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Aroundtown reaches nearly full occupancy at De Admiraal

The Netherlands - With five new tenants on total 3,500 sqm, Aroundtown's experts achieve long-term letting successes for office building De Admiraal on Admiraliteitskade in Rotterdam. The new tenants come from various sectors, ranging from IT to an international logistics company.
Wednesday, 12. June 2024

VGP celebrates ground-breaking ceremony at Leipzig Airport

Germany - VGP is continuing to develop VGP Park Leipzig Airport on an area of around 450,000 m². The ground-breaking ceremony took place on Tuesday morning with Jan Van Geet, CEO of VGP, as well as Darius Scheible and Daniel Sigmann, Managing Directors of VGP Germany, together with Hartmut Handschak, District Administrator of the Count...
Wednesday, 12. June 2024

Modesta promotes Antonia Vrcic to Director and Head of Agency

Austria - As an international associate of Savills in Austria, Modesta Real Estate is part of a global network that spans the entire spectrum of all property asset classes. With Antonia Vrcic's promotion to Director and Head of Agency, she will now further build up Modesta's rental team to further strengthen this network.
Wednesday, 12. June 2024

Time hires Billy Brown as Head of Internal Sales

UK - Time Investments has hired Billy Brown as Head of Internal Sales. He has joined the company from Triple Point where he was responsible for the strategic accounts and the distribution strategy, building and delivering a pipeline of new business opportunities.
Wednesday, 12. June 2024

Balmoral Group buys Marcliffe Hotel and Spa

UK - Aberdeen's Marcliffe Hotel has been acquired by Sir Jim Milne's Balmoral Group. The five-star hotel and spa, previously owned by the Spence family, will transition to new management under Edinburgh-based Effective Hospitality Management (EHM). The sale is expected to be finalized in late June.
Tuesday, 11. June 2024

Pimco takes delivery of Edge HafenCity

Germany - Pimco Prime Real Estate has taken delivery of the prime Edge HafenCity development in Hamburg from real estate developer Edge. Designed by Henn Architects, the building offers c. 22,500 sqm of highly efficient, flexible and modern office space. With a strong focus on sustainability and tenant wellbeing, the building has alrea...
Tuesday, 11. June 2024

AM Alpha completes revitalisation in Paris

France - AM Alpha has completed revitalising the office property acquired in 2021 on Rue de La Banque in Paris and successfully positioned the property on the market. The family office secured Anjac as the single tenant for 1,500 m² rental space, which will occupy the entire building long-term.
Tuesday, 11. June 2024

CBRE IM secures refinancing for 280 Bishopsgate, London

UK - CBRE Investment Management and King Street Real Estate GP, L.L.C., in partnership with Arax Properties have secured refinancing of 280 Bishopsgate, the Grade-A sustainable wellness focused office scheme in The City of London. A competitive and flexible debt finance package was provided by a financial institution and Delancey....
Tuesday, 11. June 2024

EY to stay in Imagine office building in Łódź

Poland - EY has signed a lease extension for 1,400 m² of office space in the Imagine complex in Łódź. The company joined the group of tenants of the Imagine office complex in Łódź in 2019. EY’s Łódź branch is in Building A of the Imagine complex, at the junction of Piłsudskiego and Śmigłego-Rydza streets. EY was advised by its own Rea...
Tuesday, 11. June 2024

Whitbread uplifts its bedroom target for Ireland

Ireland - Whitbread PLC has confirmed fresh confidence in the Irish hospitality market by uplifting its bedroom target for the country. The company has revised its medium-term growth target to 5,000 bedrooms in Ireland – a 30% increase on its current network target of 3,500 bedrooms – and has released an updated list of target location...
Tuesday, 11. June 2024

Dils appoints Pedro Lancastre as new CEO in Portugal

Portugal - Dils has announced the appointment of Pedro Lancastre as CEO to lead its operations in Portugal. This follows the recent acquisition of Castelhana . The move is part of Dils' internationalization strategy to become the independent, smart and innovative player in the European real estate market.
Tuesday, 11. June 2024

Patrizia loses head of sustainability Mathieu Elshout

Germany - The investment manager loses its head of sustainability and impact investing. After three and a half years, Mathieu Elshout is leaving to join Australian superannuation fund provider Aware Super. Patrizia is reorganising its ESG team to fill the gap.
Tuesday, 11. June 2024

SIOR European Region Chapter announces new President and Executive Committee

UK - The European Chapter of the Society of Industrial and Office Realtors (SIOR) has elected Iain Finnegan SIOR, FSCI, FRICS, and Managing Director of Finnegan Menton, as President. Finnegan succeeds past president, Andrew Smith, SIOR, FRICS, and will serve from May 2024 until April 2026.
Tuesday, 11. June 2024

Cinch snaps up Paragon House in Bedford

UK - Self-storage company Cinch has acquired the Paragon House, at Woburn Park Industrial Estate in Bedford. The 14,500 sq ft high-specification light industrial, storage and office building, which sits on a 1.4-acre site, has changed hands for an undisclosed sum.
Tuesday, 11. June 2024