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European Retail Sales Recovery Continues but Polarisation Persists

News   •   Jul 17, 2014 12:17 BST

Eurostat data released today (July 17) shows that retail sales volumes in Europe continued their recovery in the three months to May. For the EU as a whole, sales volumes were up by 1.8% on a year earlier and they have now increased by 2.4% since the Eurozone crisis low in the three months to December 2012.

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UK Data Centre Industry Enters New Era

Press Releases   •   Jul 01, 2014 11:20 BST

Today marks the launch of the first Climate Change Agreement (CCA) for UK data centres and is a significant milestone for the industry, according to CBRE, the global real estate advisor. 

The data centre CCA, which has been in planning for four years, is formal recognition by the UK government, via the Department of Energy and Climate Change (DECC), that the sector is a mature industry and significant contributor to the economy which requires its own legislation, and legal framework, to sustain industry growth.

CCAs, first introduced in 2001, are negotiated agreements between government and energy intensive sectors designed to minimise energy consumption through the implementation of energy efficient measures to meet UK’s carbon reduction targets. 

Prior to today, approximately 50 CCAs were already in operation in the UK covering various sectors.

Emma Fryer, Associate Director of Climate Change Programmes at techUKexplains the importance of the first data centre CCA.

“CCA participants are incentivised to meet challenging energy efficiency targets via a reduction of, or exclusion from, specific carbon taxes (CCL and CRC). The data centre CCA stipulates that operators will have to make a 30% reduction in non-IT energy consumption between 2011 and 2020 via the implementation of energy efficient measures. As this target is sector specific, focused on colocation data centres, benefit will derive from many sources including reduced energy costs, improved energy stewardship and sector governance, increased investor confidence and ultimately industry competitiveness.”

Today’s introduction of the data centre CCA has changed the competitive landscape helping UK data centre operators to compete more effectively with their overseas counterparts.

Andrew Jay, Executive Director, EMEA Data Centres, at CBRE and Chairman of the Data Centre Council at techUK, commented:

“This is a significant and hugely exciting day for the data centre industry. The CCA marks the start of full recognition for a sector that underpins the entire economy but to date has been left unchecked and largely misunderstood by policy makers. We are now legally recognised as key contributors to the UK’s digital economy and an important mainstream sector in our own right. Gaining CCA legislation has been a worthwhile challenge and it is encouraging that the data centre sector now has targets to work towards which should ultimately lead to a better and more energy efficient industry going forward.”

1 - techUK, initiated the data centre CCA process with the BCS (Chartered Institute of IT) and other associated parties (including CBRE and TelecityGroup), to ensure the success of the initiative after 4 years of negotiation with the UK government.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

Formal recognition of the sector with Climate Change Agreement (CCA) launch New energy efficiency targets to drive data centre industry growth and increase global competitiveness

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Heightened demand and an increase in specification closes the gap between the City and Prime Central London

Press Releases   •   Jun 23, 2014 08:10 BST

Traditionally dominated by its financial core, the transformation of the capital’s business district has led to a surge in residential demand.

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£10 million Evergreen Funding Awarded to Allied London's Cotton Building in Spiningfields

Press Releases   •   Jun 09, 2014 15:13 BST

Greater Manchester Combined Authority provides £5 million further investment for development

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£4.8 Million Evergreen Funding Awarded to Muse Developments' City Place Scheme in Chester

Press Releases   •   May 29, 2014 15:24 BST

The North West Evergreen Fund, “Evergreen”, has provided Muse Developments with a £4.8 million development loan to part fund its 70,000 sq ft first phase of the City Place scheme in Chester – a scheme that will deliver thousands of new jobs to the local area. The new loan was structured by CBRE’s Investment Advisory team.

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CBRE Appointed To Manage Liverpool Innovation Park

Press Releases   •   May 19, 2014 14:39 BST

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London’s Tallest Towers Set To Provide Two Years Of The Mayor’s Current Housing Target

Press Releases   •   May 16, 2014 13:54 BST

135 towers in London’s planning pipeline will provide 83,000 units, as well as achieving significant values over other housing

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Increased Demand Remains For Prime Property In London’s Midtown

Press Releases   •   May 13, 2014 08:50 BST

A strong start to the year leads to an uplift in both price per sq ft values and total value of property sold during the first quarter of 2014 .

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Investors Broaden Their Sights On Build-to-rent Opportunities Due To A Lack Of Investment Stock Available

Press Releases   •   May 02, 2014 15:51 BST

As the build to rent round 2 shortlist is announced, private rental providers are increasingly looking across the country for investment opportunities.

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CBRE Reports A Resurgence Of Domestic Buyers In Prime Central London Market

Press Releases   •   May 02, 2014 15:36 BST

The current price for a two-bedroom flat in London has increased by 70% since 2010, with new build values increasing 44% from 2009.

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About CBRE

Welcome to CBRE's UK newsroom

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.