DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/208c9d/france_real_estate) has announced the addition of the "France Real Estate Report Q1 2012" report to their offering.
Consequently, the French commercial real estate sector is subdued. CB Richard Ellis (CBRE) reports that the residential construction market saw in increase in activity in H210 and H111 after a period of cut-backs over the previous two years, and that housing supply dropped by 6.9% in the year ending Q111, to 62,842 homes. The first half of 2011 saw take-up of industrial space increase by 3% year-on-year, particularly in the Lille region, according to Cushman & Wakefield. The nervousness in the markets showed through in retail space. Retailers have been more keenly focusing on prime locations for stores to reduce the risks of them failing.
Key Opportunities In The Real Estate Market
The French government is known for developing high-quality infrastructure projects, and one recently launched in July 2011 will be undertaken by Eiffage, who signed a public-private partnership for the future Brittany-Loire Valley high-speed rail line to connect the cities of Le Mans and Rennes, with rail infrastructure company Rseau Ferr de France. Construction Europe reports that the EUR3.3bn, 182km line is an extension of the line between Paris and Le Mans that was created in 1989. Construction is expected to take five years and Eiffage will maintain it for 25 years.
The need for space continues, despite the slow industry. CBRE reports that there were a few speculative office space developments launched in the first half of 2011 which has added to current vacant space. However, the company sees this as not nearly enough to offset a shortage of new space in the near future. Developers are looking cautiously at the current environment and speculative developments have all but disappeared.
Companies Mentioned:
- Bouygues Construction
- Eiffage
- Gecina SA
- Klpierre
- Lafarge
- Unibail-Rodamco
- VINCI
For more information visit http://www.researchandmarkets.com/research/208c9d/france_real_estate