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German office market sees prime rents still rising

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 ...
Wednesday, 17. April 2024

Red Construction and Zeal celebrate topping out in Exeter

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...
Wednesday, 17. April 2024

NAS Invest buys Hamburg „Stadtparkturm“ from Amundi

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 ...
Wednesday, 17. April 2024

Berlin residential institutional transaction market collapses

Germany - Inflation, rising construction costs and high interest rates dashed many a dream of home ownership in 2023. As a result, purchase prices have fallen, slightly in the case of condominiums and more sharply in the case of apartment buildings. Meanwhile, pressure on the rental housing market continues to increase. As a result, re...
Wednesday, 17. April 2024

Trei obtains loan facility of €35.5 mln.

Germany - Trei Real Estate obtained a further loan facility. The 35.5 million euros in loan funds made available by Postbank are split into two tranches: 15.6 million euros have a maturity of five years, while the remaining 19.9 million euros will have to be repaid after ten years. The loan takes the form of a classic real estate finan...
Wednesday, 17. April 2024

Wihlborgs lets 4,800 m² at Ideon in Lund

Sweden - Wihlborgs has signed leases with two companies for a total of 3,800 square metres at Cube (Nya Vattentornet 4) on Mobilvägen in Lund. A public sector tenant will move in to 1,000 square metres in the neighbouring property Bricks (Nya Vattentornet 3).
Wednesday, 17. April 2024

Orion Capital Managers hires new Investor Relations Director

UK - Orion Capital Managers has announced the hire of Andrea Goss as Director of its Investor Relations team. Goss will cover servicing the firm's existing client base, assist in the fundraising for Orion's sixth pan-European fund, as well as executing co-investment and other initiatives.
Wednesday, 17. April 2024

Panattoni completes BestSecret logistics unit

Poland - Panattoni has finished the last stage of Panattoni Park Sulechów III. The centre has been developed for BestSecret, a leading European members-only online destination for premium and luxury off-price fashion. The building has a total area of 136,000 sqm, which makes it one of the largest logistics centres in the region.
Wednesday, 17. April 2024

Amro, IPIM and Heed secure planning consent for Valencia project

Spain - A partnership comprising Amro Partners, IP Investment Management ('IPIM') and Heed Capital ('Heed') has secured planning approval for Amro Valencia Puerto, Amro's second PBSA asset in the city and IPIM & Heed's maiden investment in Valencia. Planning consent was secured within a 12-month timeframe, a local record, with constr...
Wednesday, 17. April 2024

CTP leases 22,500 sqm to Quanta Computer in Germany

Germany - CTP has signed a deal with Quanta Computer Inc., a leading Taiwanese company that manufactures computers and electronic hardware, for a high-tech pioneering 22,500 sqm production facility at CTPark Jülich in the Brainergy Park Jülich in northwest Germany. Quanta is further expanding its global footprint in producing state-of-...
Tuesday, 16. April 2024

Swiss Life AM completes logistics project „Zwickau North“

Germany - Nine months after the start of shell construction, Swiss Life Asset Managers has completed the development of the „Zwickau North“ logistics centre, which covers an area of more than 22,500 square metres. The ultra-modern and sustainable new building is ready for occupancy and available immediately.
Tuesday, 16. April 2024

Margaret Dabbs selects King's Road for new clinic

UK - Margaret Dabbs London has selected King's Road to open its newest clinic in London, marking its seventh in the capital and 14th internationally. It is set to open a 824 sq ft unit at 325 King's Road, a prominent corner unit in the heart of Chelsea.
Tuesday, 16. April 2024