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Poland - Radisson Hotel Group to announce an agreement with Zdrojowa Invest & Hotels group for two new-build Radisson resorts in Poland. The hotels span the country, from the foothills of the Karkonosze Mountains in Szklarska Poręba to the northern Baltic coast in Kołobrzeg. The hotels will be part of the upscale Radisson brand, bring...
Germany - Deutsche Investment Kapitalverwaltungsgesellschaft just acquired a housing estate in Berlin-Neukölln which comprises 286 flats and two commercial units with a combined lettable area of around 16,500 square metres. The acquisition was done for an individual mandate of an institutional investor account that Deutsche Investment ...
UK - New advisory law firm Avonhurst announced it will be joined by new partner, Emmanuel Amos. Since Avonhurst launched just six weeks ago, it has already attracted three partners who honed their practice at magic circle firms.
Global News - Cities in Europe’s secondary locations including Prague (+124%), Warsaw (+119%), Stockholm (+46%), Berlin (+37%), Dublin (+26%), Athens (53%) and Milan (+16%) have all seen increased investment activity in the first six months of 2019, according to the latest research from Savills.
Germany - Verdion has agreed a deal with global water technology company Xylem to develop a research and production facility for water analysis equipment at a site in Weilheim, Southern Germany. The project development is financed by the Canadian pension fund Healthcare of Ontario Pension Plan (HOOPP), with which Verdion maintains a pa...
Germany - Peach Property Group has increased the market value of its real estate portfolio in the first half of 2019 to a new high of slightly more than CHF 793 million thanks to increased investments in the real estate portfolio. Compared with the end of the first half of 2018, this is an increase of a good 35 percent, and more than 6...
UK - James Lenton has been appointed as new Chief Financial Officer (“CFO”) and Executive Director at Hammerson plc London. He will become an Executive Director on 16 September 2019 and will take over the role of CFO with effect from 1 October 2019.
UK - The property sector has the second highest proportion of family businesses in the UK. That’s according to a new analysis commissioned by specialist lender Cynergy Bank. 549,595 family firms out of a total of 1,446,305 private businesses have two or more family members in management positions.
UK - CBRE has announced the appointment of Moira Gordon and Kirsty Gordon in the Scottish Rating team in Aberdeen. They join from FG Burnett, where Moira Gordon was recently promoted to Head of Rating having worked in FG Burnett’ s Aberdeen office since 2010. She joins CBRE as a Director. Kirsty Gordon has recently passed her Roy...
UK - Perth-based J&S McKenzie Group has acquired Moness Resort and Aberfeldy Caravan Park, thanks to a seven-figure funding package from Royal Bank of Scotland. The family-run business, owned by John and Steven McKenzie, has been involved with the Moness Resort since 2013 and is well placed to build on the reputation and growth of...
Germany - Münchener Hypothekenbank eG (MünchenerHyp) recorded a strong increase in its new business results in the first half of 2019 as new commitments made for long term property financing totalled € 3.6 billion, or 63 percent more than the same year-ago figure.
UK - St. Modwen has purchased the last 46 acres of land at St. Modwen Park Stoke Central (formerly known as Etruria Valley), Stoke-on-Trent, from Tata Steel. The deal brings a conclusion to agreements made with the steel making company nearly 25 years ago and enables the developer to deliver a further 800,000 sq ft of industrial/l...
Italy - Boutique hotel brand, Hotel Indigo, opens its third hotel in Italy in the bustling city of Milan. Hotel Indigo Milan – Corso Monforte, is centrally located close to the notable fashion district. The hotel takes inspiration from the surrounding neighbourhood, „mixing elements from 1950’s Italian vintage fashion with contempora...
UK - Six industrial units in Sutterton, Lincolnshire totalling 15,934 sq ft have been sold off a guide price of £900,000. The fully let, freehold premises have been purchased by BW SIPP Trustees Ltd in a deal negotiated by Leeds-based Carter Towler.
UK - Palm Capital announces the sale of a Grade A office building at 1 Waterfront Avenue, Edinburgh, to The Bank of London & The Middle East (“BLME”), a UK-based Islamic bank, for approximately £27 million (c. €29.5m).
Germany - Through its merger with GEG German Estate Group AG in June 2019, DIC Asset AG further strengthened its investment and asset management, which focuses on commercial real estate, and increased its institutional investor base to include additional domestic and international capital providers. On top of that, the takeover strengt...
Poland - The business services sector already occupies three million sq m of office space across Poland, and a further increase in the near future is expected. Advisory firm JLL summarizes the activity of companies from the business services sector on Poland's key office markets in H1 2019.
