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» Chronological View: " Economy & Financial " «

Lynne Fennah to join Empiric as Chief Financial Officer

Empiric Student Property plc appoints Lynne Fennah as Chief Financial Offer with effect from 26 June 2017. She is a Chartered Accountant (having trained at Moore Stephens) with over 30 years' experience, including in the real estate and hospitality sectors.  Most recently, she has been Chief Financial Officer of Palmer Capi...
Monday, 24. April 2017

DekaBank provides financing for an office asset in Munich

DekaBank has arranged an acquisition loan to Next Estate Income Fund II (NEIF II) in order to purchase an office building in Munich. The fund is managed by BNP Paribas REIM. The office building, which is known as the H20 (Moosacher Strasse 84-88), is located in the Moosach area. It comprises a newly-built office building exte...
Monday, 24. April 2017
Kenneth Rouse appointed as Deputy Managing Director of BNP Paribas Real Estate

Kenneth Rouse appointed as Deputy Managing Director of BNP Paribas Real Estate

BNP Paribas Real Estate to announce the appointment of Kenneth Rouse as Deputy Managing Director, effective 1st of July 2017. He is currently Head of Investment and Finance with responsibility for the capital markets business line in Ireland where he has led a number of high profile transactions.  Within this role, he has wor...
Friday, 21. April 2017

IDI Gazeley appoints Graeme Munro as UK Construction Director

IDI Gazeley has appointed Graeme Munro as Construction Director for the UK. He will start in the role in June 2017. The appointment of Munro further strengthens IDI Gazeley’s ability to deliver best-in-class customer service to retail, manufacturing, logistics and distribution customers across the UK. Munro will be responsibl...
Friday, 21. April 2017

Hammerson signs €430.3 million Revolving Credit Facility with a 5 year maturity

Hammerson announces the syndication and signing of a €430.3 million (£360 million) unsecured Revolving Credit Facility (RCF) at an initial margin of 90 basis points with a syndicate of fourteen international banks. The facility has a maturity of five years which may be extended to a maximum of seven years.
Friday, 21. April 2017

Marylebone outperforms Prime Central London in annual figures

Marylebone is the top performing area of Prime Central London (PCL) over the past twelve months, according to data by Knight Frank. Marylebone has seen a 0.7% rise in prime residential prices over the last 12 months (March to March), with this uplift outperforming the rest of PCL, which averaged -6.4%.
Friday, 21. April 2017

London's West End divides in two

Aston Chase reveal that since the start of January 2017 there has been a 75% increase in enquiries and a 50% increase in sales across London's 'Upper West End' from a combination of Dollar based purchasers and UK domestic purchasers, all buying for owner occupation. In the last three years London's ultra prime West End region...
Friday, 21. April 2017

Continental Europe market offers strong returns

The latest Continental Europe market Outlook published by M&G Real Estate expects strong returns into 2017. Despite elections in the Netherlands and France in the first half of the year, the Outlook notes that consensus forecasts for Eurozone GDP suggest only a modest slowdown to 1.6% in 2017 (down from 1.7% in 2016).
Friday, 21. April 2017
Yields under pressure as investors continue to chase commercial property

Yields under pressure as investors continue to chase commercial property

The weight of money looking to invest in commercial property is driving down yields, according to Birmingham-based specialist real estate asset management company, Blue Marble Asset Management which says that the investment market has improved in the past three months. In the Spring 2017 Edition of the Blue Marble Barometer, ...
Friday, 21. April 2017

Apleona bundles consulting and management services for real-estate projects

Apleona is bundling its portfolio of technical consulting services for real-estate properties and real-estate projects in Germany and Austria. To this end, Apleona Bauperformance, formerly Bilfinger Bauperformance, and the building advisory and project management unit from Apleona GVA were merged with effect from March 1, 201...
Friday, 21. April 2017
JLL appoints Joacim Sjöberg as head of capital markets in the Nordics

JLL appoints Joacim Sjöberg as head of capital markets in the Nordics

JLL has strengthened its capital markets offering in the Nordics with the strategic appointment of Joacim Sjöberg as head of capital markets for the Nordic region. Effective 1 June 2017 and based in Sweden, Sjöberg will focus on developing the large real estate portfolio and structured transactions businesses, as well as stre...
Friday, 21. April 2017
CBRE appoints Peter Victor as Head ofits Tenant Representation and Acquisition services

CBRE appoints Peter Victor as Head ofits Tenant Representation and Acquisition services

CBRE has hired international office market expert Peter Victor, to lead its Tenant Representation and Acquisition services for occupier clients across the EMEA region. Peter Victor is joining CBRE from Cushman & Wakefield in London where for the past 10 years he led the group’s EMEA cross-border Tenant Rep and Agency Leasing ...
Friday, 21. April 2017

Investec provides Ballymore Group with €21.5 million investment financing

Investec Structured Property Finance has agreed to provide an €21.5 million (£18 million) loan to Ballymore Group. The loan will be used inter alia to enhance existing income at two light industrial sites in Silvertown, in the East London Borough of Newham, whilst Ballymore seeks to secure residential-led planning consent at ...
Thursday, 20. April 2017

A long-term view on global real estate markets favours investing in Europe

Patrizia Immobilien AG has launched its 2017 edition of ‘Patrizia Insight’, the annual research report on European commercial property markets, revealing the importance of a long-term investment strategy in maintaining resilience against political and macroeconomic uncertainty. This means keeping a long-term focus on market f...
Thursday, 20. April 2017

Rising construction costs and lack of skilled labour force make recovery difficult

The current forecast for total construction volumes shows increases of 8% and 12% for 2017 and 2018, respectively. The barriers for the realization of the developments are the rise of construction costs and the lack of skilled labour force. CBRE expects that these issues raise risks of delivery delays and decrease of develope...
Thursday, 20. April 2017

Law firms must adapt and change or they will fail

The legal industry is being transformed by new technologies, disruptive market entrants, new working practices and shifting client demands, with the law firm of the future needing to be more innovative, nimble, lean and digital, according to the latest research from Knight Frank. Knight Frank’s Your Future, Now report explore...
Thursday, 20. April 2017

Occupiers looking for efficiency gains and refine workplace strategies

Occupiers’ real estate priorities are increasingly focussed on introducing efficiency gains and enhancing workplace strategies in a quest to make space work smarter, according to the 2017 CBRE European Occupier Survey. Greater use of technology is seen as key enabler of these objectives.
Thursday, 20. April 2017

Sponda works on sustainability in 2016

Sponda's sustainability and responsibility work continued in 2016. In 2016, Sponda increased the number of properties with environmental certification as up to seven properties achieved or renewed their international LEED or BREEAM certifications. The certified properties represent 25 per cent of the total leasable space of S...
Thursday, 20. April 2017