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Harrison Street and GSA JV close 4th student housing development in Dublin

Ireland - The joint venture between Harrison Street Real Estate Capital and Global Student Accommodation Group announced plans to develop phase II of its New Mill student housing project in Dublin, Ireland. The announcement comes shortly after the JV announced in late 2016 its Brunswick Street project, which will serve as a gateway a...
Freitag, 24. März 2017
Fleet Place House sold to Beijing Shokai for €111.61m

Fleet Place House sold to Beijing Shokai for €111.61m

UK - Grosvenor Europe has agreed the sale of Fleet Place House in the City of London. It has been sold to Beijing Capital Development Holdings, on behalf of the Grosvenor London Office Fund (GLOF) for €111.61m (£96.5 Million).
Freitag, 24. März 2017

AXA IM completes acquisition of The Beacon at Waugh Chapel

Global News - AXA Investment Managers - Real Assets has completed, on behalf of one of its clients, the acquisition of The Beacon at Waugh Chapel, a multifamily property located between Washington DC and Baltimore in the USA. AXA IM - Real Assets has acquired, on behalf of one of its clients, an approximate 95% stake in the property, along...
Freitag, 24. März 2017
Carola Obermöller appointed as new Managing Director  at Redos

Carola Obermöller appointed as new Managing Director at Redos

Germany - The Hamburg-based Redos Group has expanded its management team with Carola Obermöller (50) acting as Managing Director of Redos Invest Management GmbH since 1 March. “Carola Obermöller brings along more than 20 years of professional experience in the field of retail property investment and development. With her we have gained...
Freitag, 24. März 2017
Alma Property Partners completes third acquisition in Denmark

Alma Property Partners completes third acquisition in Denmark

Denmark - Alma Property Partners acquires 15 apartments and 8 commercial units in Valby, Denmark. The transaction is the third residential transaction in Denmark for Alma's opportunistic fund. The property comprises approximately 3,500 sqm of leasable area and it was acquired from a private Danish investor by Alma's pan-Nordic opport...
Freitag, 24. März 2017
Glasgow: 58 Waterloo Street achieves practical completion

Glasgow: 58 Waterloo Street achieves practical completion

UK - 58 Waterloo Street, a prime office development located in the heart of Glasgow’s Central Business District, has achieved practical completion following an extensive refurbishment project. The property comprises 31,068 sq ft of Grade A office space over eight levels, providing a welcome boost to the city’s commercial property ...
Freitag, 24. März 2017

Adler Real Estate reaches all targets

Germany - Adler Real Estate AG sccessfully reached or outperformed all of its financial targets guided for the financial year 2016. Both operating results and net asset value increased strongly, while significantly improving the Group's financial structure and significantly lowering its LTV ratio during the same period. For 2017, the c...
Freitag, 24. März 2017
Goodman realizes distribution center for Knorr Bremse

Goodman realizes distribution center for Knorr Bremse

Germany - Goodman Group developes a 17,000 sqm logistics centre in the Berlin East Freienbrink Freight Village for GLX Global Logistics Services GmbH. Of this, the logistics service provider is initially managing 12,000 sqm for GLX’s customer Knorr-Bremse, the world’s leading manufacturer of braking systems for rail and commercial vehi...
Freitag, 24. März 2017
Ferroni opens shoe salon in PlacUnii

Ferroni opens shoe salon in PlacUnii

Poland - Ferroni, a family Italian shoemaking company, opened its salon in the PlacUnii City Shopping in Warsaw. The shop with Italian shoes and leather goods is located on a more than 50 sq m. Knight Frank acted on behalf of the property owner Invesco in the leasing process.
Freitag, 24. März 2017

Deka Immobilien leases large area in the Hamburg Fleethof property

Germany - Deka Immobilien GmbH has extended a lease agreement for close to 5,600 m² of space with CMS Hasche Sigle, Hamburg. The international law firm, which has been located in the Fleethof since 1996, expanded its lease by around 1,700 m² to around 7,300 m² at the same time. The prestigious office building was built in 1993 in Hanse...
Freitag, 24. März 2017

Standard Life Investments secures WeWork for Hamburg

Germany - The Standard Life Investments European Real Estate Club L.P II (Euro Club II), has leased 7,800 sq m (83,958 sq ft) of office space in Hanse Forum in Hamburg to co-working and shared office space specialist, WeWork.
Freitag, 24. März 2017

Orchard Street acquires premier London gym

UK - Orchard Street Investment Management today announces the freehold acquisition of a Virgin Active gym, located on Smugglers Way, Wandsworth, London for €14.98 million (£12.95 million). The transaction, made on behalf of St James's Place Property Unit Trust from TH Real Estate, reflects a net initial yield of 5.0%. 
Freitag, 24. März 2017

Half of business premises at Redi shopping centre leased

Finland - More than 100 of the just over 200 business premises at the Redi shopping and experience centre, being implemented by SRV in Kalasatama, Helsinki, have already been leased on binding agreements. In addition, lease negotiations are currently under way on all of the remaining business premises.
Donnerstag, 23. März 2017
Newcastle's retail regeneration takes step forward

Newcastle's retail regeneration takes step forward

UK - Newcastle City Council and NE1 has appointed Cushman & Wakefield and FaulknerBrowns Architects to produce a strategy to transform the city’s Northumberland Street area in a bid to become a top European retail and leisure destination. A number of interventions to boost footfall to the area, which is home to department store Fe...
Donnerstag, 23. März 2017

Peach Property records profit

Germany - According to the final figures for the financial year 2016, Peach Property Group has gained a rise in profit after tax of CHF 10,4 million, following only CHF 1,2 million in the year before. Also for 2017, the company plans to stay on the growth path.
Donnerstag, 23. März 2017

Despite the strike, growth continues at Berlin's airports

Germany - In the first two months of 2017, over 4.5 million passengers flew from Schönefeld and Tegel. That is 8% more than in the same period in 2016. At Schönefeld Airport the number of passengers grew by as much as 16.1% compared to the previous year. The current traffic report contains the figures for passengers, flights and air ca...
Donnerstag, 23. März 2017