DIC Asset with successful start to 2012

Germany - DIC Asset AG presented its interim report for the first three months of the 2012 financial year. Results were shaped by four main factors. At € 31.1 million, gross rental income was up strongly, by 13 per cent. Further reduction in the... more...

Tuesday, 15. May 2012

VIB Vermögen AG reports significant revenue and earnings growth

Germany - VIB Vermögen AG has published its results for the first quarter of 2012. The company generated € 13.9 million of consolidated revenue in the first three months of 2012, on the basis of IFRS accounting. This represents around 8 %... more...

Tuesday, 15. May 2012

Deutsche EuroShop raised guidance by 4%

Germany - The shopping center investor Deutsche EuroShop has published its interim report for the first quarter of 2012 and increased its EBT and FFO guidance for the full year about 4 %. In the first three months revenue was € 51.9 million, 17%... more...

Tuesday, 15. May 2012

Youniq publishes financial figures for the first quarter

Germany - Youniq AG enjoyed positive business development in the first quarter 2012, which is reflected in income and earnings performance. Earnings from the fair-value measurement of the investment properties increased significantly to just... more...

Tuesday, 15. May 2012

Sanofi extends lease at Sony Center Berlin

Germany - Sanofi, one of the world’s leading pharmaceutical companies, extended its lease agreement, which originally had a term until the end of 2014, with the Sony Center. Sanofi employs 1,370 workers in its marketing and distribution center and... more...

Tuesday, 15. May 2012

P3 Bedburg Park - Photo: P3 Bedburg Park

PointPark Properties leased out more than 95,000 sq m

Germany - PointPark Properties (P3) is building on its successes from the turn of the year. In Germany, the Netherlands and Spain, the P3 German team leased out more than 95,000 sq m of... more...

Monday, 14. May 2012

Invesco Real Estate buys swedish retail park for German fund

Sweden - Invesco Real Estate has acquired Barkarby Retail Park 4:7 near Stockholm for about 63 million Euros on behalf of the iii-BVK Europa-Immobilien-Spezialfonds , an institutional real estate fund of Bayerische Versorgungskammer (BVK), which... more...

Monday, 14. May 2012

Carmignac Gestion hires Nick White as Sales Manage

UK - Carmignac Gestion has appointed Nick White as Sales Manager, based in its London office and reporting to Head of Country, Matthew Wright. He will take up his position at the end of June. more...

Monday, 14. May 2012

City Green Court Prague - Photo: City Green Court Prague

GlaxoSmithKline is moving to office building in Prague 4

Czech Republic - Pharmaceutical company GlaxoSmithKline has become a new tenant in the office building – City Green Court in Prague 4 Pankrác. GSK will occupy 2,000 sq m (an entire floor) as of... more...

Monday, 14. May 2012

LaSalle agrees purchase of industrial site in Newbury

UK - LaSalle Investment Management has completed the acquisition of a freehold industrial site in Newbury for 4.7 million British Pounds on behalf of an institutional pension fund client. more...

Monday, 14. May 2012

“Click and wear” shoppers push growth in online retailing

Global News - As online shopping continues its rapid growth globally, retailers are jumping on the band-width wagon by increasing their offer, according to the latest research by CBRE. more...

Monday, 14. May 2012

CBRE Global Investors acquires city office investment for Korean client

UK - CBRE Global Investors has acquired Thames Court, 1 Queenhithe, London EC4 for 165 million British Pounds on behalf of a Korean client, Public Officials Benefit Association (POBA). The vendor was Apollo Real Estate. CBRE Global Investors... more...

Monday, 14. May 2012

Prague office market – green leader & solid leasing performance

Czech Republic - At the end of Q1 2012 the A and B class office stock in Prague totalled 2,814,000 sq m, which means that the Prague office market is – after Warsaw and Budapest – the third largest one in CEE. In the first quarter 2012 there were two... more...

Monday, 14. May 2012

Dirk Schmitz joins Cushman & Wakefield‘s Investment department

Germany - Dirk Schmitz, 48, joined the Frankfurt investment department of Cushman & Wakefield as an Associate at the beginning of May. He brings over 20 years of professional experience in the real estate sector and will focus on advising... more...

Monday, 14. May 2012

Deutsche Wohnen completes first quarter of 2012 successfully

Germany - In the first quarter of 2012 Deutsche Wohnen posted a consolidated Group profit of € 14.4 million, increasing its result in comparison to the previous year (€ 8.5 million) by around 70%. more...

Monday, 14. May 2012

Vastned signs lease with Monop’ on Lille’s high street Rue Faidherbe

France - Vastned has signed a twelve-year lease agreement with the French convenience store chain Monop’ for a high street shop in the heart of Lille (France). Monop’ will lease Vastned’s high street shop on Rue Faidherbe 32-34 in the... more...

Monday, 14. May 2012

House prices on Scotland’s North East coast more than double since 2004

UK - House prices have more than doubled in three seaside towns on Scotlands north-east coast since 2004, according to the latest research from Bank of Scotland. Macduff and Fraserburgh in Aberdeenshire recorded the biggest rises over the... more...

Monday, 14. May 2012

German open-ended real estate funds: index dip caused by special item

Germany - German open-ended real estate funds returned -0.5% in April, having returned 0.0% in March. While German-focused fund performance remained positive at 0.1%, globally-focused funds produced a negative return of -0.2%, and funds with a... more...

Monday, 14. May 2012

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