Professional Report - 4th Quarter 2011

The Romanian market has seen improvements before and then declining more recently as provision of infrastructure remains a problem.

Key Market Data 2010

Country
City
Prime Industrial
Rent (€/sqm/
annum)

Prime Industrial yield

Summary

There remains a mixed picture across Europe for the next 12 months, with differing levels of optimism. Much will depend upon the resolution of the Eurozone debt crisis and continued steady growth in markets to enable consumer confidence to grow. This will in turn lead to the improvement in demand for logistics and warehousing product.

Well located international markets which have access to foreign capital to promote development as well as provide the end user demand are likely to be well into recovery in 2012 with rents increasing. The more secondary markets, both in terms of macro constraints and limitations of capital, will take another 2-3 years to recover.