Online retailers racing to build warehouses in central Europe are propelling the...
PRAGUE - Online retailers racing to build warehouses in central Europe are propelling the region’s real estate market to new heights and Asian investors on the hunt for higher yields are getting in on the act.
“Five years ago, I would not have expected to see Asian capital in the Czech Republic and Poland,” said Otis Spencer, P3’s chief investment officer. “What we have seen is more groups from Asia specifically targeting logistics assets.” Online retailers Amazon, Tchibo and Zalando - which opened a warehouse in Szczecin, Poland, in December and has plans for three more in the country - are just some of the e-commerce firms expanding in the region.Yields on industrial and logistics properties in the region range from 5.5 percent in Prague to 9.5 percent in Sofia, compared with 4.5 percent in Paris or Berlin, according U.S. real estate company Colliers International Group.
Other big investors include sovereign wealth fund China Investment Corp. It bought European warehouse firm Logicor for 12.3 billion euros in 2017 from private equity house Blackstone - which has since bought back a 10 percent stake.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Iran's Khamenei doubted Europe could help Tehran against U.S. sanctionsIran's Supreme Leader Ayatollah Ali Khamenei advised the government last Ju...
Baca lebih lajut »
France's Macron calls to protect Europe against nationalists, foreign powers and manipulationFrench President Emmanuel Macron has set out proposals to protect the European Union (EU) from foreign powers ahead of Brexit and forthcoming European Parliament elections.
Baca lebih lajut »
These are the top executives in EuropeInstitutional Investor ranked the continent's best CEOs, CFOs, and investor relations professionals across 31 industries.
Baca lebih lajut »
U.S. State Department says Europe is getting the message on HuaweiU.S. State Department says Europe is getting the message on the security risks posed by Huawei
Baca lebih lajut »
If a Wealth Tax is Such a Good Idea, Why Did Europe Kill Theirs?Senator Elizabeth Warren proposes a new kind of U.S. tax policy: a wealth tax. But the policy faces serious hurdles, including lessons from a failed experiment in Europe and a constitutional challenge.
Baca lebih lajut »
Europe calls for facts not fears in Huawei security rowFacts not fears should decide the future of telecoms network security in Europe,...
Baca lebih lajut »
Europe calls for facts not fears in Huawei security rowEurope has become the main battleground in a US campaign to rid Western networks of Chinese telecoms equipment, with Washington accusing Huawei Technologies of spying for Beijing, allegations the company has repeatedly denied.
Baca lebih lajut »
Germany's top central banker warns against bringing back stimulus in EuropeThe European Central Bank (ECB) shouldn't rush into implementing massive bond-purchase programs in the future, the head of the German central bank warned in an interview with CNBC Wednesday.
Baca lebih lajut »
JPMorgan hires commercial bankers, leaders across Europe, AsiaJPMorgan Chase & Co on Wednesday named half a dozen people to a commercial banki...
Baca lebih lajut »