PropertyEU
International investors drive down Dutch office yields
Date: 6 September 2011
Category: Research
International investors are showing a strong interest in the main Dutch office markets, resulting in net yields being driven downward to between 5.3% and 5.7%, according to research released by Savills.

The office markets of Rotterdam and The Hague recorded investment turnover for EUR 80 mln and EUR 107 mln respectively in the first half of 2011.

Investment in Amsterdam was in line with last year's figures at EUR 200 mln but Utrecht's total of EUR 67 mln was slightly lower.

The international real estate advisor reports that the yield gap between prime and secondary office locations has widened to 100 basis points (bps) in Rotterdam, 130 bps in Utrecht, 150 bps in Amsterdam but the widest gap of 170 bps was recorded in The Hague market.

Jeroen Jansen, head of research at Savills Netherlands, said: 'The Hague office market in particular showed promising figures with investment volumes increasing 9% but occupier demand jumped to 34%. However, we expect overall figures for the occupier market to remain stable in the second half of the year - the challenge of oversupply continues.'
 
Gagfah offers to buy back EUR 75m shares
Savills forecasts investment slowdown in H2
Sovereign debt issues polarise property markets
Deka acquires Biz Two office complex in Vienna
Curzon fund acquires Glasgow office for EUR 23m
International investors drive down Dutch office yields
European pooled funds stay postive: IPD
Majoirty of Von Essen Hotels under offer
CBRE Hotels mandated to sell London development
C&W to property manage for new Henderson fund
Commerz Real closes EUR 700m power grid deal
Grosvenor FM recruits Giles Wintle