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Patrizia checks in for £25m at Edinburgh‘s Malmaison Hotel

The German asset manager has invested £25m in the Malmaison hotel on St Andrews Square in Edinburgh city centre on behalf one of its UK institutional clients. The 72-bed boutique hotel has the third highest average daily room rate in Malmaison‘s portfolio.
Friday, 24. May 2024

Czech industrial real estate market slows down

Compared with neighbouring Poland or Slovakia, rents for industrial properties in the Czech Republic can be up to a third higher. Combined with very low vacancy rates and a low supply of immediately available space, this often results in tenants opting for more competitive offers from our neighbo...
Thursday, 23. May 2024

Bonava divests Librobäck property in Uppsala to Aeonic

Bonava is divesting the Librobäck 7:2 property in Uppsala city centre to Aeonic. Handover is planned for June 2024 and the zoning plan for the property in question permits building rights of approximately 33,000 square metres of light gross floor area.
Thursday, 23. May 2024

Arrow and Cerberus to develop speculative logistics asset in Bolton

Arrow Capital Partners is working up plans to develop a 327,750 sq ft speculative logistics development adjacent to junction 6 of the M61. The site was acquired in 2020 for Arrow‘s €3 billion SIRE (Strategic Industrial Real Estate) joint venture with Cerberus .
Thursday, 23. May 2024

Warsaw office market seeks stimulus

A persistent vacancy rate of 11% (+60 bps q/q and -60 bps y/y) and the accompanying process of redevelopment and modernisation of office buildings are among the key trends summarising the Warsaw office market in 1Q 2024. Despite challenges with the availability of vacant space in central location...
Thursday, 23. May 2024

GLP completes handover of Mannheim 1 Logistics Centre

GLP has completed the handover of a newly developed warehouse to a leading German commercial vehicle manufacturer. The 17,500 sqm warehouse will be used for the commissioning, packaging, and shipping of high-quality vehicle parts.
Thursday, 23. May 2024

CA Immo with significant drop in profits

Ca Immo reports a slump in profits for the first quarter: at € 16.1 million, consolidated net income was around 48 per cent below the previous year's figure of € 30.8 million. Earnings per share amounted to € 0.16 as at the balance sheet date (31 March 2023: € 0.31 per share). FFO I of EUR 26.7 m...
Wednesday, 22. May 2024

Downing expands development finance team with Will Powell

Downing Property Finance is continuing to expand its development finance team with the appointment of Will Powell as an Investment Director. In his role he will be responsible for originating new development finance transactions across England and Wales as Downing maintains its commitment to be t...
Wednesday, 22. May 2024

Tritax completes disposal of logistic asset in Gothenburg

Tritax EuroBox has successfully completed the disposal of a prime logistics asset in Gothenburg for SEK 385m. The transaction is the fourth successful sale in EuroBox's planned disposal programme, which is aimed at reducing the company's leverage and has realised c.€173m in proceeds over the last...
Wednesday, 22. May 2024

GPE expands West End portfolio with The Courtyard

Great Portland Estates (GPE) has announced a strategic property exchange with the City of London Corporation, acquiring a long leasehold interest in The Courtyard, WC1 for £28.6 million.
Thursday, 23. May 2024

pbbIX decline slows down

The pbbIX real estate index continued its decline during the first quarter of 2024, at -2.01 points hitting the lowest level since the first quarter of 2009. However, the decline lost some of ...
Thursday, 23. May 2024

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