Market Report - DTZ, part of UGL Services, a division of UGL Limited released its latest European Investment Market Update. The report showed fourth quarter 2011 commercial real estate investment activity totalled €31.4bn in Q4 2011, a 17% increase on...
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Germany - TAG Immobilien AG has sold its 20-percent stake in Estavis AG at an attractive price. The transaction was executed at the end of January; the parties have agreed to keep the purchase price confidential. TAG Immobilien AG will continue to...
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Global News - 25.9 billion Euros property portfolio
9.03 Euros recurring earnings per share (minus 2.6%)
Net Asset Value per Share:
130.70 Euros, +4.9% (EPRA triple Net Asset Value per share)
143.10 Euros, +4.8% (Going Concern NAV per share)...
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Poland - According to the latest research by CBRE, international real estate consultancy firm, total office take-up for Warsaw in 2011 reached a record level of 573,000 sq m. This is the best result in Warsaw ever achieved on an annual basis.
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Poland - A global commercial real estate advisory firm Cushman & Wakefield acted as agent for leasing office space in Senator office building in Warsaw. BRE Bank, a new tenant in Senator office building, will take 1,665 sq m. Cushman & Wakefield is...
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Slovakia - CBRE yesterday announced that Tomas Hegedus has been appointed as Managing Director of the company’s market-leading Slovakian business. Tomas succeeds Joerg Kreindl, who moves into...
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Sweden - The Carlyle Group announces that it has acquired an office and residential led mixed use portfolio in the Nacka Strand area of central Stockholm for SEK 2.95 billion/ € 337 million, from Vasakronan, Sweden’s national pension fund....
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Poland - On January 31, 2012, Griffin Group bought from RE Polish Property the Prima Court A-class office building located at 68 Nowogrodzka Street, in the Warsaw’s Central Business District. The transaction is a continuation of Griffin Group's...
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The Netherlands - Goodman Group has completed an extremely successful year with a total of 1,032,000 m² of new pre committed developments secured across Continental Europe in the 2011 calendar year, with the Group achieving record results in Germany and...
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UK - LaSalle Investment Management has completed the sale of Wey Retail Park, West Byfleet, on behalf of a pension fund client. The sale to ING was agreed at a price of £12.85 million, representing a net initial yield of 5.93%. Located on...
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Germany - Gazeley has agreed a deal with the Local Development Agency to secure a 30 acre site in North-Rhine-Westphalia. The site, which can accommodate buildings of up to 55,000 m² (591,800 sq.ft.), has direct access to the A42 motorway connecting...
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Germany - Since the beginning of 2012 Sebastian Ott (42) has joined the team at Segro Germany GmbH as the new Investment Director Northern Europe. In this capacity he is responsible for...
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Germany - Corestate Group announces the final close of its German Commercial Properties Fund LP. The final close includes a commitment from a large Finnish financial institution, taking the anticipated investment volume of the Fund to...
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Germany - Cordea Savills has acquired International Property Asset Management GmbH (IPAM) for an undisclosed sum. The acquisition complements and expands Cordea Savills existing German business and increases assets under management in Germany to...
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UK - A three-year modernisation programme designed to transform one of Bath’s oldest hotels, The Abbey, into a mid-market boutique offering, has today been announced by the hotel’s new owners Ian and Christa Taylor.
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Global News - Israel Casanova has been appointed Country Manager for Redevco Spain and Portugal. Casanova succeeds and will report to Javier Hortelano, who was recently appointed Chief Operating Officer at Redevco.
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UK - The Directors of Redefine International have placed a total of 12,750,000 Ordinary Shares of 7.2 pence each with Redefine Properties International Limited at a price of 37.0 pence per share (a 2% discount to the closing mid-price on 31...
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Germany - The Berlin branch of the Segro Group has concluded a long-term lease agreement for around 200 m² of office space at the new Segro Service Park Berlin Airport with the global transport organisation Emo Trans GmbH. The start of the rental...
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