european regional economic growth index...2018 rank city region 2018 score 2018 score category...

EUROPEAN REGIONAL ECONOMIC GROWTH INDEX

LaSalle Investment Management | LaSalle E-REGI Index 2018 2

Table of Contents

01 LASALLE E-REGI INDEX 2018 P 3

02 Y/Y COMPARISON P 6

03 2018 COMPONENT SCORES P 9

04 LASALLE E-REGI INDEX OVER TIME P 18

05 GERMANY DETAIL P 20

06 SWITZERLAND AND AUSTRIA DETAIL P 23

07 METHODOLOGY P 25


LaSalle E-REGI Index – 2018 Scores

Source: LaSalle (08/18)

0.00 0.50 1.00 1.50 2.00

All European Regions (n=295)2018 Scores

Cities with Weak Scores Cities with Medium Scores

Cities with Strong Scores Other Regions

Str

ong

Mediu

m

Weak

0.00 0.50 1.00 1.50 2.00

Nizhny Novgorod (100)St Petersburg (99)Yekaterinburg (98)

Moscow (97)Palermo (96)Zagreb (95)Naples (94)

Szczecin (93)Riga (92)

Genoa (91)Vilnius (90)

Thessaloniki (89)Porto (88)

Sheffield (87)Sofia (86)

Bucharest (85)Newcastle (84)

Belfast (83)Lodz (82)

Florence (81)Saarland (80)

Antalya (79)Liverpool (78)

Turin (77)Leeds (76)

Rouen-Le Havre (75)Strasbourg (74)

Verona-Venice (73)Katowice (72)

Liège (71)Lille (70)

Glasgow (69)Tricity (Gdansk) (68)

Bielefeld (67)Zaragoza (66)

Cardiff (65)Rome (64)Izmir (63)

Lisbon (62)N'ham-Derby (61)

Ruhr (60)Wroclaw (59)Poznan (58)

Bologna (57)Krakow (56)

Tallin (55)Hannover (54)

Leipzig-Dresden (53)Budapest (52)Bordeaux (51)

Nantes (50)Bristol (49)

Manchester (48)Bremen (47)

Athens (46)Birmingham (45)

Edinburgh (44)Marseilles-Nice (43)

Ankara (42)Bratislava (41)Valencia (40)

Seville (39)Bilbao (38)

Antwerp (37)Basel-Mulhouse (36)

Prague (35)Düsseldorf (34)

Milan (33)Toulouse (32)

Nuremburg (31)Hamburg (30)

M'heim-K'ruhe (29)Cologne-Bonn (28)

Bern (27)Utrecht (26)

Ljubliana (25)R'dam-Den Haag (24)

Vienna (23)Gothenburg (22)

Barcelona (21)Amsterdam (20)

Lyon (19)Frankfurt (18)Warsaw (17)Geneva (16)

Berlin (15)Helsinki (14)

Brussels (13)Madrid (12)Zürich (11)

C'hagen-Malmö (10)Oslo (9)

Stuttgart (8)Luxembourg (7)

Dublin (6)Munich (5)Istanbul (4)

Stockholm (3)Paris (2)

London (1)

City Regions Only (n=100)2018 Scores

Str

ong

Mediu

m

Weak


LaSalle E-REGI Index – Y/Y Comparison


2018 Rank City Region 2018 Score2018 Score

Category

Difference with

2017 Score

Difference with

2017 Rank

1 London 2.37 Strong 0.07 0

2 Paris 2.31 Strong 0.05 0

3 Stockholm 1.85 Strong -0.06 0

4 Istanbul 1.79 Strong -0.05 0

5 Munich 1.78 Strong 0.00 2

6 Dublin 1.78 Strong -0.05 -1

7 Luxembourg 1.72 Strong -0.10 -1

8 Stuttgart 1.61 Strong 0.01 1

9 Oslo 1.61 Strong -0.01 -1

10 Copenhagen-Malmö 1.58 Strong -0.01 0

11 Zürich 1.55 Strong -0.02 0

12 Madrid 1.52 Strong -0.03 0

13 Brussels 1.43 Strong -0.01 1

14 Helsinki 1.43 Strong 0.04 2

15 Berlin 1.42 Strong -0.04 -2

16 Geneva 1.40 Strong 0.01 1

17 Warsaw 1.39 Strong 0.10 9

18 Frankfurt 1.38 Strong 0.00 1

19 Lyon 1.38 Strong -0.06 -4

20 Amsterdam 1.37 Strong 0.01 0

21 Barcelona 1.37 Strong -0.03 -3

22 Gothenburg 1.36 Strong 0.01 -1

23 Vienna 1.35 Strong 0.06 4

24 Rotterdam-Den Haag 1.32 Strong -0.02 -2

25 Ljubliana 1.31 Strong 0.16 21

26 Utrecht 1.30 Strong 0.00 -3

27 Bern 1.29 Strong -0.01 -2

28 Cologne-Bonn 1.29 Strong 0.07 7

29 Mannheim-Karlsruhe 1.28 Strong -0.02 -5

30 Hamburg 1.25 Strong 0.02 1

31 Nuremburg 1.24 Strong 0.04 8

32 Toulouse 1.24 Strong -0.04 -4

33 Milan 1.24 Strong 0.00 -1

34 Düsseldorf 1.23 Strong -0.02 -4

35 Prague 1.23 Strong 0.00 -1

36 Basel-Mulhouse 1.21 Strong -0.02 -3

37 Antwerp 1.21 Strong 0.01 3

38 Bilbao 1.21 Strong 0.01 4

39 Seville 1.19 Strong -0.02 -2

40 Valencia 1.18 Strong -0.02 -2

41 Bratislava 1.18 Strong 0.03 3

42 Ankara 1.18 Strong -0.04 -6

43 Marseilles-Nice 1.17 Strong -0.03 -2

44 Edinburgh 1.15 Strong 0.02 4

45 Birmingham 1.15 Strong 0.03 4

46 Athens 1.15 Strong 0.06 7

47 Bremen 1.14 Strong 0.03 5

48 Manchester 1.14 Strong -0.03 -5

49 Bristol 1.13 Strong -0.13 -20

50 Nantes 1.11 Strong -0.04 -5


LaSalle E-REGI Index – Y/Y Comparison


2018 Rank City Region 2018 Score2018 Score

Category

Difference with

2017 Score

Difference with

2017 Rank

51 Bordeaux 1.11 Strong -0.03 -4

52 Budapest 1.10 Strong -0.01 -2

53 Leipzig-Dresden 1.10 Strong 0.01 1

54 Hannover 1.10 Strong 0.03 2

55 Tallin 1.09 Strong -0.02 -4

56 Krakow 1.08 Strong 0.05 13

57 Bologna 1.06 Medium -0.01 0

58 Poznan 1.06 Medium 0.03 9

59 Wroclaw 1.06 Medium 0.03 9

60 Ruhr 1.06 Medium -0.02 -5

61 Nottingham-Derby 1.05 Medium 0.03 9

62 Lisbon 1.05 Medium 0.00 -1

63 Izmir 1.04 Medium -0.01 -1

64 Rome 1.04 Medium -0.03 -6

65 Cardiff 1.03 Medium 0.02 7

66 Zaragoza 1.03 Medium 0.01 5

67 Bielefeld 1.02 Medium -0.02 -4

68 Tricity (Gdansk) 1.02 Medium 0.07 12

69 Glasgow 1.02 Medium 0.01 4

70 Lille 0.99 Medium -0.05 -5

71 Liège 0.98 Medium 0.02 8

72 Katowice 0.98 Medium 0.01 6

73 Verona-Venice 0.97 Medium -0.07 -9

74 Strasbourg 0.97 Medium -0.08 -14

75 Rouen-Le Havre 0.96 Medium -0.02 -1

76 Leeds 0.96 Medium -0.08 -10

77 Turin 0.95 Medium 0.00 4

78 Liverpool 0.95 Medium -0.02 -2

79 Antalya 0.94 Medium 0.01 4

80 Saarland 0.94 Medium -0.04 -5

81 Florence 0.94 Medium -0.03 -4

82 Lodz 0.93 Medium 0.03 6

83 Belfast 0.93 Medium 0.01 3

84 Newcastle 0.92 Medium 0.00 0

85 Bucharest 0.92 Medium -0.14 -26

86 Sofia 0.91 Medium -0.03 -4

87 Sheffield 0.89 Medium -0.04 -2

88 Porto 0.87 Weak 0.01 2

89 Thessaloniki 0.87 Weak 0.07 3

90 Vilnius 0.82 Weak -0.08 -1

91 Genoa 0.82 Weak -0.01 0

92 Riga 0.81 Weak -0.09 -5

93 Szczecin 0.80 Weak 0.03 1

94 Naples 0.73 Weak 0.00 1

95 Zagreb 0.70 Weak -0.08 -2

96 Palermo 0.69 Weak -0.01 0

97 Moscow 0.67 Weak 0.01 0

98 Yekaterinburg 0.52 Weak 0.08 1

99 St Petersburg 0.51 Weak -0.02 -1

100 Nizhny Novgorod 0.28 Weak 0.05 0


Y/Y Comparison – Scores & Ranks


0.0

0.5

1.0

1.5

2.0

2.5

0.0 0.5 1.0 1.5 2.0 2.5

2018 S

co

re

2017 Score

Other Regions

Cities

Helsinki

Warsaw

Tricity (Gdansk)

London

Paris

St Petersburg

0

20

40

60

80

100

020406080100

2018 R

an

k

2017 Rank

Warsaw

Ljubljana

Munich

Stronger

Weaker

Stronger

Weaker

London

Munich

Ljubljana

Dublin

Stuttgart

Nizhny

Novgorod

Krakow

Athens

Lodz

Oslo

Strasbourg

M’heim-K’ruhe

Tricity (Gdansk)

Bucharest

Cologne-Bonn

Helsinki

Barcelona

Nuremberg

Sofia

BristolManchester

Stockholm

Lyon

Thessaloniki

Bucharest

Bristol


Y/Y Comparison – Scores


-0.3 -0.2 -0.1 0.0 0.1 0.2

All European Regions (n=295)Change in Score, 2018 v 2017

Other Regions (N=195) Cities (n=100)

-0.20 -0.10 0.00 0.10 0.20

Bucharest (85)Bristol (49)

Luxembourg (7)Riga (92)

Strasbourg (74)Zagreb (95)Leeds (76)Vilnius (90)

Verona-Venice (73)Lyon (19)

Stockholm (3)Dublin (6)Lille (70)

Istanbul (4)Ankara (42)

Berlin (15)Toulouse (32)

Nantes (50)Saarland (80)Sheffield (87)

Madrid (12)Sofia (86)

Marseilles-Nice (43)Florence (81)

Manchester (48)Bordeaux (51)Barcelona (21)

Rome (64)R'dam-Den Haag (24)

Ruhr (60)Valencia (40)

Rouen-Le Havre (75)Liverpool (78)

Tallin (55)Seville (39)

Basel-Mulhouse (36)St Petersburg (99)

Bielefeld (67)Zürich (11)

M'heim-K'ruhe (29)Düsseldorf (34)

Oslo (9)Budapest (52)Brussels (13)

Bern (27)Bologna (57)Palermo (96)

Genoa (91)C'hagen-Malmö (10)

Izmir (63)Newcastle (84)

Utrecht (26)Prague (35)

Munich (5)Frankfurt (18)

Lisbon (62)Naples (94)

Turin (77)Milan (33)

Amsterdam (20)Bilbao (38)

Antwerp (37)Geneva (16)Antalya (79)

Porto (88)Zaragoza (66)

Belfast (83)Leipzig-Dresden (53)

Katowice (72)Gothenburg (22)

Stuttgart (8)Moscow (97)Glasgow (69)

Hamburg (30)Edinburgh (44)

Liège (71)Cardiff (65)

Hannover (54)Bratislava (41)Szczecin (93)

N'ham-Derby (61)Wroclaw (59)Poznan (58)

Bremen (47)Birmingham (45)

Lodz (82)Helsinki (14)

Nuremburg (31)Krakow (56)

Nizhny Novgorod (100)Paris (2)

Vienna (23)Athens (46)

Cologne-Bonn (28)Tricity (Gdansk) (68)

London (1)Thessaloniki (89)

Yekaterinburg (98)Warsaw (17)

Ljubliana (25)

City Regions Only (n=100)Change in Score, 2018 v 2017


Y/Y Comparison – Scores & Ranks


-40 -20 0 20 40

Bucharest (85)

Bristol (49)

Strasbourg (74)

Leeds (76)

Verona-Venice (73)

Ankara (42)

Rome (64)

M'heim-K'ruhe (29)

Manchester (48)

Nantes (50)

Ruhr (60)

Lille (70)

Saarland (80)

Riga (92)

Lyon (19)

Toulouse (32)

Düsseldorf (34)

Bordeaux (51)

Tallin (55)

Bielefeld (67)

Birmingham (45)

Glasgow (69)

Turin (77)

Antalya (79)

Bremen (47)

Zaragoza (66)

Katowice (72)

Lodz (82)

Cologne-Bonn (28)

Athens (46)

Cardiff (65)

Nuremburg (31)

Liège (71)

Warsaw (17)

Poznan (58)

Wroclaw (59)

N'ham-Derby (61)

Tricity (Gdansk) (68)

Krakow (56)

Ljubliana (25)

Top and Bottom 20 CitiesChange in Rank

2018 v 2017

-0.20 0.00 0.20

Bucharest (85)

Bristol (49)

Luxembourg (7)

Riga (92)

Strasbourg (74)

Zagreb (95)

Leeds (76)

Vilnius (90)

Verona-Venice (73)

Lyon (19)

Stockholm (3)

Dublin (6)

Lille (70)

Istanbul (4)

Ankara (42)

Berlin (15)

Toulouse (32)

Nantes (50)

Saarland (80)

Sheffield (87)

N'ham-Derby (61)

Wroclaw (59)

Poznan (58)

Bremen (47)

Birmingham (45)

Lodz (82)

Helsinki (14)

Nuremburg (31)

Krakow (56)

Nizhny Novgorod (100)

Paris (2)

Vienna (23)

Athens (46)

Cologne-Bonn (28)

Tricity (Gdansk) (68)

London (1)

Thessaloniki (89)

Yekaterinburg (98)

Warsaw (17)

Ljubliana (25)

Top and Bottom 20 CitiesChange in Score

2018 v 2017


2018 Component Scores


-0.50

0.00

0.50

1.00

1.50

2.00

2.50

Top and Bottom 20 CitiesComponent Scores

Growth Score Wealth Score Risk Score

-0.50

0.00

0.50

1.00

1.50

2.00

2.50

All CitiesComponent Scores

Growth Score Wealth Score Risk Score

Top 20 Bottom 20


2018 Component Scores – Wealth and Growth


-0.50

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

Top and Bottom 20 CitiesWealth Score

Wealth Score

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

Top and Bottom 20 CitiesGrowth Score

Growth Score


2018 Component Scores – Wealth and Growth


-0.30

-0.20

-0.10

0.00

0.10

0.20

0.30

Top and Bottom 20 Cities, 2018 v 2017Change in Growth Score

-0.20

-0.15

-0.10

-0.05

0.00

0.05

0.10

0.15

Top and Bottom 20 Cities, 2018 v 2017Change in Wealth Score


2018 Component Scores – Business Environment


-0.20

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

All Countries, 2018 and 2017Business Environment Score

2017

2018

-0.40

-0.30

-0.20

-0.10

0.00

0.10

0.20

0.30

All Countries, 2018 v 2017Change in Business Environment Score



2018 Growth Score Components


-0.50

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

Top and Bottom 20 CitiesGrowth Score Components

GDP Employment Human Capital

Top 20 Bottom 20-0.50

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

All CitiesGrowth Score Components

GDP Employment Human Capital


2018 Growth Score Components – GDP Score


-0.50

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

Top and Bottom 20 CitiesGDP Score

-0.40

-0.30

-0.20

-0.10

0.00

0.10

0.20

0.30

0.40

Top and Bottom 20 CitiesChange in GDP Score, 2018 v 2017


2018 Growth Score Components – Employment Score


-0.50

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

Top and Bottom 20 CitiesEmployment score

-0.50

-0.40

-0.30

-0.20

-0.10

0.00

0.10

0.20

0.30

0.40

Top and Bottom 20 CitiesChange in Employment Score, 2018 v 2017


2018 Growth Score Components – Human Capital Score


-0.80

-0.60

-0.40

-0.20

0.00

0.20

0.40

0.60

0.80

1.00

1.20

Top and Bottom 20 CitiesChange in Human Capital Score, 2018 v 2017

0.00

1.00

2.00

3.00

4.00

5.00

6.00

Top and Bottom 20 CitiesHuman Capital Score


2018 Component Scores Comparison


-0.5

0.0

0.5

1.0

1.5

2.0

-0.5 0.0 0.5 1.0 1.5 2.0

Em

plo

ym

en

t S

co

re 2

01

8

GDP Score 2018

Other Regions

Cities

Yekaterinburg

St Petersburg

Vilnius

Riga

0.0

0.5

1.0

1.5

2.0

0.0 0.5 1.0 1.5 2.0

Gro

wth

Sc

ore

20

18

Wealth Score 2018

Other Regions

Cities

Madrid Moscow

Yekaterinburg


Scores over Time


1.06

1.10

1.12

1.11

1.10

1.11

1.121.13

1.11

1.04

1.091.09

1.08 1.08

1.12

1.13

1.161.16

1.16

1.00

1.02

1.04

1.06

1.08

1.10

1.12

1.14

1.16

1.18

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

All city regionsAverage Score of 100 cities

0.60

0.80

1.00

1.20

1.40

1.60

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

European Macro RegionAverage Score of 100 cities

West North South Central Southeast

European average


Scores over Time


0.80

1.00

1.20

1.40

1.60

1.80

2.00

2.20

2.40

2.60

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Key European CitiesTotal Score

London Paris Munich Madrid

0.80

1.00

1.20

1.40

1.60

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Key European CitiesTotal Score

Frankfurt Manchester Berlin Amsterdam

European average

European average


Germany – Results over Time


Rank 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Munich 5 7 6 5 7 2 3 1 3 3 2 4 6 7 4 7 5

Stuttgart 16 24 13 13 11 8 6 9 13 10 7 10 8 9 9 9 8

Berlin 65 71 75 43 38 52 50 64 55 39 46 33 29 35 16 13 15

Frankfurt 13 14 16 17 18 13 12 20 20 17 11 14 13 19 22 19 18

Cologne-Bonn

22 26 32 27 27 17 13 30 26 23 14 27 33 30 35 35 28

M'heim-K'ruhe

17 28 24 28 29 34 31 24 31 26 42 15 14 22 25 24 29

Hamburg 33 32 33 25 33 37 28 31 24 19 23 21 34 39 28 31 30

Nuremburg 30 41 39 36 35 28 30 27 33 25 17 22 21 33 44 39 31

Düsseldorf 45 48 37 32 32 42 33 34 28 27 32 26 31 42 36 30 34

Bremen 49 65 44 50 55 60 47 36 41 37 34 37 43 49 48 52 47

Leipzig-Dresden

68 50 61 51 51 48 63 49 71 55 78 51 53 65 60 54 53

Hannover 46 60 63 54 57 67 58 32 48 43 33 35 44 54 55 56 54

Ruhr 35 40 65 48 45 57 44 59 59 52 44 49 50 63 59 55 60

Bielefeld 34 56 57 61 65 69 57 41 63 68 43 52 60 66 68 63 67

Saarland 72 69 67 69 70 82 72 40 81 72 57 60 75 87 78 75 80

Score 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Munich 1.57 1.42 1.48 1.50 1.52 1.66 1.73 1.57 1.64 1.60 1.70 1.62 1.60 1.56 1.79 1.79 1.78

Stuttgart 1.34 1.24 1.34 1.37 1.42 1.47 1.50 1.38 1.38 1.45 1.50 1.45 1.55 1.52 1.59 1.59 1.61

Berlin 0.93 0.89 0.90 1.10 1.14 1.08 1.07 0.93 1.04 1.12 1.09 1.17 1.21 1.19 1.41 1.46 1.42

Frankfurt 1.35 1.29 1.30 1.33 1.32 1.33 1.35 1.25 1.28 1.32 1.38 1.35 1.37 1.31 1.36 1.38 1.38

Cologne-Bonn

1.25 1.22 1.13 1.21 1.23 1.30 1.33 1.13 1.22 1.22 1.34 1.20 1.19 1.20 1.22 1.22 1.29

M'heim-K'ruhe

1.34 1.19 1.19 1.20 1.20 1.17 1.19 1.23 1.19 1.22 1.11 1.31 1.31 1.29 1.31 1.30 1.28

Hamburg 1.16 1.14 1.13 1.22 1.18 1.15 1.20 1.12 1.23 1.27 1.28 1.22 1.18 1.18 1.28 1.24 1.25

Nuremburg 1.18 1.07 1.08 1.12 1.15 1.22 1.20 1.22 1.17 1.22 1.30 1.21 1.24 1.20 1.18 1.21 1.24

Düsseldorf 1.07 1.04 1.09 1.17 1.18 1.13 1.18 1.10 1.19 1.19 1.18 1.20 1.21 1.16 1.22 1.25 1.23

Bremen 1.04 0.96 1.06 1.04 1.02 1.04 1.08 1.07 1.11 1.12 1.16 1.13 1.12 1.10 1.12 1.11 1.14

Leipzig-Dresden

0.90 1.04 0.97 1.03 1.06 1.10 1.01 1.00 0.96 1.04 0.92 1.04 1.07 1.03 1.05 1.09 1.10

Hannover 1.06 0.98 0.96 1.02 1.01 1.01 1.03 1.11 1.06 1.11 1.17 1.15 1.12 1.08 1.08 1.07 1.10

Ruhr 1.15 1.09 0.96 1.08 1.08 1.05 1.09 0.94 1.01 1.05 1.10 1.06 1.08 1.04 1.06 1.08 1.06

Bielefeld 1.15 0.99 0.98 0.98 0.99 0.99 1.04 1.02 0.98 0.99 1.11 1.04 1.04 1.03 1.01 1.04 1.02

Saarland 0.86 0.91 0.95 0.96 0.97 0.87 0.92 1.03 0.91 0.97 1.02 1.00 0.98 0.94 0.97 0.97 0.94


Germany – Results over Time


0.80

1.00

1.20

1.40

1.60

1.80

2.00

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

German CitiesTotal Score

Munich Stuttgart Berlin Frankfurt

0.80

1.00

1.20

1.40

1.60

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16

German CitiesTotal Score

Cologne-Bonn Düsseldorf M'heim-K'ruhe Leipzig-Dresden

European average

European average


Germany –Y/Y Comparison


2018

2017


Switzerland & Austria – Results over Time


0.80

1.00

1.20

1.40

1.60

1.80

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Alpine CitiesTotal Score

Zürich Geneva Bern Vienna

0

10

20

30

40

50

60

00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18

Alpine CitiesRank

Zürich Geneva Bern Vienna

European average


Switzerland & Austria –Y/Y Comparison


2018

2017


LaSalle E-REGI Index – Methodology

60% Growth

20%

Wealth

GDP per Capita

current

20%

Business Environment

Political Stability, Sovereign Default and Trade Credit Risk, Inclusion in

EU/EFTA/EMU

current

E-REGI Score

15%

22.5%

22.5%

GDP: 5 year forecast: growth and absolute

3 year historic growth

Service Employment: 5 year forecast: growth and absolute

3 year historic growth

LaSalle Human Capital Index

LaSalle’s annual European Regional Economic Growth Index (E-REGI)

identifies the European regions and cities with the best economic growth

prospects.

As such, the E-REGI Index approximates the relative strength of future

occupier demand for real estate and will prove valuable at the basis of

any real estate investment strategy.

Our analysis includes nearly 300 regions across 32 European countries,

covering a total population of more than 745 million. A subset of 100

major cities (metropolitan areas with ≥500,000 inhabitants and all national

capitals) feature in the E-REGI Ranking.

The E-REGI index attaches a score to each region in Europe based on its

medium-term economic growth prospects, its level of wealth and the

quality of the business environment, relative to the European average

The LaSalle E-REGI Fund, open to German institutional investors, uses

the index as the base for a research-led investment strategy.


LaSalle E-REGI Index – Methodology

The LaSalle E-REGI Index (“European Regional Economic Growth

Index”) was first published by LaSalle Investment Management in 2000

with the aim of identifying those European regions with the greatest

economic growth potential over the medium term. The LaSalle E-REGI

index is updated annually and published in October.

The analysis is undertaken on regions defined by Eurostat. Eurostat has

adopted a classification system, the “Nomenclature of Territorial Units for

Statistics”, referred to as NUTS. The LaSalle E-REGI model uses the

NUTS 2 level classification, which is the best equivalent to the Standard

Metropolitan Areas (SMAs) in the USA.

The LaSalle E-REGI model presents a weighted overall score based on

sub-scores for 14 variables. For each variable, the model calculates a

score based on the region’s performance relative to the weighted average

of all regions. Thus an average location has a score of unity (“1.00”) on

each component. The LaSalle E-REGI ranking sorts the metropolitan

regions based on the overall score.

Data for the LaSalle E-REGI model is primarily provided by independent

data provider Oxford Economics, which supplies historic data and

provides forecasts on NUTS 1, 2 and 3 levels for GDP, service sector

employment and population. Oxford Economics also provides the risk

scores that underpin the business environment scores. These data are

provided at national level.

Data for LaSalle’s European Human Capital Index (LEHCI) is primarily

provided by Eurostat (for the variables Tertiary Education Attainment

Level, Population density, R&D expenditure as % GDP). The University

Ranking score is provided by the Centre for World University Rankings

(CWUR). This consulting organisation publishes annually global university

ranking based on quality of education, alumni employment, quality of

faculty, number of publications, number of publications in renowned

journals, citations and number of patents. Data on Patents are provided

by the Organisation for Economic Co-operation and Development

(OECD), while the data on Venture Capital into Technology companies is

sourced from Thomson Reuters.


Contacts

Mahdi Mokrane

Head of European Strategy

London

+44 207 852 4605

[email protected]

Anne Koeman-Sharapova

Director

London

+44 207 852 4520

[email protected]

Sabrina Zimmermann

Analyst

London

+44 207 087 6414

[email protected]

Chris Psaras

Associate

London

+44 207 852 4016

[email protected]

IMPORTANT INFORMATION

The LaSalle E-REGI model is based upon data which LaSalle Research & Strategy believes to be reliable. Whilst every effort has been made to ensure its accuracy and

completeness of the data used, we cannot offer any warranty that factual errors may not occur.

National statistical offices across Europe continue to make progress in their efforts to improve data comparability and accuracy. As such, economic data are commonly revised

many years after events have occurred – affecting the part of the model calibrated on historic data.

DISCLAIMER

This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, and is subject to correction, completion and amendment without notice. This presentation

has been prepared without regard to the specific investment objectives, financial situation or particular needs of recipients. No legal or tax advice is provided. Recipients should

independently evaluate specific investments. By accepting receipt of this publication, the recipient agrees not to distribute, offer or sell this publication or copies of it and agrees not

to make use of the publication other than for its own general information purposes.

The views expressed in this presentation represent the opinions of the persons responsible for it as at its date, and should not be construed as guarantees of performance with

respect to any investment. LaSalle has taken reasonable care to ensure that the information contained in this presentation has been obtained from reliable sources but no

representation or warranty, express or implied, is provided in relation to the accuracy, completeness or reliability of such information. LaSalle does not undertake and is under no

obligation to update or keep current the information or content contained in this presentation for future events. LaSalle does not accept any liability in negligence or otherwise for

any loss or damage suffered by any party resulting from reliance on this presentation.

Copyright © LaSalle Investment Management 2018. All rights reserved. No part of this publication may be reproduced by any means, whether graphically, electronically,

mechanically or otherwise howsoever, including without limitation photocopying and recording on magnetic tape, or included in any information store and/or retrieval system without

prior written permission of LaSalle Investment Management.

LaSalle Investment Management is authorised and regulated by the Financial Conduct Authority in the UK.


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european regional economic growth index...2018 rank city region 2018 score 2018 score category...

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