Copenhagen Property Market Report 2020

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Copenhagen Property Market Report 2020

Deƒnitions

bps

Basis points

CAGR

Compound Annual Growth Rate

CAPEX

Capital expenditure

CBD

Central Business District

Core property

Property associated with low risk in all respects

ECB FTE GDP GLA

European Central Bank

Full-time equivalent. An FTE designates the hours worked by one employee on a full-time basis

Gross Domestic Product

Gross Lettable Area

KPI

Key Performance Indicator

Market expectations Net initial yield (%)

Arrows indicate trend forecasts for the next 12 months

First year stabilised return on investment (less deposits, less transaction cost) based on rental income less operating costs. Yield ƒgures compiled by Colliers are quoted at year-end Property with a substantial potential for added value, but associated with high risk, e.g. land sites producing no cash ˜ows or high-risk development projects

Opportunistic property

na

Data not available or undisclosed

NPI ppts

Net Price Index Percentage points

Prime rent

Refers to the best rent achievable in a top-quality building at locations that are considered top locations relative to their speciƒc use (o ce, retail, industrial, residential). Commercial rents are quoted in DKK per sq m p.a., exclusive of taxes and operating costs The net initial yield on a prime property in a prime location. For commercial properties this entails a 10-year lease with a ƒnancially strong tenant The net initial yield on a good standard property in a good secondary location. For commercial properties this entails let on a standard (3-5-year) lease with an average quality tenant Refers to the best rent achievable in a good standard building at locations that are considered secondary relative to their speciƒc use (o ce, retail, industrial, residential). Commercial rents are quoted in DKK per sq m p.a., exclusive of taxes and operating costs Property with a potential for added value, e.g. through redevelopment and proactive manage- ment, but associated with much higher risk than core property

Prime yield

Secondary yield

Secondary rent

Value-add property