
Spotlight: European Office Value Analysis – Q2 2024
"European office yields remain stable at 4.9%, as pricing expectations begin to align"
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"European office yields remain stable at 4.9%, as pricing expectations begin to align"

"The market seems to be bottoming out in terms of activity levels and pricing. European real estate investment volumes are estimated to reach approximately €44.5bn in Q2 2024, an 18% increase from the previous quarter. The investment volume for the year's first half is likely to exceed €74bn, roughly in line with H1 2023."

"With economic conditions brightening, the investment market has demonstrated a marked improvement in the first quarter of the year, even as the occupier market remains muted"

"The investment market appears to be thawing"

"Navigating the new data-centric frontiers"

"Savills Research and Savills Investment Management recently conducted a European Living Investor Survey, with 63 respondents who collectively have over €700bn in real estate AUM, to gauge investor sentiment and expectations for the Living and Hotels sectors."

"The European AI market will reach €76.5bn this year, up by 25.9% compared to 2023, and then show an annual growth rate of 15.9% until 2030. The expanding footprint of AI applications is ushering in a paradigm shift within the realm of data centres."

"As energy stands as the backbone of data centre operations, the industry finds itself grappling with mounting pressure and constraints imposed on the electricity grid. This challenge presents an intricate dilemma since it is poised to persist in the foreseeable future."

"The imperative to address sustainability within the data centre realm has never been more pressing. In spite of the impressive 'greening' improvements made by the industry over the past decade, customers, regulators and investors are increasingly demanding greater sustainability efforts."
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"Twenty submarine cables, accounting for 10% of the existing infrastructure, are due for completion by 2027. This will add roughly 150,000 kilometres of cables to the European network."