Central Europe boosts industrial real estate market

UK - Central Europe continues to play a significant role on the industrial real estate map, and despite the rebalancing of the global economy, the market saw a number of major transactions; last year, around 1.5 million square...
Tuesday, 09. March 2010

European housing showing signs of recovery

UK - Signs of recovery are visible in some European housing markets, especially in sales levels and prices, says the latest RICS European Housing Review launched today in Brussels (2 March 2010).
Monday, 08. March 2010

JNJ Global Business Services moves out of Andel Park

Czech Republic - Jones Lang LaSalle announces that it assisted with the disposal of premises in Andel Park, finalising the relocation of JNJ Global Business Services s.r.o. (“JNJ GBS”), the shared service centre organization of Johnson & Johnson, to the Factory Office Centre.
Thursday, 04. March 2010

Skanska Property sells office building Vysehrad Victoria in Prague to Hypo Real Invest AG

Czech Republic - Skanska Property Czech Republic is divesting its office project, Vysehrad Victoria, in Prague to the HRI Immobilienfonds Nr.1 of the Austrian Hypo Real Invest AG for €13.5...
Thursday, 04. March 2010

Global property markets on the up-investment volumes forecast to reach $478 billion in 2010

UK - According to Cushman & Wakefield’s 2010 Global Investment Atlas, which monitors investment flows in commercial property in 56 countries, global investment volumes are forecast to rise 30% this year, hitting $478bn...
Wednesday, 03. March 2010

Hochtief Projektentwicklung appoints regional manager for Southeast Europe

Hungary - Peter Noack (41) has been appointed Regional Manager for the Southeast European subsidiaries of Hochtief Projektentwicklung GmbH. The jurist has worked in Prague as general...
Tuesday, 02. March 2010

European and Asian office market rents stabilizing

UK - The effects of the economic crisis on demand for office space varied across the world’s major office markets in 2009, and there are now widespread differences in their rental characteristics, according to CB Richard Ellis’ (CBRE) new Global Office Rental Cycle report....
Monday, 01. March 2010

European Chain Hotels Market Review - Happy New Year for London hoteliers

Europe - London began 2010 as it ended 2009, with, by far, the highest Gross Operating Profit per Available Room (GOPPAR) across the sample of European cities in the latest HotStats survey from TRI Hospitality Consulting.
Monday, 01. March 2010

Construction of Kolovratek project successfully completed and approved

Czech Republic - The Kolovrátek residential project with 43 flats from the Codeco development company obtained its valid construction approval in February. The construction of three...
Thursday, 25. February 2010

Multi Development restarts construction of new Karolina

Czech Republic - Multi Development Czech Republic today announced the restart of construction of its major inner-city development in Ostrava. Construction workers are now returning to the large site in the city centre. This follows Multi’s...
Thursday, 25. February 2010

Kraft Foods has a new head office – Amazon Court

Czech Republic - One of the largest packaged food companies in the world – Kraft Foods – has chosen the energy-efficient Amazon Court building in Prague’s Karlín district as its new headquarters. Kraft Foods has been occupying more than...
Thursday, 25. February 2010

Bohemia Energy moves into Palác Archa

Czech Republic - Jones Lang LaSalle announces the moving of Bohemia Energy Entity s.r.o., the electricity and gas provider, into Orco’s Palác Archa. The company signed for a total of 2,170 sq m.
Tuesday, 23. February 2010

2010 to see Moderate rises in take-up and investment volumes up across Europe

Europe - Office take-up in the main European cities is to rise moderately by 9% in 2010, according to BNP Paribas Real Estate. The leading global property adviser also forecast that the investment market will rise sharply with...
Monday, 22. February 2010

Simon Property Group Makes $10 Billion Offer to Acquire General Growth Properties

International - Simon Property Group, Inc. announced that it has made a written offer to acquire General Growth Properties, Inc. in a fully financed transaction valued at more than $10 billion (approx. €7.26 bln.), including approximately...
Friday, 19. February 2010

Knauf Insulation signs lease agreement with Explora Business Centre

Czech Republic - Today Quinlan Private Golub announced that leading insulation supplier, Knauf Insulation, has signed a lease agreement for 425 sqm of office space in phase I of Explora Business Centre, the A-Class Jupiter building,...
Friday, 19. February 2010
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