Newsletter_Q2_2018_UK

Newsletter Q2 2018

PROPERTY MARKET INDICATORS

2018

2016

2017

Rent levels

Q4

Q1

Q2

Q3

Q4

Q1

Q2

DKK/sqm/year excluding operating costs and taxes Copenhagen Prime

575 325 425 275 425 275 6.25 8.50 6.50 8.50 6.50 9.75 2.70 4.00 2.90

575 325 450 275 425 275 6.00 8.50 6.25 8.50 6.25 9.75

575 325 450 275 425 275 6.00 8.25 6.25 8.50 6.25 9.50

575 350 450 275 425 275 6.00 8.25 6.25 8.50 6.25 9.50 2.40 3.40 2.30

575 350 450 275 425 275 6.00 8.00 6.25 8.25 6.25 9.50

600 375 475 275 450

625 375 475 275 450

Secondary

Aarhus

Prime

Secondary

Triangle Region

Prime

Secondary

275

275

Net initial yields* % Copenhagen

Long Short Long Short Long Short

6.00 8.00 6.00 8.00 6.00 9.50

5.75 7.75 6.00

Aarhus

7.75

Triangle Region

6.00 9.25

Vacancy rates % Greater Copenhagen

2.70 3.90 2.90

2.30 3.60 2.80

2.30

2.50

2.30 2.70

Aarhus

3.10

3.10

Industrial** *Long and Short denotes the lease term Triangle Region

2.40

2.40

2.10

**Industrial includes production, storage and logistics facilities

2016

2017

2018

Rent levels

Q4

Q1

Q2

Q3

Q4

Q1

Q2

DKK/sqm/year excluding utility charges, etc. Copenhagen Prime

1,900 1,600 1,550 1,400 4.00 4.50 4.75 5.00

1,900 1,650 1,600 1,450 3.75 4.50 4.50 4.75

1,950 1,700 1,600 1,450 3.75 4.50 4.50 4.75

1,950 1,700 1,650 1,450 3.75 4.50 4.50 4.75

1,950 1,750 1,650 1,500 3.75 4.25 4.50 4.75

1,950 1,750 1,650 1,500 3.75 4.25 4.50 4.75

2,000 1,700 1,650 1,500

Secondary

Greater Copenhagen

Prime

Secondary

Net initial yields % Copenhagen

Prime

3.75 4.25 4.25 4.50

Secondary

Greater Copenhagen

Prime

Secondary

Resi*** ***) Residential rent levels and net initial yields quoted for newly built residential units of 80-100 sqm, discounting ground-floor and penthouse units. Note that residential vacancy rates are not included as units in residential properties subject to market rent are virtually fully let. Definitions: Copenhagen: City of Copenhagen and City of Frederiksberg. Greater Copenhagen: Municipalities neighbouring Copenhagen in the Capital Region of Denmark, albeit including Hellerup, which is part of the Municipality of Gentofte but where data for Copenhagen are valid.

Prime residential location: e.g. Langelinie and Havneholmen in Copenhagen; Lyngby and Rødovre in Greater Copenhagen. Secondary residential location: e.g. Valby and Ørestad Syd in Copenhagen; Brøndby/Glostrup/Albertslund in Greater Copenhagen.

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