Germany - An e-scooter manufacturer is opening a long-term branch in Krefeld. On advice of Realogis the specialist for innovative means of transportation in the field of electromobility has signed a lease for 725 sqm of warehouse and office space in the „Green Business Park“ at Odilia-von-Goch-Straße 16. Due to the latest contract the ...

France - The sale of the Pullman Paris Tour Eiffel has been completed. The transaction joins a series of major hotel deals that demonstrate the attractiveness of the Paris hotel market. Recently, Sono Hospitality secured the Dame des Arts, City Developments Limited the Hilton Opera and Gruppo Statuto the Mandarin Oriental.

Belgium - The Finnish Embassy has extended its lease of 5,000 square metres of offices in „Le Corrège“ on Avenue Cortenbergh in Brussels. Under the new lease, the embassy will remain in the building until 2040.

Germany - VGP NV and Deka Immobilien announced the signing of the second closing between VGP and their 50:50 joint venture, RED (The 'Fifth Joint Venture'). The transaction comprises two logistics buildings and a multi-storey car park which were developed in parks that have already transferred to the joint venture in the first closing....

Global News - Europe's average office occupancy rate has risen from 55% to 59% over the last year, says Savills, with Madrid now standing at 68%, almost back to the European pre-pandemic average rate of circa. 70%. London West End and Paris CBD have the second and third highest rates, at 61% and 59%, respectively. Warsaw has seen the highe...

Poland - The Rico restaurant, the Ramenownia ramen place and LunaSkin beauty parlour are the three brands to have joined the tenant roster of the Lixa City Gardens retail concept, which has been arranged in the Lixa office complex near Warsaw’s Daszyński Roundabout. Yareal Polska, based on new agreements, has leased over 550 m² of mod...

Global News - IWG anticipates record network growth in 2024, as businesses of all sizes embrace the benefits of hybrid working. The company now has approximately 4,000 locations in more than 120 countries.

UK - Materials science company Pangaia is set to open its first standalone UK flagship store in Shaftesbury Capital's Soho neighbourhood, in a prime location on Carnaby Street this summer.

Global News - The European hotel investment market is set to flourish this year, with 70% of investors planning to increase capital allocation to the sector, according to CBRE’s 2024 European Hotel Investor Intentions Survey. A further 25% of respondents intend to maintain their asset allocation levels.

UK - Developer Cole Waterhouse has exchanged on the acquisition of the former Hilti headquarters in Trafford, with plans to bring forward a new mixed-use, residential-led development on the site.

UK - Wingstop UK today opens on Clapham High Street, London.

Poland - Panattoni has begun construction on a new industrial park in Będzin. The first stage of the work has already been launched and is to be completed in September. It will comprise a 27,500 sqm building constructed on a speculative basis. The total area of the park is to come to 87,500 sqm.

UK - Five transactions have taken place at Genesis Park in South Wigston, near Leicester, including a 6,000 sq ft unit to leading healthcare automation solutions and service provider Deenova.

UK - The City of London recorded its joint highest number of office leasing deals in a calendar year in 2023 with 331 transactions over 5,000 sq ft, according to a comprehensive analysis of office relocation trends by Cushman & Wakefield. This equals the totals recorded in 2015 and 2018, the highest in the last decade.

Poland - CTP has acquired investment land in four strategic locations offering the opportunity to build approximately 200,000 sqm of lettable space in the short term, with sites in Łódź, Toruń and the Warsaw agglomeration ready for development. This land acquisition is part of CTP's strategy, announced last year, to invest €300 millio...

Germany - Le Masurier sells its last asset in Germany: The British property company has sold the HENRI office and laboratory building in Erlangen to French SCPI, Transitions Europe, managed by Arkéa Real Estate Investment Management, for €12+million.

Germany - Imaxxam has acquired the newly constructed „West Side Spark“ office building in Bonn on behalf of the „Geno Rheinland Real Estate (GRRE)“ fund. The seller of the property, Swiss Life Asset Managers (SL AM Development Residential GmbH), developed the DGNB Gold-certified building on Václav-Havel-Platz.

Germany - Münchener Hypothekenbank achieved a good result in the 2023 financial year despite the tense market situation. Net profit for the year rose to € 102.1 million (2022: € 68.3 million), while net interest income increased to € 518.5 million (2022: € 442.5 million).