Bnp Paribas Bank Polska Spolka Akcyjna · GPW:BNP
Bnp Paribas Bank Polska Spolka Akcyjna — BNP Paribas Real Estate — Présentation PowerPoint
16 slides from Bnp Paribas Bank Polska Spolka Akcyjna's investor presentation, February 2023
Slide 1: Europe CRE 360 Economic Outlook
EUROPE CRE 360 ECONOMIC OUTLOOK REAL ESTATE PERSPECTIVES GLOBAL RESEARCH February 2023
Slide 2: Real Estate Perspectives: Commercial Real Estate Investment Markets
EUROPE CRE 360 REAL ESTATE PERSPECTIVES COMMERCIAL REAL ESTATE INVESTMENT MARKETS
Slide 3: Investment in Commercial Real Estate in Europe
I N V E S T M E N T I N C O M M E R C I A L R E A L E S TAT E I N E U R O P E BREAKDOWN OF INVESTMENT BY ASSET CLASS €bn 2022 vs 2021 350 Investment plummeting 300 250 253 -12% Investment regained momentum over 2021 after the Covid-19 crisis to 200 reach pre-crisis levels as economies reopened wit
Slide 4: Commercial Real Estate Investment by Country
C O M M E R C I A L R E A L E S TAT E I N V E S T M E N T 2022 vs 2021 FINLAND GERMANY -16% 5.8 UNITED KINGDOM -19% NORWAY EUROPE – 2022 8.6 FRANCE +1% SWEDEN €253.0bn 15.6 BALTICS -12% vs 2021 NETHERLANDS -20% DENMARK 0.8 +25% 5.4 ITALY IRELAND SPAIN +29% 3.9 UNITED KINGDOM NETHERLANDS POLAND GERMA
Slide 5: Commercial Real Estate Investment Volume
C O M M E R C I A L R E A L E S TAT E I N V E S T M E N T V O L U M E INVESTMENT REMAINS HIGH EVEN WITH BUYER CAUTION CRE Investment volume (€ billion) €bn 100 Over 2021 and early 2022, markets recovered sharply to 90 post investment volumes similar to pre-pandemic levels. 80 In the current clim
Slide 6: Investment by Size Band
INVESTMENT BY SIZE BAND Commercial Real Estate Investment in Europe Total and >€100m size band - volume and share Deep slowdown in mega deals yet to €bn appear 350 • Mega deals (>€100m) volume in Q1 2020 reached a record figure of €154bn (on a 300 rolling-year basis), which represents 49% of the tot
Slide 7: Cross-Border Investment Market
CROSS-BORDER INVESTMENT MARKET Commercial Real Estate Investment in Europe Total, foreign and domestic investment €bn • Over 2022, foreign investment stood very high during the 350 first 3 quarters, it reached €146bn (on a rolling-year basis) 300 at Q2. It then declined sharply over Q4 (-54%) so tha
Slide 8: Average Prime Yields in Europe
AV E R A G E P R I M E Y I E L D S I N E U R O P E BASED ON 16 MARKETS Prime yield compression, mostly paused during 2020 with the pandemic except for 8% logistics. Compression resumed over 2021 with resumption of market activity. 7% Compression ended in 2022. 6% From H2 onwards, the first stron
Slide 9: Prime Office Yields
PRIME OFFICE YIELDS Office yield compression over 2021 came to a halt. Q2 and Q3 2022 showed the first Q4 2022 vs Q1 2022 signs of expansion, a trend that generalized in Q4. All the main European BERLIN +80bp HELSINKI markets experienced an expansion since Q1, the PARIS +30bp OSLO STOCKHOLM 3.90
Slide 10: Real Estate Perspectives: Office Markets
EUROPE CRE 360 REAL ESTATE PERSPECTIVES OFFICE MARKETS
Slide 11: Office Take-up in Europe – Main European Office Markets
O F F I C E TA K E - U P I N E U R O P E – 2 0 2 2 17 MAIN EUROPEAN OFFICE MARKETS* thousand sqm 12 000 y.o.y 10 000 +10% Average: 9,200 8 000 Q4/Q4 -21% 6 000 Q3/Q3 +8% 4 000 Q2/Q2 +38% 2 000 Q1/Q1 +41% 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Q1 Q2 Q3 Q4 Average Letting activity returne
Slide 12: Office Take-up in Europe
O F F I C E TA K E - U P I N E U R O P E 2022 vs 2021 CENTRAL LONDON +45% EUROPE – 2022 BERLIN -7% 11.24m sqm CENTRAL PARIS +13% 26 markets +11% vs 2021 AMSTERDAM -23% GLASGOW MADRID EDINBURGH +26% HAMBURG MANCHESTER 2022 take-up returned to its MILAN +28% AMSTERDAM long-term average DUBLIN BIRMINGH
Slide 13: Office Vacancy in Europe
O F F I C E VA C A N C Y I N E U R O P E Q4 2022 vs Q4 2021 HELSINKI CENTRAL LONDON +70 bp STOCKHOLM TALLINN EUROPE – Q4 2022 13.0% OSLO BERLIN -20 bp 5.9% 6.5% 7.4% 5.3% 11.2% VILNIUS 29 markets CENTRAL PARIS +70 bp +10bp vs. Q4 2021 HAMBURG RIGA 6.7% AMSTERDAM +20 bp DUBLIN 3.9% AMSTERDAM MADRID +
Slide 14: Office Prime Rents in Europe
OFFICE PRIME RENTS IN EUROPE Q4 2022 vs Q4 2021 Prime rents still driven by the demand for quality CENTRAL LONDON +19% TALLINN OSLO BERLIN +2% 226 Having sustained value over the 544 crisis period, prime office rents in 198 VILNIUS CENTRAL PARIS +8% the key cities are now growing HAMBURG RIGA 222
Slide 15: Locations
L O C AT I O N S EUROPE MIDDLE EAST / ASIA FRANCE BELGIUM ITALY NETHERLANDS DUBAI Headquarters Avenue Louise 235 Piazza Lina Bo Bardi, 3 Antonio Vivaldistraat 54 Emaar Square 50, cours de l’Ile Seguin - CS 50280 1050 Brussels 20124 Milano 1083 HP Amsterdam Building n° 1, 7th Floor 92650 Boulogne-Bil
Slide 16: Keep up to date with BNP Paribas Real Estate's news
KEEP UP-10-DATE WITH BNP PARIBAS REAL ESTATE'S NEWS, WHEREVER YOU ARE #BEYONDBUILDINGS 600 www realestate. bnpparibas.com k ‘i | BNP PARIBAS Real Estate for a changing world ES REAL ESTATE