As the current favourable spread with bond yields won’t last forever, value from the record low initial yields seen across Europe can only be achieved through income growth from strong occupational fundamentals, says Thomas Wels, head of REPM at UBS Asset Management.
Central London's Grade A office market has seen a 4% increase in take-up volume compared to the five-year quarterly average before the pandemic, according to new data from Cushman & Wakefield.
