We are very pleased to present the 8th issue of the URBAN newsletter in English, French and Polish.
Seminar on Attractiveness of Corporate Real Estate Investing in EU Cities – 26.11.2012
URBAN Intergroup and RICS organized a seminar on Monday 26 November from 13.00 to 15.00 in the European Parliament in Brussels to discuss the findings of the RICS research report “Corporate Real Estates: Investment and EU cities” in order to better understand the economic success which stands behind some of the world cities.
Efficient, flexible working environments, mobility (both urban mobility within the city and connectivity to other cities) and “green” buildings are amongst the key drivers of investment attraction inEurope’s key cities. Stakeholders also highly appreciate certainty, clarity and continuity, in terms of political stability, legislative framework and market practices.
These are the most important findings of a study presented by RICS in the European Parliament at the seminar held under the patronage of the European Parliament Vice-President Oldřich Vlasák and URBAN Intergroup President Jan Olbrycht. The study concentrated on the “soft” reasons of investors´ interests in coming and investing to certain European cities collected through round-table discussions with senior management of occupiers, service providers, investors and other property professionals. Questions were grouped around the choice of location, city’s relationship with its surroundings, market constraints and the best practices.
This topic is of utmost importance for the European Parliament. As Oldřich Vlasák mentioned “It is clear today that investors appreciate good transport and energy infrastructure, sufficiency of skilled (and preferably reasonably priced) workforce but also reasonable standard of life quality in the city with available housing, education, entertainment or health care supply. And these are policies generally decided upon by local public policy makers but framed in Brussels.” Economy of a place is closely related to political decisions of the city leaders as well as to local legislative limits.