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Germany - The Frankfurt market for office space including Eschborn and Offenbach-Kaiserlei has made a somewhat stronger start to 2024 compared to 2023, with tenants and owner-occupiers generating take-up of 93,100 sqm in the period from January to March. According to NAI apollo the figure is 12.4 % higher compared to the previous year,...
The Netherlands - Garbe Industrial Real Estate the Netherlands has appointed Paul Twigt as the Head of Real Estate Management. In this role, he will oversee all asset and property management activities for Garbe's Dutch logistics portfolio, reporting directly to Managing Director Maurits Smit.
Global News - CBRE Investment Management has secured a new finance facility for its indirect secondaries strategy, to be delivered by RBS International (“RBSI”), part of the NatWest Group.
UK - Sovereign Centros from CBRE has announced a trio of retail additions set to join Metrocentre‘s Green Mall, leading with specialist kitchenware brand, ProCook. The destination is also seeing footwear retailer, Clarks, and lingerie brand, Victoria's Secret, both relocating from the Lower Red Mall, showcasing the strength and ap...
Poland - Cushman & Wakefield has summarised the situation on the Polish retail market. The opening of 2024 is encouraging and new retail space supply in the coming months is likely to match or even surpass last year’s total. The Polish market continues to attract interest from new brands, borne out by several debuts. More arrivals are...
The Netherlands - Care Property Invest has completed two development projects, accounting for a total investment value of €12.8 million and an additional capacity of 28 residential units.
Switzerland - A joint partnership among Trinity Investments, funds managed by Oaktree Capital Management and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business has acquired Park Hyatt Zurich, a 138-key luxury hotel with ancillary office and parking elements. The joint partnership purchased the hot...
Ireland - M7 Real Estate has signed a new 15-year lease with Sixt Car Rentals for c. 17,000 sq ft of newly refurbished space at B2 Airport Business Park in Santry, North Dublin. The car rental company, which is popular with tourists, adds to M7's list of occupiers within its growing Irish portfolio following a competitive bidding process.
Slovakia - Colliers is announcing that Tewfik Sabongui, current Managing Partner in the Czech Republic, will expand his responsibilities to include being Managing Director of Slovakia. Richard Urvay, Colliers’ current Managing Director in Slovakia will depart the business by the end of April to take up a client-side role.
Sweden - Fredensborg has launched a new fund manager in the residential sector. The manager builds on the experience of its sponsor Fredensborg and its affiliate Heimstaden. The fund manager is targeting capital raising totalling €1.6 billion for its first two funds.
UK - Hilton has acquired a majority controlling interest in Sydell Group to expand the NoMad Hotels brand from its existing London flagship location to high-end markets around the world. Following the acquisition, NoMad will become Hilton's first luxury lifestyle brand and the group is in advanced discussions to open 10 new NoMad ...
Italy - According to several media reports, the five-star, 210-room Bauer Hotel in Venice has been acquired by global investment firm King Street Capital Management, one of Signa‘s sponsors. The hotel will be operated by Rosewood Hotels & Resorts. The hotel chain and Signa have signed a management contract for the new landmark in 202...
Romania - Colosseum Mall and the Polish group LPP are expanding their partnership with the opening of two new stores in the shopping centre, under the signatures of the international brands Cropp and House.
Germany - GLP has acquired a c.116,000 sqm warehouse in Philippsburg, in the Karlsruhe metropolitan area. The site is centrally located in the Rhine-Neckar region between Frankfurt and Stuttgart, two of the most economically dynamic business centres in Germany. The region's thriving chemical, pharmaceutical and automotive industries, u...
Germany - Despite ongoing sluggish economic activity, the German office markets recorded 609,000 sqm in take-up in Q1 2024, almost matching previous-year results. As expected, however, take-up in Germany's 8 top cities of Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich remained well below the 10-year average ...
UK - Red Construction Group is celebrating a major milestone in the creation of the £22m voco Zeal Exeter Science Park, one of the UK's first full life cycle net zero carbon hotels. Being delivered by Red Construction's South West team, it is being constructed with half the embodied carbon of a standard hotel, while generating 100...
Germany - NAS Invest has now officially confirmed the purchase of the Hamburg Stadtparkturm, which was made known in February. The office tower on Hindenburgstrasse, which was built in 2001, was previously part of the portfolio of French asset manager Amundi. According to NAS, the deal was closed at the end of last month. According to ...