Europe Q1 property investments up yr-on-yr -CBRE

* Q1 sales up 65 pct yr-on-yr, down 26 pct qtr-on-qtr

* Quarterly decline due to seasonal factors -CBRE

* Growing number of large deals above 200 mln euros

LONDON, April 15 (BestGrowthStock) – European commercial real estate
investments hit 19.1 billion euros ($26 billion) in the first
quarter of 2010, up 65 percent on the year and boosted by strong
growth in German and Nordic markets, a report said on Thursday.

However, investment sales were down 26 percent from the 25.7
billion euros completed in the final quarter of 2009, property
consultancy CB Richard Ellis (CBG.N: ) said, pinning the fall to a
typically quiet first quarter for property markets.

CBRE said several markets also saw a quarter-on-quarter rise
in activity, notably Germany, Iberia and the Nordic region.

Sales in Germany rose 175 percent year-on-year to 4.6
billion euros in the first quarter. The Nordics gained 151
percent to 3.2 billion, while Central Eastern Europe was up 133
percent to 587 million euros.

By comparison the UK market, which has been rebounding since
July 2009 from a two-year downturn, grew a more moderate 31
percent year-on-year, although it was still the top European
market with sales at 5.86 billion euros.

In terms of sectors, retail properties were the strongest
performers so far this year, accounting for 42 percent of the
total investment volume in first-quarter 2010 and surpassing
office investment activity, CBRE said.

There has also been a growing number of larger deals this
year, with at least 12 worth more than 200 million euros in the
first quarter, against an average of eight a quarter in 2009.

“The growing number of large transactions in Europe reflects
the broadening range of investors who are able to transact at
the larger end of the scale,” Jonathan Hull, CBRE Executive
Director of EMEA Capital Markets, said.

“An increasing number of leveraged value-add and
opportunistic players are starting to be more active … helped
by improved sentiment in the debt market, they are expected to
become more prominent buyers through 2010,” he said.
Investing Analysis

(Reporting by Daryl Loo; Editing by Andrew Macdonald)
($1=.7331 Euro)
(See www.reutersrealestate.com for the global service for real
estate professionals from Reuters)

Europe Q1 property investments up yr-on-yr -CBRE