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NewsLetter February 2006
23-02-2006: The Copenhagen commercial property market is booming.
This Sadolin & Albæk NewsLetter provides an update on current property trends in Denmark, in this issue with particular emphasis on the investment property market in Copenhagen, which according to the Sadolin & Albæk commercial property price index saw price increases of almost 20% in 2005. In general, the market is characterised by a high transaction volume and strong demand. Also, international investors have now seriously entered the Greater Copenhagen property investment market.
This NewsLetter features a special focus on the Copenhagen commercial rental market, where vacancy has come down at long last. Sadolin & Albæk therefore believes that new office construction is set to take off already in 2006, partly on speculation.
Furthermore, this NewsLetter includes a commentary concerning certain western European office markets, which continue to see high vacancy rates and a drop in investors' net initial yield requirements. Finally, we comment on the considerable investment activity in the German property market, in the housing segment in particular.
This NewsLetter includes a survey of property market indicators for rents, yields and vacancy rates in office, retail and industrial/logistics property in Greater Copenhagen, Aarhus and the so-called Triangle Region (Fredericia, Vejle and Kolding). This survey may also be downloaded separately.
Correction: Page 5 of NewsLetter February 2006 incorrectly has institutional investors accounting for 18% of investment property sales in Greater Copenhagen in 2005, while international investors accounted for only 12%. Mucht to our regret, the figures have been misrepresented. The correct figures are shown in the figure on page 6.
NewsLetter February 2006:
 NewsLetter February 2006
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