Altus Group Releases Its Q2 2024 Pan-European Dataset Analysis on CRE Valuation Trends
Altus Group Releases Its Q2 2024 Pan-European Dataset Analysis on CRE Valuation Trends
Minimal write down in property values across Altus' Pan-European valuation dataset in Q2 2024
在Altus全歐洲估值數據集中,房地產價值在2024年Q2保持了極小的下降
LONDON, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Altus Group Limited ("Altus Group" or the "Company") (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate ("CRE"), today released its Q2 2024 Pan-European dataset analysis on European property market valuation trends.
2024年8月19日,(環球新聞電) - 商業房地產資產和基金情報提供商Altus Group Limited(「Altus Group」或「公司」)(TSX:AIF)今日發佈了其Q2 2024全歐洲數據集分析,涵蓋歐洲房地產市場估值趨勢的洞見。
Each quarter, Altus Group centralizes and standardizes CRE valuation data for the European market, pulling insights into the factors driving commercial property valuations. The Q2 2024 aggregate dataset included Pan-European open-ended diversified funds, representing €29 billion in assets under management. The funds cover 17 countries and primarily span the industrial, office, retail and residential property sectors.
每個季度,Altus Group會爲歐洲市場集中和標準化商業房地產估值數據,爲推進商業房地產估值的因素提供洞見。Q2 2024數據集彙總了全歐洲的無固定期限多元化基金,管理資產價值達到290億歐元。這些基金涵蓋了17個國家,主要是工業、辦公室、零售和住宅房地產板塊。
"Property values across the Pan-European valuation dataset remained largely unchanged in Q2 2024, registering a slight sequential decline of only -0.06% over Q1 2024," said Phil Tily, Senior Vice President at Altus Group. "This marks the smallest downward revision since values began declining in Q3 of 2022. Over this eight-quarter period, the property values within this dataset have dropped by a total of 16.5%. The minimal decrease in Q2, coupled with the recent interest rate cut, points to more stability ahead as value declines are moderating significantly."
"整個全歐洲估值數據集中的房地產價值在2024年Q2保持了較小程度的下降,僅比2024年Q1小了-0.06%。"Altus Group高級副總裁Phil Tily表示:"自2022年Q3以來,這是最小的下降值了。在這八個季度期間,這個數據集中的房地產價值總共下降了16.5%。Q2中的輕微減少,加上最近的減息,預示着更多穩定性,因爲價值下降的趨勢正在逐漸減緩。"
Despite the European Central Bank's 25 basis point cut in the base interest rate in June, yields continued to move out for a ninth consecutive quarter, putting further downward pressure on values though at a moderating pace. Low single-digit yield increases were recorded across all sectors and accounted for -0.7% value change across the dataset. Factoring in the ongoing slight improvement in cashflows, appreciation levels finally crossed the divide, turning positive in each of the main sectors except office.
儘管歐洲央行在6月份減息了25個點子,但收益率在第九個連續季度繼續下降,以逐漸的速度進一步向房地產價值施加下行壓力。全數據集中記錄了所有板塊中收益率增加不到1%的數據,並導致數據集合共值下降了0.7%。基於現金流小幅改善,除了辦公室外,所有板塊的資產增值均已經轉正。
Key highlights by sector include:
板塊亮點包括:
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Industrial: continues to be the strongest performer with values up 0.5% over Q1 2024. Cashflow gains for this sector added 1.1% to values, balancing out a relatively small negative yield impact of -0.5%.
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Office: a minor downward revision in projected cashflows, along with a larger than average yield increase, resulted in further write-downs with values declining by 0.8% over Q1 2024.
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Retail: values turned positive in the second quarter, up 0.2%, but with mixed results across property types. Parks and warehouse properties were the top performing with values up 3.1%, followed by supermarkets (0.3%). There were minimal write-downs among shopping centres (-0.6%) and high street assets (-0.1%).
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Residential: cashflow upside of 0.6% cancelled out a comparatively minor yield offset of -0.4%, resulting 0.3% increase in value over Q1 2024.
- 工業:繼續表現最強的板塊,估值比2024年Q1增長了0.5%。該板塊現金流增加1.1%,平衡了較小的負收益影響(-0.5%)。
- 辦公:預計現金流下降幅度較小,加上由於大幅增加的收益,導致進一步估值下調,與2024年Q1相比下降了0.8%。
- 零售:在第二季度,估值逐漸走高,較2024Q1增加了0.2 %,但不同產業的房產市場表現不同。公園和倉庫物業的表現最爲突出,漲幅達到3.1%,超市漲幅爲0.3%,而購物中心(-0.6%)和商業街資產(-0.1%)的估值均出現了小幅下行。
- 住宅:0.6%的現金流增長與-0.4%的收益抵消,導致估值較2024年Q1上升了0.3%
For detailed review of the sector trends by asset class, please visit Altus Group's insights articles at:
有關資產類別的板塊趨勢的詳細評論,請訪問Altus Group的洞見文章:
About Altus Group
關於Altus Group
Altus Group is a leading provider of asset and fund intelligence for commercial real estate. We deliver intelligence as a service to our global client base through a connected platform of industry-leading technology, advanced analytics, and advisory services. Trusted by the largest CRE leaders, our capabilities help commercial real estate investors, developers, proprietors, lenders, and advisors manage risks and improve performance returns throughout the asset and fund lifecycle. Altus Group is a global company headquartered in Toronto with approximately 2,900 employees across North America, EMEA and Asia Pacific. For more information about Altus (TSX: AIF) please visit .
Altus Group是商業房地產資產和基金情報的主要提供商,通過行業領先的技術、先進的分析和諮詢服務,爲全球客戶提供智能化服務。享有最大商業房地產領導者的信任,我們的能力可以在整個資產和基金生命週期中幫助商業房地產投資者、開發商、業主、貸款人和顧問管理風險並提高績效回報。Altus Group是一家總部位於多倫多的全球公司,在北美、歐洲、中東以及亞太地區擁有約2,900名員工。有關Altus的詳細信息(TSX:AIF),請訪問。
FOR FURTHER INFORMATION PLEASE CONTACT:
欲了解更多信息請聯繫:
Elizabeth Lambe
Director, Global Communications, Altus Group
+1-416-641-9787
elizabeth.lambe@altusgroup.com
Elizabeth Lambe
全球通信董事,Altus Group
+1-416-641-9787
elizabeth.lambe@altusgroup.com