European commercial real estate delivered positive quarterly returns to investors in first quarter 2024 following 18 months of negative performance, according to MSCI’s Quarterly Europe Property Index, in a LinkedIn post.
European commercial property assets generated a total return of 0.4 percent in the first quarter compared with the preceding three months. This combines the 1.2 percent income return generated by the properties (rental income) with the negative -0.8 percent capital return (valuation change).