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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
Euromonitor International report ranks Arabian Oud 11th Among Global Premium Fragrances Based On Retail Sales Value In 2012
Saudi Arabia: Monday, June 17 – 2013 at 12:01 PRESS RELEASE A recent global study conducted by Euromonitor International Limited has revealed that Arabian Oud has occupied the 11th place among global premium fragrances sales based on retail value sales in 2012, underlining its position as one of the world’s top fragrance brands. The study further positioned Arabian Oud as the number one beauty specialist retailer in the Middle East and Africa, thereby maintaining its leadership among the regional market. Euromonitor also links Arabian Oud’s strong brand performance to the solid growth achieved by KSA’s fragrance market, which grew 14.5% in 2012 to reach a value of Euro696m, accounting for 2.2% of the global market. Moreover, in the total feminine fragrance market, Arabian Oud was ranked 13th globally, while it was ranked 10th globally in the feminine fragrance selective market category. Euromonitor International Ltd is a privately owned, London-based market intelligence firm, providing market research, business intelligence reports, and data to industry. Euromonitor’s research and consulting unit offers competitor intelligence, market and trends analysis, mergers and acquisitions research, and statistical data analysis and modelling in a range of industries ranging from consumer goods to travel services. With 40 years’ experience in developed and emerging markets, the company’s research method is built on a unique combination of specialist industry knowledge and in-country research expertise. Continue reading
