Ekaterina Avdonina, managing director of Delin Capital Asset Management, added that the European market was poised to see further rental growth.

“The occupier story in Europe has been on benefit of full rental growth in Europe,”

she said.

“A lot of places in Europe are still under the peak value in 2006-07 because the rental recovery has not happened in every market. In the UK, while capital values in the South East may be a little peakish looking outside there, there are lots of pockets of value.”

She added that the debt market was completely different to 10 years ago, which she said meant developers and investors were in a much better state financially.

 

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