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» Chronological View: "" «

Refurbishments accounted for only 20% office supply in the CBD of Warsaw

Poland - Warsaw’s Central Business District (CBD) is currently delineated by Jana Pawla II Avenue, Solidarności Avenue, Hoża, Krakowskie Przedmieście and Nowy Świat streets. The City Centre expanded north up to Gdański Railway Station, west to Karolkowa Street and south to Unii Lubelskiej Square. It abuts the Vistula River in the east...
Friday, 23. February 2018

Ikea probes terrain in the city of Munich

Germany - Not much is known about Ikea`s plans in Munich, but the home furnishings giant is actually looking for an inner-city location. The Swedish furniture store has commissioned a feasibility study from the Department of Spatial Planning at the Technical University. The current focus seems to be on locations like Paketposthalle, th...
Friday, 23. February 2018
Aviva Investors acquires freehold interest in office development in Manchester

Aviva Investors acquires freehold interest in office development in Manchester

UK - Aviva Investors has agreed to forward fund the development of Eleven York Street in Manchester having acquired the freehold interest in the site from Kier Property, the development arm of Kier Group. Kier Property and Aviva Investors will work in partnership to deliver the 85,000 sq ft office development. Will Kennon of CBRE ...
Friday, 23. February 2018

Logistics and industrial market in Greater Berlin sees take-up up to 420,000 sqm

Germany - For 2018, Realogis Berlin is forecasting take-up of between 390,000 sqm and 420,000 sqm in the letting of logistics properties and industrial spaces in the Greater Berlin area by all market participants, provided the market situation remains stable. “The focus is on deals in the size segments between 5,000 sqm and 15,000 sqm,...
Friday, 23. February 2018

Wigan Acquisitions acquires Budapest office

Hungary - Wigan Acquisitions has started the new year with the completion on a multi-let office building in central Budapest, taking the total capital deployed on behalf of its family office and private equity partners to €135m. Austria House, a modern office building of 3,400 sqm GLA over ground level and 8 upper floors with the benef...
Friday, 23. February 2018

Aik buys „Zollstock Arkaden“ in Cologne

Germany - Aik is expanding its domestic portfolio for one of its real estate special fund with the „Zollstock Arkaden“ at Vorgebirgsplatz 114-120, a mixed-use property in Cologne's Zollstock district. The total investment costs were approx. €46 million. Seller is the Allianz Lebensversicherungs-AG, represented by Allianz Real Estate Ge...
Friday, 23. February 2018

ISS sells its landscaping business

UK - ISS focuses on core business through divestment of landscaping activities. ISS UK Limited today has exchanged contracts to sell its Landscaping Business to Tivoli Group Limited, a company backed by Sullivan Street Partners. The divestment is in line with ISS’ overall strategy and will see the transfer of around 1,100 operati...
Friday, 23. February 2018

HIH Property Management increases assets under management by 18.6%

Germany - HIH Property Management GmbH is continuing its trajectory of constant growth. At the end of the year, the pan-European real estate service provider had a portfolio of assets under management worth €7.0 billion, which corresponds to an increase of 18.6% year on year. 65% of current properties are managed on behalf of external ...
Friday, 23. February 2018

InfraRed sells £320m UK industrial portfolio to Blackstone and M7

UK - InfraRed Capital Partners, on behalf of its Active Real Estate Fund III, has recently exchanged contracts to sell approximately £320m of UK light industrial assets to Blackstone Group LP and M7 Real Estate. The transaction reflects a net initial yield of approximately 6.3% after allowing for rental guarantees.
Friday, 23. February 2018

Zalando selects site for its new logistic centre

Poland - Zalando Lounge, the shopping club of fashion platform Zalando, will launch the development of a 130,000 sq m logistics center near Olsztynek. It will serve as a workplace for up to 500 people. The project will be developed by Hillwood.
Friday, 23. February 2018

Schroder European REIT announces its unaudited net asset value

Global News - Schroder European Real Estate Investment Trust announces its unaudited net asset value (NAV) for 31 December 2017, together with its first interim dividend for the year ending 30 September 2018.
Friday, 23. February 2018

Hansteen Holdings appoints Jim Clarke as independent non-executive Director

UK - The Board of Hansteen announces the appointment of Jim Clarke as an independent non-executive Director with effect from 27 February 2018. Clarke, a Chartered Accountant, has extensive board experience of listed companies in the property and leisure sectors. Until July 2017, he was Group Chief Financial Officer of Countrywide ...
Friday, 23. February 2018

Sanderson Weatherall moves to Central Square

UK - Sanderson Weatherall has completed a move to the £100 million(c. €113.4 million) Central Square development on Wellington Street in Leeds city centre. The team of 80 has moved in to the prime grade A office space on the sixth floor of the landmark development. The firm has also relocated its residential estate agency to a gro...
Friday, 23. February 2018

NCC acquires the construction company Jakobsen & Blindkilde

Denmark - NCC acquires the construction company Jakobsen & Blindkilde and will thereby gain a substantially stronger foothold primarily in Jutland but also in the rest of Denmark. The acquisition will also give access to new strategically attractive areas in the field of civil engineering works and site preparation.
Friday, 23. February 2018