Return to normality: confidence in the property markets stabilising

Germany - Following the severe shocks triggered by the financial and economic crisis, the major European property investment markets are now picking up again. Conditions for real estate investment continued to stabilise in the first...
Wednesday, 14. July 2010

Patrizia participating in DGNB pilot project

Germany - Patrizia has joined the German Sustainable Building Council (DGNB). Furthermore, with its new “F 40” development in Frankfurt, Patrizia Projektentwicklung GmbH, is participating in the DGNB pilot project “New Residential...
Wednesday, 14. July 2010

Union Investment sell HI Building in Seoul

Germany/Seoul - Hamburg-based Union Investment Real Estate GmbH has leveraged cyclical opportunities in the Seoul investment market to sell the 14-storey HI Building. The office block, which is let on a long-term lease to insurance company HI Investment & Securities and was acquired for...
Wednesday, 14. July 2010

CA Immo Group starts building Tour Total in Berlin

Germany - The some 226 feet (69 metre) high office tower Tour Total is to be built as the first building of Europacity, the projected urban district opposite Berlin’s central railway station. The high rise is scheduled to be a Green...
Tuesday, 13. July 2010

SEB restructures its German business

Germany - SEB has signed an agreement to sell its retail banking business in Germany to Banco Santander for EUR 555m. The strategic benefits and the long term financial impact are positive for SEB. Strategically this allows SEB to concentrate on its core areas of competitive...
Tuesday, 13. July 2010

Arcadis wins large environmental contract in Germany

Germany - Arcadis today announced that it has been selected by the U.S. Army Corps of Engineers Europe District as one of five prime contractors for a € 45 million framework contract. Under this contract Arcadis is allowed to compete for task orders with a select number of...
Tuesday, 13. July 2010

MEAG sells Rokin Plaza in Amsterdam

The Netherlands - MEAG has sold the office and retail complex named Rokin Plaza in Amsterdam for the account of a German special fund managed by Internationales Immobilien Institut GmbH. The property located Kalverstraat 13, 15 and 17 – Papenbroekssteeg 1 and 5, 1012 NX Amsterdam and Rokin...
Monday, 12. July 2010

ECE buys Auxideico Gestión S.A.U. management firm from ING Real Estate Development

Germany/Spain - Hamburg based ECE Projektmanagement has acquired Auxideico Gestión S.A.U., a leading Spanish center management company, from ING Real Estate Development.
Friday, 09. July 2010

AEW buys German office complex

Germany - AEW Europe´s €800 million European core fund, Euroffice, has purchased an office complex, MainPark am Kaiserlei in Offenbach, close to Frankfurt in Germany, from the Bayerische Bau und Immobiliengruppe. The office asset is fully let to the state-owned French company...
Friday, 09. July 2010

Düsseldorf accounts for increase in German office take-up

Germany - In the first half of 2010 take-up in the five major German office markets Berlin, Düsseldorf, Frankfurt, Hamburg and Munich totalled approx. 1.16 million sqm. Compared to H1 2009 this represents a growth of 10.3%, albeit...
Friday, 09. July 2010

Hotel expert Andreas Löcher joins Union Investment

Germany - Andreas Löcher has been recruited by Union Investment Real Estate GmbH to strengthen its Asset Management Hotels team. The 38-year-old, who holds a degree in business administration, took over management of the...
Thursday, 08. July 2010

Savills strengthens investment team in Frankfurt

Germany - Savills Immobilien Beratungs-GmbH has recruited Samuel Ziegler as Associate Director of its Frankfurt office from 1st July 2010.
Thursday, 08. July 2010

Deutsche Euroshop: Non-cash capital increase and acquisitions of shareholdings in three shopping centers

Germany - The Executive Board of Deutsche EuroShop AG has resolved to increase the Company’s share capital by €1,780,000.00 (corresponding to around 4.0% of the current share capital) by means of a partial utilisation of authorised...
Wednesday, 07. July 2010

Share of foreign investors on increase again

Germany - In the first half of 2010 the German market for residential portfolios saw 60 residential packages comprising a total of just below 33,900 units change hands. This marks a slight fall compared to the second half of 2009 when 74 portfolios totalling 34,400 units were...
Wednesday, 07. July 2010

Savills Munich appoints Jasmin Dombrowski as new Senior Consultant

Germany - Savills Germany has employed Jasmin Dombrowski as a new Senior Consultant for its Office Agency in Munich. Dombrowski is a certified specialist in the real estate and...
Tuesday, 06. July 2010
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