Preface for the analyst version Preface Management Summary Part 1: Legislation and market 1 Country data 2 The electricity market in Poland 3 Renewable energy and CHP legislation 4 Current market Part 2: Solid biomass streams 5 Forest wood residues 6 Wood processing industry 7 Agricultural biomass 8 Recycling wood and landscape residues 9 Export / import Glossary Table of figures For more information visit http://www.researcha…site_potentials Research and Markets Laura Wood, Senior Manager. press@researchandmarkets.com U.S. Fax: +1-646-607-1907 Fax (outside U.S.): +353-1-481-1716 Sector: Environmental SOURCE Research and Markets Continue reading
