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More Cash Poised for European Property

LONDON-The size of the invested commercial property market in Europe has the scope to grow by around euro70 billion ($81 billion) to euro1.9 trillion ($2.2 billion) by the end of 2007, according to DTZ's Money into Property--Europe report

By Charlie Jacoby | Updated on July 04, 2003

LONDON-DTZ estimates that the corporate and government real estate externalisation potential across the 20 European countries is around €70 billion ($81 billion) over the next four years, bringing the total annual investment to €1.9 trillion ($2.2 billion) by the end of 2007, according to DTZ’s Money into Property–Europe report.

DTZ’s figure, which includes sale and leasebacks, outsourcing and pure disposals by both corporates and governments, compares with a figure of around €30 billion ($35 billion) over the last four years.

Peter Collins, Head of Global Investment at DTZ commented: ‘The market has largely been dominated by the opportunistic funds and going forward they will have more regard to covenant strength and the underlying asset value of the property.’

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