UK - Room rates in London have surged through their previous peak of June 2008 as profitability at hotels in the UK capital soars, according to the latest HotStats survey from TRI Hospitality Consulting.

UK - Major institutional investors have put their weight behind the updated Due Diligence Questionnaire launched by INREV.

Europe - On paper the last quarter saw a further improvement in the European real estate market, with dealing volumes rising 19%, yield compression continuing, capital value growth accelerating, better sentiment spreading away from just core countries and occupier markets...

UK - Jones Lang LaSalle Hotels announced the sale of Le Meridien Piccadilly, in the heart of London’s West End, on behalf of Starman Hotels. The grade II listed, 266-room leasehold hotel has been acquired by an affiliate of...

UK - Cushman & Wakefield has appointed Simon Hartley to join its growing retail asset management team. Simon, who joins from GVA Grimley, will be working on a wide variety of shopping centres. The team, led by John Prestwich, has secured eight new mandates1 in the last 12...

Turkey - Ageas announces it has reached an agreement with BNP Paribas Assurance on the sale of its Pension and Life activities in Turkey. Fortis Emeklilik ve Hayat had Gross Written Premiums of €62 million in 2009. The transaction is likely to result in a limited capital gain.

Sweden - Valad Europe has been appointed by Kefren Properties IX AB (Kefren) as investment manager of its €480 million real estate portfolio in Sweden for a term of five years.

France - Tamar European Industrial Fund today announces that it has sold a portfolio of three light industrial buildings situated in the Paris region, to a private investor (“PCVI Group”), for a total consideration of €7.45...

Poland - A consortium managed by Bilfinger Berger has been awarded the contract to build a 12.6-kilometer section of the new ring road around Warsaw, the Polish capital. The section will connect the city’s international airport...

Europe - The combination of an uncertain rental outlook and constrained access to development finance will delay the start of the next European office development cycle, according to a new report by CB Richard Ellis (CBRE).

The Netherlands - Network Rail has awarded the contract to build the company’s National Centre in Milton Keynes to BAM Construction. The contract value amounts to approximately €118 million (£100 million). BAM Construction will start...

UK - Austerity measures to reduce fiscal deficits adopted by eurozone countries and the UK affect property markets, says the latest RICS Global Commercial Property Survey published today, (26 July 2010).

UK - UK pooled property funds have delivered 22.9% annual total return over the 12 months to the end of the second quarter, as measured by the IPD UK Pooled Property Fund Indices (PPFI). This compares with a 23.9% return on...

UK - Specialist leisure agency Restaurant Property landed Jonathan Downey’s surf and turf concept Redhook for a new restaurant at 89 Turnmill Street Farringdon, EC1. Situated on the former St Germain French brasserie Redhook is a stylish New York style steak and seafood...

Germany - Despite the decreasing numbers in the first half of 2010 the Rhine-Main area* remains an important location for logistic companies. This indicates a new evaluation of NAI apollo. A letting performance of all market...