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» Chronological View: "" «

KfW lets 5,300 sqm in Frankfurt office building Centurion

Germany - The KfW banking group has let approx. 5,500 sqm in the office building Centurion in Frankfurt-Bockenheim. The property, which is located at Theodor-Heuss-Allee 112 and also known as the American Express House, is part of the portfolio of the Dutch Family Office Golden Star. They had acquired the 30,000 sqm property in 2016 fr...
Friday, 20. April 2018
Garbe Real Estate celebrates topping out ceremony for Campus Tower in Hamburg

Garbe Real Estate celebrates topping out ceremony for Campus Tower in Hamburg

Germany - The topping-out wreath was raised: The Campus Tower will be one of the most striking buildings in the HafenCity Hamburg. A 16 floor tower with a long side bar marks the beginning of the Baakenhafen quarter and connects Hamburgs „academic quarter“ to the east of HafenCity University.
Friday, 20. April 2018
Lothbury to develop Malmaison boutique hotel

Lothbury to develop Malmaison boutique hotel

UK - Lothbury Investment Management, on behalf of Lothbury Property Trust, is to fund a development of a new Malmaison boutique hotel in York. The new hotel, which is a redevelopment of a 1960s landmark building previously known as Yorkshire House, is on Rougier Street, within the historic city walls and close to York’s railway st...
Friday, 20. April 2018

Lar España's AGM approves a dividend payment of €45 million

Spain - Lar España Real Estate Socimi S.A.'s AGM approved a €0.49 dividend per share reported against 2017’s results, which equates to a €45 million dividend payment, 50% more than the €30 million paid in 2016, and well above the €12 million in 2015. The dividend payment will be made on Wednesday 18 May. Dividend yields stand at 5.5%...
Friday, 20. April 2018

Eurocommercial completes sale of four properties

Italy - Eurocommercial Properties N.V. has completed the sale of four of its Italian properties to IGD. Eurocommercial has sold Centro Lame (Bologna), La Favorita (Mantova), Centroluna (Sarzana) and Centro Leonardo (Imola ) in a single transaction for €187 million. The price is in line with the latest independent property valuati...
Friday, 20. April 2018
Tristan sells FMZ Stadlau retail park to fund of Bayerische Versorgungskammer (BVK)

Tristan sells FMZ Stadlau retail park to fund of Bayerische Versorgungskammer (BVK)

Austria - A new institutional real estate fund launched on behalf of the German pension fund Bayerische Versorgungskammer (BVK) has acquired FMZ Stadlau retail park in Vienna from a core plus fund advised by Tristan Capital Partners for circa €39 mn.
Friday, 20. April 2018

Hemsö acquires two nursing homes in Turku

Finland - Hemsö is acquiring two nursing homes that are under construction in the Turku region. A 12-year lease agreement has been signed with the care company Esperi Care Oy for both of the nursing homes. The investment amount is c. €12 million (SEK 125 million). The two nursing homes are in two different locations in the expanding Tu...
Friday, 20. April 2018
Chiswick Park Enjoy-Work appoints Matt Coulson as new CEO

Chiswick Park Enjoy-Work appoints Matt Coulson as new CEO

UK - Chiswick Park Enjoy-Work has appointed Matt Coulson as Chief Executive Officer (CEO). Coulson will be responsible to lead and develop the business strategy for the 1.8 million sq ft office development in Chiswick, W4, managed by property management company Enjoy-Work. Coulson joined Chiswick Park Enjoy-Work as Operations Dire...
Friday, 20. April 2018

Overseas capital continues to drive central London investment

UK - Continuing a trend seen for the past 18 quarters, overseas investment made up the majority of Central London office investment transactions in Q1 2018, according to global real estate advisor, CBRE. Overseas buyers were behind 79% of deals in the first quarter of the year and have accounted for more than 83% of all transactio...
Friday, 20. April 2018

Second-tier cities combine higher returns with lower risks than metropolises

Germany - Second-tier cities offer higher return potentials than the seven Class A cities, while also boasting a greater stability of income, a comprehensive survey conducted by Demire Deutsche Mittelstand Real Estate AG and the bulwiengesa research institute published found. The elevated return potential manifests itself most conspicu...
Friday, 20. April 2018
Neinver opens Halle Leipzig The Style Outlets Phase II

Neinver opens Halle Leipzig The Style Outlets Phase II

Germany - Neinver has officially opened the Phase II extension of Halle Leipzig The Style Outlets. The first outlet centre in Central Germany, which is also celebrating its second anniversary, has increased by 60 percent its GLA with the addition of 7,000 m2, taking the centre’s total commercial space to 18,000 m2.
Friday, 20. April 2018

Pbb provides finances for acquisition of three shopping malls for Newbridge

Poland - Pbb Deutsche Pfandbriefbank provided an investment facility of €74 million to companies owned by Newbridge for the acquisition of three shopping malls in Poland, namely Bielawy in Torun, Guliwer in Lódź and Czyżyny in Kraków. The 72,000 sqm portfolio is nearly fully leased, with Carrefour Polska as the anchor tenant on long l...
Friday, 20. April 2018
Quadoro acquires Shopping Centre in Kaiserslautern

Quadoro acquires Shopping Centre in Kaiserslautern

Germany - Quadoro Doric has acquired the Fackelcenter in Kaiserslautern on Richard-Wagner-Straße 1 for the open-ended special AIF Vontobel Sustainable Real Estate Europe. The Fackelcenter is a mixed-use retail and office building with 11 storeys and 9,200 m² of lettable space. It is conveniently located on one of the most highly freque...
Friday, 20. April 2018

Istanbul New Airport houses 451-room hotel to be operated by Yotel

Turkey - IGA, the constructer and operator of Istanbul New Airport (INA) for 25 years, and Yotel have signed an exclusive hotel management contract. The hotel, which will be one of the biggest airport hotels in the world, with both airside and landside access, will feature 451 rooms. Located conveniently inside the main terminal build...
Friday, 20. April 2018
Foundation stone laid for Alexander quarter in Berlin

Foundation stone laid for Alexander quarter in Berlin

Germany - Since the beginning of the year, excavators are rolling on the site of the new Alexander Quarter (Alexanderquartier), in the immediate vicinity of Alexanderplatz in Berlin. On April 10 the development participants laid the foundation stone. Investor for the development is a development company of the European Student Housing ...
Friday, 20. April 2018
P&P buys Telekom portfolio for approx. €80 million

P&P buys Telekom portfolio for approx. €80 million

Germany - The P&P Group acquired the Southwind Portfolio a few days ago. Seller is Deutsche Telekom AG. Now in addition to Bavaria, the developer from Fuerth is also represented in the federal state of Baden-Wuerttemberg, Hessen and Rhineland-Palatinate with the Nuremberg metropolitan region and the Munich area.
Friday, 20. April 2018
Ballymore und Oxley JV sell Dublin office asset to German Triuva

Ballymore und Oxley JV sell Dublin office asset to German Triuva

Ireland - Irish property company Ballymore and its Singapore partner, Oxley has completed the sale of its first building of its Dockland development in Dublin. Triuva has acquired the newly built, fully leased No.1 Dublin Landings on behalf of a separate account mandate from a German pension fund. The purchase price remains undisclosed...
Thursday, 19. April 2018