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RECORD LEVELS OF OVER €7.1 BILLION WERE INVESTED IN COMMERCIAL PROPERTY IN SPAIN IN 2015.
OFFICE AND RETAIL WERE THE MAIN SECTORS, WITH MORE THAN €1.8 BILLION INVESTED IN SHOPPING CENTRES AND RETAIL PARKS.
THE MARKETPLACE FOR COMMERCIAL PROPERTY IS CONTINUING TO GROW AND STRENGTHEN.
KNIGHT FRANK IS LEADING THE WAY.
COMMERCIAL PROPERTY SPAIN
A STRONGER, MORE EFFICIENT ECONOMY
The Spanish economy has experienced a dramatic turnaround since the financial
crisis, notably in the last two years. While there remain various headwinds such
as a slowly recovering housing market, high youth unemployment and ongoing
political uncertainty, key economic indicators point towards a broadly based and
sustained recovery over the next 12-18 months.
Growing sectors include manufacturing, notably the car industry, which has seen
a sharp rise in exports on the back of strong international demand and a weaker
Euro. Tourism has also given the economy a much-needed boost, while the
construction, banking and financial services sectors are more stable.
Despite the continuing domestic issues and weakness in other parts of the
Euro area, the short to medium term outlook for the Spanish economy is
generally positive. Forward-looking indicators such as the CPI indices point
to a healthy level of growth in the manufacturing and service sectors over
the coming months.
In summary, economic growth is accelerating on the back of a more robust
labour market, while easier access to finance, improving confidence and lower
oil prices will provide an additional boost to corporate activity. Having grown at
a rate of 3.2% in 2015, forecasts by the OECD suggest that the Spanish economy
will grow by around 2.7% this year and 2.5% in 2017.
KNIGHT FRANK’S 2015 EUROPEAN BREAKFAST POLL RESULTS SUGGEST THAT MARKET SENTIMENT REMAINS STRONG, WITH ALMOST 74% OF THE AUDIENCE BELIEVING INVESTOR DEMAND IN 2016 WILL BE SLIGHTLY OR MUCH STRONGER THAN IT WAS IN 2015. A FURTHER 18% BELIEVE THAT DEMAND WILL REMAIN UNCHANGED.
Spain was again the top target country in 2015, chosen by 27% of the audience,
narrowly beating Germany at 25.4%. This is unsurprising given the strength of the
recovery being witnessed in the Spanish market, with values still well below their
previous peak. The UK again featured strongly, although its share of the vote
declined from 19.2% to 17.4%.
In terms of preferred sectors, the office sector was again in first place with 40%
of the votes, against 34.8% in 2014. Retail was in second place with an increase
in its share of the vote from 24% in 2014 to 29%, indicating the strength of the
rebound in retailer and consumer confidence. Industrial saw its share of the vote
decline to 9%, following a strong showing in the previous two years.
Residential meanwhile saw its share rise from 12.9% to 17% on the back of
improved sentiment across much of Europe, while hotels also boosted their share
from 2.2% to a healthy 6%.
COMMERCIAL PROPERTY SPAIN
COMMERCIAL PROPERTY SPAIN
COMMERCIAL PROPERTY SPAIN
COMMERCIAL PROPERTY SPAIN
OFFICES
Knight Frank forecasts that the TMT sector will be the driving
force in the occupier market over the coming years. The lack
of Grade A space represents an opportunity for landlords and
investors who decide to refurbish well located buildings, in view
of the new trends in office work space driven by technology.
Our offices division in Madrid has an in-depth knowledge
and understanding of the latest market and development
activity, and changing occupier requirements.
We are focused on delivering intelligent, research-led
advice to owners and occupiers, which is tailored to
meet clients’ business objectives across development
consultancy, marketing, leasing, acquisitions.
CAPITAL MARKETS
OCCUPIER SERVICES
MANAGEMENT
VALUATION & DUE DILIGENCE
BEST IN CLASS CASE STUDIESHere are just some examples of why Knight Frank retains its enviable reputation as one of
the leading agents in the commercial market.
M&G & WPP
- Size: 36,000 sq m
- Location: Calle de Rios Rosas, 26
- Sale price: c.€150 million
WPP plans to redevelop the property
into a modern Grade A office space
and have agreed a simultaneous sale
& leaseback with the investment
giant M&G.
CASTELLANA 200
- Size: 44,800 sq m, plus 844 basement
parking spaces
- Location: Paseo de la Castellana, 200
- Sale price: €144 million, 6% above the
asking price
The mixed use office, retail and hotel
scheme houses the headquarters of
companies such as Schweppes, Discovery,
Sony and CBRE.
JP MORGAN
- Size: 3,488 sq m of office space plus
77 parking spaces
- Property: Edificio Pirámide,
Paseo de la Castellana, 31. Madrid
- Client: JP Morgan
The deal was introduced by Knight Frank in
London, and was the successful culmination
of one year of work.
TOYOTA
- Size: 7,272 sq m plus 113 basement
parking spaces
- Location: Within the prestigious Arroyo
de la Vega business park area
- Sale price: €21.6 million, with 4.2% net
initial yield, circa 9% above the asking price
The property continues to house Toyota’s
Spanish headquarters, who have occupied
the building since its completion in 2003.
COMMERCIAL PROPERTY SPAIN
COMMERCIAL PROPERTY SPAIN
KNIGHT FRANK’S VIEW
As occupier demand gets stronger, we
saw office take-up in Madrid reach more
than 519,476 sq m in 2015, the highest
annual figure since the global crisis,
indicating that in the past 12 months the
city’s office market has continued
its recovery.
Limited new stock entering the market
could potentially restrict leasing activity
but is expected to also promote
significant rental growth in the next
few months, particularly in the
central locations.
Although GDP and employment in
Madrid are showing positive growth,
office volumes are unlikely to reach their
pre-crisis peak this year. Nevertheless, we
still expect the office sector to continue
its upward trend, as full-year investment
volumes look set to reach a post-crisis
record of €2.4 billion, boosted by the sale
of Torre Espacio for €558 million at the
end of 2015.
‘REAL ESTATE FUNDAMENTALS ARE CONTINUING TO IMPROVE.’
38YEARLY TAKE-UP IN 2015,THE HIGHEST SINCE 2007
RISE IN PRIMEOFFICE RENTSIN THE LAST12 MONTHS
PER SQM
PER MONTH
OCCUPIER ACTIVITY IN2015 INCREASINGYEAR ON YEAR
6%519,000
€27
%
SQ
M
COMMERCIAL PROPERTY SPAIN
COMMERCIAL PROPERTY SPAIN
RETAIL
Knight Frank provides dedicated commercial retail property services
to retailers, landlords, investors and developers throughout Spain.
Our dedicated retail team provides clear, trusted advice across the full retail
property spectrum on leasing, management, acquisition and disposal of retail space.
Our specialist retail teams work seamlessly together to provide in-depth local
knowledge, offering an up to date, 360 degree view of the market, sentiment
and practice.
Our experts are regularly appointed to work with some of the most prestigious
brands, landlords and investors.
CAPITAL MARKETS
OCCUPIER SERVICES
MANAGEMENT
VALUATION & DUE DILIGENCE
FIT OUT MANAGEMENT
BEST IN CLASS
INVESTMENT RETAIL
TOP
DEA
LS ZIELO SHOPPING POZUELO – 15,550 sq m GLA HABANERAS – 24,000 sq m GLA PARQUE RIVAS – 38,000 sq m GLA ALCALÁ MAGNA – 34,165 sq m GLA
VALUATIONS AND CONSULTANCY70 shopping centres with a value of €5.2 billion and a total GLA of 1.8 million sq m valued in the last two years
SHOPPING CENTRE MANAGEMENT
12 shopping centres under full management in Spain with a total GLA of 400,000 sq m
LETTINGS
37 shopping centres in Spain with a total GLA of 800,000 sq m
SHOPPING CENTRES: TENANT FIT OUT COORDINATIONMADRID – Plenilunio: 70,000 sq m, La Vaguada: 85,000 sq m ASTURIAS – Parque Astur: 78,000 sq m VALLADOLID – Vallsur: 34,600 sq m, Rio shopping: 60,000 sq m ANDALUCIA – La Loma: 27,942 sq m, Los Arcos: 43,400 sq m, Bahia Sur: 59,000 sq m, Luz Shopping: 105,000 sq m, El Arcangel: 32,825 sq m, Metromar: 23,400 sq m EXTREMADURA – El Faro: 42,000 sq m BARCELONA – Glories: 56,300 sq m
SPOTLIGHT ON RETAIL
Knight Frank’s annual SPOTLIGHT ON RETAIL
event in Madrid brings together the biggest
names in retail property and retail brands. The
presentations and discussions at this event set
the scene for Spanish retail in the coming year.
17%transactions in 2015
were prime
41%of transactions in 2015 came from SOCIMIs/
listed vehicles
2.7%Spain´s GDP growth
forecast 2016
Retail Confidence Indicator up
22%
€1.48shopping centre
investment volume in 2015
bn
Prime High Street Yields forecast to close
2016 at
3.5%
TECHNOLOGY IN RETAIL
While the broader Spanish economy suffered greatly during the crisis, e-commerce sales have grown
at an average quarterly rate of 20% since 2009.
Online platforms are becoming increasingly important to retailers active in the Spanish market.
Spain does however lag behind many other European countries and is therefore considered a
high potential market for e-commerce. According to comScore, Spain’s online penetration of
retail websites sat below that of most major European countries, reaching 78.7% of internet
users in 2013 which is well below the 90.9% in the UK.
The rise of online sales in retail is not however the death knell of the traditional bricks and
mortar retail format. Multi-channel formats, such as Click & Collect, incorporating online sales
with pickup and returns within physical stores, are convenient for many consumers, allow for
cross selling and can ease logistics complications.
Many retailers are incorporating in-store access points to their online platforms, which allow
consumers to order out of stock product and familiarise themselves with the platform with the
support of sales personnel. Multi-channel retailing, when done effectively, increases demand
capture and creates a complimentary relationship between physical stores and online platforms.
As technology changes, having a basic online platform is no longer sufficient. The rise of
alternate devices other than a standard computer has created the necessity of having
online retail platforms compatible for use with smartphones, tablets etc. In 2015 there were
more internet users than computer users and internet users are increasingly using a variety
of devices in order to access the internet. As consumers become more comfortable with online
payments and the payment process becomes easier, we expect alternate device
sales to increase in tandem.
COMMERCIAL PROPERTY SPAIN
COMMERCIAL PROPERTY SPAIN
OCCUPIER TRENDS
Retail sales growth begins to take-off
The dominance of mega fashion groups Inditex, H&M
and Mango has increased during the crisis years. The
rise of fast fashion has coincided with a reduction
of independent retailers, and the recession pushed
many foreign brands such as PC City, GameStop and
Darty to leave the market. In their absence, we have
overwhelmingly seen larger retailers re-entrench
themselves in the best locations, in many cases
consolidating locations into large flagship stores.
The largest retailers in Spain are also developing
separately branded lines to target key consumer
demographics. Mango has their sub brands of H.E.
by Mango, Mango Kids and Violeta. Similarly, H&M is
developing a discount line to compete with Lefties and
& Other Stories and Cos to diversify their offering into
higher end fashion.
The success of discount retailing has led new foreign
brands to enter the market. Of note are Chinese low cost
retailers such as Mulaya and Okeysi which began mainly
on secondary retail streets and have now begun to
expand and take shopping centre space as well.
The improving employment picture has boosted
consumer confidence, which reached a post-crisis
record high in March 2015. In turn, this has translated
into buoyant retail sales growth.
NEW BRANDS TO THE SPANISH RETAIL MARKET
Source: Knight Frank - Shop of the Future 2015
COMMERCIAL PROPERTY SPAIN
CASE STUDY: PLENILUNIO, MADRIDA KNIGHT FRANK SUCCESS STORY
Knight Frank has managed the Plenilunio shopping centre since opening, mandated by its original developer,
Riofisa, and later by its two subsequent owners Banif (2006-2009) and Orion Capital Managers (2009-2015).
During this period, the value of the asset increased more than €100 million, consolidating Plenilunio as one of
the best centres in Spain.
THE CHALLENGE
In March 2006, two months before opening, Knight
Frank won the full mandate for the property and asset
management, including the lettings and ECOP, with
the objective to position the 70,000 sq m centre as a
reference for the entire sector.
HIGHLIGHTS
Knight Frank’s management of the centre firmly
consolidated it as a prime asset, notably improving its
commercial mix and achieving excellent results such as
the 2014 opening of the largest Primark in Spain, the
continual increase in rents and footfall, and the 100%
occupation level acheived for the last three years in the
restaurant area.
THE RESULT
Today Plenilunio is one of the best 10 shopping centres
in Spain. Its sale by Orion to Klepierre was one of the
most important real estate transactions this year.
COMMERCIAL PROPERTY SPAIN
SOURCING NEW CAPITALKnight Frank’s ability to identify and harness capital has become
fundamental to providing the best advice to our clients and
realising maximum value for them.
Managing over £18 billion worth of property transactions per
annum, our investment advisors have access to an impressive
contact database as well as insight into the latest trends and
capital flows.
With unrivalled insight and access to commercial capital flows,
we provide tailored portfolio analysis, acquisition and disposal
services, based on the short and longer term investment
objectives of our clients.
Our integrated commercial investment and agency teams
provide seamless cross-border expertise through our global
investment network of over 500 advisors across 58 countries.
This network lends us the agility to stay ahead of our larger
competitors and swiftly respond to the market and
our clients’ needs.
Operating through our five core hubs in London, Europe, the
Middle East, Asia Pacific and the Americas, our cross-border
approach enables us to benefit from up-to-date market
intelligence and transactional activity in all the key global
investment markets.
PUERTA DE SOL 9, MADRID
GLA 170 sq m
PURCHASER Thor Equities. USA
VENDOR Kutxa Bank
HERON CITY, BARCELONA
GLA 36,658 sq m
PURCHASER Activum. USA
VENDOR Internos
PARQUE CEUTA
GLA 14,500 sq m
PURCHASER HIG Bayside Capital. USA
VENDOR Morgan Stanley, Grupo Lar
PORTFOLIO SEB, ESPAÑA
GLA 45,100 sq m
PURCHASER Incus. South America
VENDOR Morgan Stanley
RBS DEBT PORTFOLIO
GLA 192,500 sq m
PURCHASER Perella Weinberg Partners. USA
VENDOR Royal Bank of Scotland
COMMERCIAL PROPERTY SPAIN
INDUSTRIAL & LOGISTICAt Knight Frank we trade in innovative solutions, delivering marketing,
leasing and acquisition strategies, development consultancy and investment advice in
every major industrial market in Spain.
As an industrial property occupier, developer or investor, Knight Frank knows that
maximising the value of assets is a priority.
Our team in Madrid specialise in small to medium-sized industrial units, providing
experience in dealing with a diverse range of clients, from developers, owners and
occupiers of industrial premises.
CAPITAL MARKETS
OCCUPIER SERVICES
VALUATION & DUE DILIGENCE
COMMERCIAL PROPERTY SPAIN
MARKET VIEW
From 2014 onwards, the Spanish logistics market has taken off as an investment
destination. It is the third preferred sector, after offices and retail. The numbers confirm
this with the logistics investment volume in 2015 tripling the previous year’s figure.
RECENT INDUSTRIAL & LOGISTICS DEAL
LEASE OF A LOGISTICS PLATFORM IN GUADALAJARA
R 38,000 SQ M
R GRUPO LOGISTA
R OWNER: INVERSIONES MONTEPINO
LOW TO HIGH INVESTOR ACTIVIT Y
GLOBAL CAPITAL MOVEMENTS COMMERCIAL PROPERTY SPAINSPAIN
€7.1BNTotal commercial investment
volume including direct transactions of offices,
retail and industrial
€45.5BN
€8.8BN
€7.6BNNORTH AMERICA
ASIA-PACIFIC
EUROPEMIDDLE
EAST
€8.9BN
€0.1BN
€0.1BN€9.4BN
€2.7BN
€15.3BN
€3.3BNKNIGHT FRANK SPAIN IS UNIQUELY PLACED TO BENEFIT FROM GLOBAL CAPITAL MOVEMENT.
KNIGHT FRANK’S HEAD OFFICE IN MADRID ACTIVELY SECURES CAPITAL FROM INTERNATIONAL INVESTORS.
IN ADDITION, SPAIN IS BENEFITING FROM ITS ESTABLISHED LINKS TO CAPITAL AND INVESTMENT FROM SOUTH AMERICA, ASIA AND MIDDLE EAST.
COMMERCIAL PROPERTY SPAIN
YOUR GLOBAL PROPERTY PARTNER
Knight Frank provides commercial property services globally. Since we first
opened our doors in 1896, we have become the world’s largest privately owned
property agency and consultancy.
Based on more than a quarter of a century of growth and success in Spain,
we are also recognised as the Spanish real estate advisor of choice. From our
headquarters in Madrid, and through our network of offices across Spain, Knight
Frank provides market-leading advice and transaction support.
Our offices in Spain form part of a global network of over 400 offices spread
across over 55 countries.
We operate as one firm with shared values.
THE WORLD’S LEADING INDEPENDENT REAL ESTATE CONSULTANCY
KNIGHT FRANK
COMMERCIAL PROPERTY SPAIN
THE FIVE INGREDIENTS WHICH SET KNIGHT FRANK APART ARE OUR INDEPENDENCE, OUR GLOBAL NETWORK, OUR COMMERCIAL AND RESIDENTIAL PLATFORMS, AND OUR EXCEPTIONAL PEOPLE.
THESE, IN ADDITION TO OUR ENVIABLE TRACK RECORD ARE WHY CLIENTS COME BACK TO US FOR THEIR PERSONAL AND PROFESSIONAL PROPERTY REQUIREMENTS.
SUPPORTED BY DEDICATED RESEARCH TEAMS, WE PROVIDE IN-DEPTH SECTOR AND LOCATION SPECIFIC ADVICE. WE ARE THEREFORE OFTEN THE FIRST TO IDENTIFY NEW OPPORTUNITIES AND INVESTORS IN THE MARKET.
THE KNIGHT FRANK GLOBAL NETWORK COMMERCIAL PROPERTY SPAIN
TAILORED ADVICE, LOCAL INSIGHTS
Knight Frank provides professional consultancy on a full range of real estate services.
Working with investors, developers and property owners, we make it our
business to understand the needs and objectives of our clients, making their
commercial goals our own.
We provide timely, considered advice based on a wealth of experience.
Through industry-leading technology and in-depth market research we
consistently improve operations and maximise returns on investment.
As one of the largest and highest profile national valuation practices, our teams
of commercial, residential and development experts provide comprehensive
valuation and market appraisal services globally, including Spain.
Our primary objective is to add value to our clients, rather than simply report it.
558
41713,610
INCHINAANDHONGKONG
INVESTMENTADVISORSACROSSAMERICA
PEOPLE IN OURRUSSIAN BUSINESS
PROPERTY ADVISORSWORKING INSINGAPORE
23 OFFICES IN AFRICA
OV
ER
CONTINENTSCOUNTRIESOFFICESEMPLOYEES
ADVISINGCLIENTSIN ASIAPACIFIC FOROVER 75 YEARS
OVER US$3.75BNOF TRANSACTIONSON BEHALF OF RUSSIAN CLIENTSIN THE LAST 3 YEARS
GLOBALLYSPECIALISING IN
CAPITALMARKETS
OVER
PEOPLE
PEOPLE640 237
634PEOPLE ACROSS7 OFFICES ININDIA900
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558
41713,610
INCHINAANDHONGKONG
INVESTMENTADVISORSACROSSAMERICA
PEOPLE IN OURRUSSIAN BUSINESS
PROPERTY ADVISORSWORKING INSINGAPORE
23 OFFICES IN AFRICA
OV
ER
CONTINENTSCOUNTRIESOFFICESEMPLOYEES
ADVISINGCLIENTSIN ASIAPACIFIC FOROVER 75 YEARS
OVER US$3.75BNOF TRANSACTIONSON BEHALF OF RUSSIAN CLIENTSIN THE LAST 3 YEARS
GLOBALLYSPECIALISING IN
CAPITALMARKETS
OVER
PEOPLE
PEOPLE640 237
634PEOPLE ACROSS7 OFFICES ININDIA900
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COMMERCIAL PROPERTY SPAIN
COMMERCIAL PROPERTY SPAIN
BUSINESS INTELLIGENCE
Knight Frank’s web-based property management
intelligence solution enables users to monitor all
aspects of their property portfolio, with access to real
time information, 24 hours a day, 7 days a week.
DATA. KNOWLEDGE. CONFIDENCE
KNIGHT FRANK GLOBAL REACH TARGETING INTERNATIONAL WEALTH
PR
Knight Frank has dedicated local and international PR teams,
based in-house. With key contacts at leading publications,
these teams pro-actively feed the media, whilst protecting our
clients’ property interests.
ADVERTISING
Targeted advertising is used to reach specific target audiences
and provide exposure in the most important publications.
The media we recommend elicit qualified enquiries, and
raise the property profile in the right areas.
For added visibility, sales boards bearing the Knight Frank
logo are proven successful lead generators.
MARKETING
Knight Frank is one of the world’s most recognised brands.
Clients benefit from our brand association and also our
expertise in creating and managing effective marketing
campaigns, ensuring that projects benefit from the best
presentation and exposure through tried and trusted channels.
ONLINE MARKETING
We operate in a global market. That is why our website is
available in 23 languages, more than any of our competitors.
Knight Frank’s communication tools are constantly evolving to
take advantage of technological advances. This helps us keep
clients informed and bring them together with buyers in the
most effective and convenient ways possible.
EVENTS
Knight Frank hosts industry-leading events. We also have a
strong presence at key events such as Mipim, Expo and Mapic.
KNIGHTFRANK.COM
By listing properties on Knight Frank’s award-winning Global
Property Search website, we showcase projects to potential
buyers around the world in 23 languages. As well as improving
accessibility for users, this enables us to attract even more
international buyers. No other agent has this extensive capability.
Knight Frank’s website lists over 12,500 properties for sale and
rent. Over the last 12 months, it has been visited by people
from 232 countries. With around 2 million page views per
month, a potential purchaser clicks on the website every 1.3
seconds. These statistics become even more powerful when
you consider that over 80% of potential buyers start their
search online.
OUR INTERNATIONAL SALES TEAMS ARE FOCUSED ON TARGETING HNWI CLIENTS, WORKING DIRECTLY WITH LONDON’S INTERNATIONAL PROJECT MARKETING TEAM. A JOINED-UP APPROACH IS NEEDED TO ACCESS THESE INDIVIDUALS EITHER DIRECTLY OR VIA ‘WEALTH GATEKEEPERS’ SUCH AS WEALTH MANAGERS, PRIVATE BANKS, AND TRUSTED ADVISERS.
ACCESS TO HNWIs
In each location we work with many of the private banks
and their clients.
The principal means by which we access HNWIs is
via the following:
- Key private banks and financial institutions
- Professional introductions
- Wealth advisers
- Luxury brand associations
GLOBAL PROPERTY WEALTH
- Knight Frank holds detailed personal records and
information on the property interests of 150,000 contacts
- The database includes 673 US $ billionaires that are
known to Knight Frank and in excess of 1,000 central
millionaires
- This database has been assembled over 25 years of
servicing global HNWIs for all their property requirements
around the world
- Access to these markets is anchored by the production of
Knight Frank’s annual Wealth Report
KNIGHT FRANK’S ANNUAL WEALTH REPORT
Now in its 10th year, The Wealth
Report provides a global
perspective on prime property
and wealth, reinforcing Knight
Frank’s position as the market
leaders in understanding the
property, investment and
lifestyle requirements of High
Net Worth Individuals.
KNIGHT FRANK’S GLOBAL CITIES REPORT
In recent years we have seen
the emergence of what we
call the Global Cities. These
are attracting the great name
companies, high flying financial
firms and the start-ups of the
future. Knight Frank’s Global
Cities report explores the
future of the built environment, and is intended to help
investors, occupiers and city planners with their future
business strategy.
WHY KNIGHT FRANK SPAIN?
LOCAL• PRIVATE PARTNERSHIP OF 62 PROPRIETARY
PARTNERS INCLUDING ALBERTO PRIETO, MANAGING DIRECTOR, KNIGHT FRANK SPAIN
• UNPARALLELED EXPERIENCE AND KNOWLEDGE OF THE SPANISH REAL ESTATE MARKET
• MARKET LEADING INTELLIGENCE AND TOOLS
• HOST OF BESPOKE EVENTS THAT SHAPE THE MARKETPLACE
• SEAMLESS, INTEGRATED COMMERCIAL PROPERTY TEAM OFFERING A FULL SPECTRUM OF SERVICES, LOCAL IN-DEPTH KNOWLEDGE AND ADVICE TO OCCUPIERS, LANDLORDS AND INVESTORS OVER ALL COMMERCIAL PROPERTY CLASSES
• RICS REGISTERED
GLOBAL• THE WORLD’S LEADING INDEPENDENT PROPERTY ADVISOR
• ABILITY TO IDENTIFY AND HARNESS CAPITAL THROUGH A DEDICATED, INTERNATIONAL GLOBAL INVESTMENT NETWORK
• PROVIDING THE HIGHEST STANDARDS OF QUALITY AND INTEGRITY IN GLOBAL RESIDENTIAL AND COMMERCIAL PROPERTY
• DEBT FREE
• RECOGNISABLE, VALUABLE BRAND THAT IS A NATURAL CHOICE FOR HNWIS, INVESTORS, DEVELOPERS, RETAILERS, FUNDING ORGANISATIONS, THE PUBLIC SECTOR AND CORPORATE INSTITUTIONS
• GENERATOR OF INDUSTRY-LEADING MARKET RESEARCH, INCLUDING THE WEALTH REPORT, INTERNATIONAL VIEW, SPANISH VIEW, GLOBAL CITIES AND PIRI 100 – KEEPING YOU AHEAD OF THE MARKET
• OVER 13,500 PROPERTY PROFESSIONALS AT YOUR SERVICE
• ACCESS TO AN INTEGRATED NETWORK OF OVER 400 OFFICES IN OVER 55 COUNTRIES, SPANNING FIVE CONTINENTS
MYKNIGHTFRANK.ES
In these fast-moving and challenging market conditions, providing our global client base with an excellent service and sound advice is central to everything we do. One way we provide this is via our online research tool ‘My Knight Frank’- compulsory viewing for the best property for sale and research, both commercial and residential, from around the world.
KNIGHT FRANK MADRIDSuero de Quiñones 34 28002 Madrid Spain
[email protected] T: +34 91 595 90 00 www.knightfrank.es
Humphrey WhitePartner, Head of Commercial Property +34 600 919 012 [email protected]
Elaine BeachillAssociate, Capital Markets Manager +34 600 919 016 [email protected]
Pablo PárragaHead of Retail Projects +34 600 919 078 [email protected]
Raúl VicenteAssociate, Head of Office Agency +34 600 919 023 [email protected]
Irene GiménezAssociate, Head of Retail Letting +34 600 919 074 [email protected]
Alejandro GalánHead of Industrial & Logistics +34 600 919 069 [email protected]
Inmaculada PérezHead of Rent Management + 34 600 919 080 [email protected]
© Knight Frank LLP 2016. This document has been published for general information purposes only. Knight Frank does not accept any legal responsibility for any loss or damage as a result of the content of this report. As a general report, this material does not necessarily represent Knight Frank’s opinion with regard to private properties or schemes. Reproducing part of this document or the entire document will only be permitted if appropriate reference is made to KnightFrank.com.