Real estate - Positive market developments in Q3 2017

Davy Research
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Countering the disappointment of yesterday’s 4% hike in stamp duty, we outline below the positive underlying market trends in commercial real estate in Q3 2017, which are supported by new reports from CBRE in each of the office, retail and industrial sectors. NAV upgrades from underlying market trends are likely to outweigh the impact from the stamp duty hike.