GlobeNewswire by notified

Challenging conditions to persist, but expectation of clearer rate outlook and tightening bid-ask spreads on the horizon

Share

Industrial & logistics, multifamily, and office remain top picks for 2024 with investors deploying new strategies in each sector

LONDON and TORONTO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The 2024 Global Investor Outlook released by Colliers (NASDAQ and TSX: CIGI) today reveals that challenging market conditions will persist into 2024, though expectations of a clearer rate outlook and tightening bid-ask spreads are on the horizon. Lower investment activity has constrained pricing discovery due to limited data points. As investors continue to seek stability in policy environments, industrial & logistics (I&L), multifamily and office sectors largely remain their top picks in the upcoming year.

Pockets of opportunity are continuing to emerge as distress forces companies to unlock capital via sale and leasebacks, and property funds face redemption pressures. Furthermore, a record proportion (25%) of investors surveyed have ESG-based disposal and acquisition strategies in place – up from 10% just two years ago. As a result, a wave of disposals and value-add opportunities are coming to market, with investors raising capital for brown-to-green conversions of these assets.

“We’ve heard from investors that stability is key. With anticipated ‘higher for longer’ interest rates to combat inflation, expectations for capital markets are tempered. If greater certainty emerges, along with the softening of underlying valuations, that will drive additional transaction volume next year. The best-positioned investors will be those who are ready to act on opportunity,” said Luke Dawson, Head of Global & EMEA Capital Markets at Colliers.

Sustained appetite for I&L leading to partnerships

Demand for all I&L segments is, and will remain, high. The limited supply of standard product is providing a solid backstop for values, leading more investors to explore specialized sub-sectors connected to the evolution of e-commerce and supply chains, including cold and dark storage, light industrial and manufacturing. Additional protectionist industrial policies and increasing cost of energy will encourage more onshoring and nearshoring of operations.

“Many investors feel I&L assets provide greater stability and growth potential, given its strong underlying fundamentals and structural drivers. Facing fewer lenders and higher borrowing costs, we’re seeing investors pool funds and form alliances and joint ventures with partners who have the expertise to navigate specialist or sub-sector markets,” said Damian Harrington, Head of Research, Global & EMEA Capital Markets at Colliers.

Demographic and economic drivers help multifamily retain appeal

Like I&L, the living sector has also shown more resilience, buoyed by a strong outlook. Investors anticipate that supply-and-demand imbalance caused by population growth and housing availability and affordability issues will support this sector for the foreseeable future. Many remain keen on deploying capital into alternative living classes such as purpose-built student accommodation and senior housing, both linked to fundamental demographic trends. The growth potential offered by build-to-rent (BTR) assets being developed is heightened too as overall high prices and mortgage rates keep households, students, and young professionals firmly in the rental pool.

Widening best vs. rest office performance

Relative to other markets, those in APAC have returned to the office in full force. Hubs such as Singapore, Tokyo and Seoul boast some of the world’s lowest office vacancy rates. While the fundamental need for office remains globally, investors are gravitating towards high-quality space and value-add opportunities to reposition assets to match the evolving needs of occupiers and employees. In fact, Colliers’ survey found that nearly 80% of investors expect sustainability-certified offices to command a premium, with 65% believing premiums will be upwards of 5% in EMEA and APAC.

“Availability of well-located, premium (net-zero / ESG) space will remain lean, while the value gap between the best and the rest continues to widen. This should contribute to spillover demand in retrofitted stock as investors generate value from brown-to-green conversions. The redevelopment and repurposing of assets to meet sustainability criteria or serve a new purpose is set to be a significant driver of activity next year and beyond,” continued Harrington.

“The path to market recovery will be uneven with divergence across multiple sectors around the world. Similar patterns are evident in hotel and retail, where budget segments are thriving as inflation-hit consumers look to control costs and luxury segments are being lifted by a wealthier customer base. It is the undistinguished middle market that is struggling to find traction with investors, unless heavily discounted. In a rapidly evolving environment, understanding markets and asset classes at a more granular level is critical to investors’ value-generating strategies,” concluded Dawson.

About the 2024 Global Investor Outlook

The fourth edition of our annual outlook for global property investors synthesizes the views of Colliers Capital Markets experts and the results of a survey of international investors. The findings and opinions featured in the report are shaped by their responses.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 28 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.5 billion and $98 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn

Media Contact
Andrea Cheung 
Senior Manager, Global Integrated Communications 
andrea.cheung@colliers.com
416-324-6402 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/86b34586-87cd-4691-b179-6b37ff06cbda

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Novo Nordisk A/S - share repurchase programme26.2.2024 12:02:48 CET | Press release

Bagsværd, Denmark, 26 February 2024 – On 6 February 2024, Novo Nordisk initiated a share repurchase programme in accordance with Article 5 of Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the "Safe Harbour Rules"). This programme is part of the overall share repurchase programme of up to DKK 20 billion to be executed during a 12-month period beginning 6 February 2023. Under the programme initiated 6 February 2024, Novo Nordisk will repurchase B shares for an amount up to DKK 2.1 billion in the period from 6 February 2024 to 30 April 2024. Since the announcement 19 February 2024, the following transactions have been made: Number of B sharesAverage purchase priceTransaction value, DKKAccumulated, last announcement394,500327,673,06019 February 202442,500855.9136,376,12820 February 202443,000855.3936,781,82921 February 202443,000829.8435,683,11022 February 202443,000848.4136,481,7

Calibre Intercepts High Grade Gold Mineralization at the Limon Mine Complex, Proximal to the Limon Processing Plant; Drilling Intersects Include 68.72 g/t Gold Over 2.0 Metres and 18.68 g/t Gold Over 6.0 Metres26.2.2024 12:00:05 CET | Press release

VANCOUVER, British Columbia, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre") is pleased to announce exciting drill results from its 2023 resource expansion and infill program at the Tigra, Limon Norte and Pozo Bono open pit deposits located next to the Limon processing plant. These high-grade intercepts combined with the recent positive news from the Panteon VTEM Gold Corridor, demonstrate that the entire Limon district remains open for expansion and discovery. Drill intercept highlights from the Tigra, Limon Norte and Pozo Bono targets include: 68.72 g/t Au over 2.0 metres Estimated True Width (“ETW”) and 16.49 g/t Au over 5.9 metres ETW including 26.71 g/t Au over 3.5 metres ETW in Hole LIM-23-4875;18.68 g/t Au over 5.9 metres ETW including 55.68 g/t Au over 2.0 metres ETW in Hole LIM-23-4876;9.26 g/t Au over 5.0 metres ETW including 17.10 g/t Au over 2.6 metres ETW in Hole LIM-23-4858;12.85 g/t Au over 4.2 metres ETW inclu

Cargotec announces positive results from the written procedures for its senior unsecured notes due 2025 and 202626.2.2024 12:00:00 CET | Press release

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 26 FEBRUARY 2024 AT 1:00 P.M. (EET) Cargotec announces positive results from the written procedures for its senior unsecured notes due 2025 and 2026 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO ANY PERSON LOCATED OR RESIDENT IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, SOUTH AFRICA, JAPAN, NEW ZEALAND OR SINGAPORE OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES. THIS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR BUY ANY OF THE SECURITIES DESCRIBED HEREIN. Cargotec Corporation (“Cargotec”) announced on 8 February 2024 the commencement of the written procedures (the “Written Procedures”) and approached the holders of its EUR 100,000,000 1.250 per cent senior unsecured notes due 2025 (ISIN: FI4000399688) (the “2025 Notes”) and EUR 150,000,000 1.625 per cent senior unsecured notes due 2026 (ISIN: FI4000399696) (

Telenor Group Announces Collaboration with NVIDIA to Support its AI-First Ambition26.2.2024 12:00:00 CET | Press release

Barcelona—Mobile World Congress —February 26, 2024: Telenor announced today it is collaborating with NVIDIA to bring AI across the Nordic region, transform internal operational efficiencies and the communications network, and create new AI opportunities and partnerships with startups, enterprises, and government entities. With this collaboration, Telenor plans to become a sovereign AI cloud partner of NVIDIA, enabling generative AI across Nordic markets at the national level. In addition, Telenor aims to implement innovative AI solutions across its operations, from customer service to network optimisation. As part of the collaboration, Telenor will leverage NVIDIA’s expertise in AI, cloud, and network technologies to create new opportunities for internal efficiencies and improve customer solutions. With initial operations at the national level in Norway, Telenor will enable generative AI across the region, signifying a leap forward for community and developer initiatives. Telenor’s AI

Telenor Group inngår samarbeid med NVIDIA for å støtte selskapets AI-satsning26.2.2024 12:00:00 CET | Pressemelding

(Barcelona, Mobile World Congress, 26. februar 2024): Telenor kunngjør i dag et samarbeid med NVIDIA med målsetning om å akselerere kunstig intelligens (KI) i Norden. Sammen vil selskapene bruke KI til å optimalisere Telenors nettverk og interne driftsprosesser samt skape nye KI-samarbeid med oppstartsselskaper, etablerte virksomheter og offentlige instanser. Gjennom dette samarbeidet ønsker Telenor å bygge en egen og selvstendig nasjonal sky-plattform for KI ved hjelp av NVIDIA, noe som vil muliggjøre bruk av generativ KI på tvers av de nordiske markedene. I tillegg sikter Telenor mot å implementere innovative KI-løsninger i hele sin virksomhet, fra kundeservice til nettverksoptimalisering. Som en del av samarbeidet, vil Telenor benytte seg av NVIDIAs ekspertise innen KI, sky- og nettverksteknologi for å skape nye muligheter innen intern effektivisering samt forbedre tjeneste- og kundeopplevelser. Med innledende virksomhet på nasjonalt nivå i Norge, vil Telenor muliggjøre generativ KI

HiddenA line styled icon from Orion Icon Library.Eye