Commercial Investment Real Estate November/December 2018 | Page 44

INTERNATIONAL
B E AT
Europe’s
Big Deal
First Coffee, Then Shopping
The coffee and restaurant category led global retail expansion in 2017.
% of Global Retail Expansion
25%
Coffee & Restaurants
18%
Midrange Fashion
16%
Specialist Clothing
14%
Luxury & Business Fashion
7%
Health & Beauty
Homeware & Department Stores 5%
Value & Denim 5%
Consumer Electronics
Supermarkets
2%
1%
8%
Other
Source: CBRE: How Global Is the Business of Retail?
Danish pension fund PFA has acquired the
multiproperty Century portfolio for a gross
investment volume of more than 1 billion
euros from Frankfurt-based Industria Wohnen.
PFA’s partner and asset manager is Munich-
based Domicil Real Estate Group. The portfolio
includes one commercial building and 33
residential properties with a total of more
than 3,700 residential units, spread over 15
locations in Germany. About two-thirds of the
apartments are in metropolitan areas such as
Berlin, Munich, Hamburg, the Rhineland, and
the Rhine-Neckar region.
Canadian and Australian cities are out in front when
it comes to percentage of green office buildings.
City
Market Total
(million sf)
% of sf
Green-Certified
Vancouver, Canada 55 51.6%
Toronto 49 51.0%
Sydney 55 46.5%
Melbourne, Australia 49 28.8%
Warsaw, Poland 54 21.3%
Frankfurt, Germany 118 17.5%
Stockholm 124 12.6%
Amsterdam 73 11.0%
Paris 312 9.1%
London 226 8.7%
Source: CBRE, International Green Building Adoption Index
Global Markets to Watch The 2020 Tokyo Olympics spurred construction of real
estate projects and infrastructure improvements in Japan’s capital city. Tokyo real estate guide REthink Tokyo points
to five areas of the city that are undergoing extensive redevelopment projects — Toranomon-Azabudai; around Tokyo
Station; Shibuya; Shinjuku; and the new Yamanote Line station.
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November | December 2018
COMMERCIAL INVESTMENT REAL ESTATE
Going Green at Work