One of the world\u2019s largest estate agencies, Jones Lang LaSalle (JLL), which generated revenue of more than DKK 123 billion in 2019 and has 92,000 employees in more than 80 countries, has just published the report \u2018JLL Nordic Outlook \u2013 Autumn 2020\u2019, which focuses on public institutions and the property market in the Nordics. EDC Erhverv Poul Erik Bech has contributed with the presentation of the Danish market in the report. In connection with the publication, a joint webinar was held in Copenhagen on 1 October 2020. Poul Erik Bech says:<\/p>\n
\u201cIn the past six months, there has been much talk of crisis, with parallels being drawn to the most recent large-scale crisis \u2013 the financial crisis. It\u2019s important for me to stress that such a comparison makes no sense. We do not have a crisis on the property market. On the contrary. Demand for both residential and commercial properties is strong, many transactions are being concluded, projects are being developed and there is an abundant supply of capital. In fact, there is so much capital out there that competition between Danish and international investors is quite fierce.\u201d<\/p>\n
\u201cFor us as estate agents dealing with commercial property, the biggest challenge is thus attracting and finding enough investment objects and projects. Much of the demand is for investments in residential properties, as most investors regard this market as a safe haven. Today, we have chosen to focus on a slightly overlooked market, the market for investments in properties let to public institutions, which we at EDC Poul Erik Bech also regard as a safe haven,\u201d says Poul Erik Bech.<\/p>\n
Niclas H\u00f6glund, Head of Research, JLL Sweden is very pleased to be in Copenhagen to present JLL\u2019s report on the development on the Nordic property market together with EDC Erhverv Poul Erik Bech<\/a>:<\/p>\n \u201cWe had obviously hoped that COVID-19 would have been well and truly over by now, so that, together with EDC, we could invite a lot of customers to an after-hours event, but, hopefully, we can do so next time. Not surprisingly, the pandemic left its mark on the first half of 2020, but markets have stabilised somewhat in August and September. Transaction volumes year to date total DKK 86.3 billion in Sweden and DKK 33.7 billion in Denmark. We\u2019re consequently well on our way to transaction volumes for 2020 getting up to 2019 levels, as Poul Erik Bech mentioned, so business is booming on the property market.\u201d<\/p>\n \u201cThe theme of this edition of our \u2018Nordic Outlook\u2019 report is investment in public institutions. In these uncertain coronavirus times, public properties are characterised by even lower operating risks and securer rental income than the rest of the market. Especially in the other Nordic countries, we\u2019re seeing a growing market for professional investors letting properties to public institutions. This is a rapidly growing market, and the question is thus when this development will really make itself felt here in Denmark.\u201d<\/p>\n Helle Nielsen Ziersen, Partner and Head of International Relations in EDC Erhverv Poul Erik Bech<\/a>, says: \u201cWe\u2019re concluding an increasing number of transactions and providing more and more consultancy services in Denmark and abroad together with JLL. Therefore, we\u2019re pleased to have been able jointly to highlight investments in public institutions in the Nordic region. We\u2019re seeing a growing market for professional investors in rental properties for public institutions, although it\u2019s still a slightly overlooked market in Denmark. But we expect that, over time, we will have an even larger public market more similar to those in our neighbouring Nordic countries, where it\u2019s much more extensive.\u201d<\/p>\n At the webinar held by EDC Erhverv and JLL, John Borrisholt, Regional Director for Zealand, explained how EDC Erhverv works with public and semi-public clients. In addition, S\u00f8ren Tegen Pedersen, Director of Planning in the Finance Administration of the City of Copenhagen, gave an interesting presentation on the priorities of municipal authorities when choosing rental premises.<\/p>\n Read the report ‘JLL Nordic Outlook Autum’ Focus: Community Service properties in a Nordic perspective’<\/a><\/p>\n <\/p>\n <\/p>\n One of the world\u2019s largest estate agencies, Jones Lang LaSalle (JLL), which generated revenue of more than DKK 123 billion in 2019 and has 92,000 employees in more than 80 countries, has just published the report \u2018JLL Nordic Outlook \u2013 Autumn 2020\u2019, which focuses on public institutions and the property market in the Nordics. EDC… View Article<\/a><\/p>\n","protected":false},"author":2,"featured_media":42949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[2479],"tags":[2524],"class_list":["post-43057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-investment"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\tIncreasing numbers of foreign investors
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