NEWSEC PROPERTY OUTLOOK • SPRING 2020
DEFINITIONS ●
DEFINITIONS General
Logistics
Public Properties
• All rents, yields and vacancies are end-of-year values.
•T he forecast is referring to warehouses and logistics premises.
• All forecasts are referring to nominal values.
•T he rents are referring to premises of 5,000-10,000 sqm with a 10 year lease agreement.
• A public property is defined as a property used predominantly for tax-financed operations and specifically adapted for community service. In this document, public properties are limited to schools (pre-schools and primary schools), hospitals, and elderly care homes.
• The rental levels are the most probable prime rent when signing a new lease agreement.
•T he rent is excluding heating and property tax. •T he rent refers to modern, newly built premises with a solid lease contract and tenant A properties.
• The market data refers to public property premises of normal to modern standard with normal space efficiency.
• The forecast is referring to new/refurbished modern and flexible office premises with normal area effectiveness.
Residential
• The market rent refers to the rent excluding supplements.
• The rents are referring to premises of at least 500 sqm.
•D efinitions generally, as well as of new and old housing depend on the country.
• All yield levels are referring to net initial yield. Offices
• The rent is excluding heating and excluding property tax.
•T he forecast is referring to attractive locations with an area of around 80 sqm.
Exchange rates All rents and transaction volumes are calculated using the average exchange rates in 2019.
Retail • The rents are referring to modern retail premises of 70-250 sqm. • The rent is excluding heating and excluding property tax. • The rents refer to prime areas with definitions by each country.
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