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» Chronological View: " Office " «

Globalworth buys Warsaw's Spektrum Tower for €101 million from Europa Capital

Spektrum Tower has been sold by Europa Capital to Globalworth for around €101 million. Being an A-class office tower located in Warsaw's Central Business District at 18 Twarda street, the building offers approximately 29,500 square metres of GLA and is over 90% let. The occupiers include international firms such as Ecovadis,...
Wednesday, 18. July 2018

Deka sells Duisburg ICC Business Center to Credit Suisse

Deka Immobilien GmbH has sold the ICC Business Center office property, located at Friedrich-Wilhelm-Strasse 12 in Duisburgs city center, to an investment vehicle of Credit Suisse. The property was part of the real estate assets of a special fund. Deka had acquired the office property, located in the Dellviertel, at the end of...
Wednesday, 18. July 2018

M7 Real Estate lets 12,650 square metres of warehouse and office space in Kleve

M7 Real Estate has, on behalf of the M7 European Real Estate Investment Partners IV (M7 EREIP IV) fund, let around 12,650 square metres of space at Wilhelm-Sinsteden-Strasse 5-7 in Kleve, North Rhine-Westphalia. This comprises approximately 10,500 square metres of warehouse space and 2,150 square metres of offices. Built in 2...
Wednesday, 18. July 2018

Rental growth prospects drive office and industrial investment in 2018

Total investment volumes in Poland in in the first half of 2018 surpassed €3 billion reaching €3,246 million, up 113% year-on-year, according to the latest analysis by Cushman & Wakefield. In the first half of 2018, the retail sector remained the largest with a 59% share at €1,902 million, more than double the H1 2017 figure...
Tuesday, 17. July 2018

JLL is the latest tenant of the ArtGen building in Prague 7

JLL's Office Agency, in cooperation with PPF, leased the last free office spaces in the ArtGen building in Prague's Holešovice. The impressive ArtGen office building on the left bank of the Vltava River offers 23,000 sqm of office space and 2500 sqm of commercial space. The ten-storey Art Building with the neighboring seven-s...
Tuesday, 17. July 2018

Racz moves headquarters to Northumberland Estates' Wynyard Business Park

Racz Group Limited has selected Wynyard Business Park as the location for its new headquarters, signing a two year lease agreement with Northumberland Estates for the 3,370 sq ft of office space in Unit 10 Evolution at Wynyard Business Park, Stockton-on-Tees. Knight Frank acted on behalf of Northumberland Estates. Wynyard Bus...
Tuesday, 17. July 2018

Freo acquires site for office development near Munich

The Freo Group has acquired a ca. 60,000 square metre site, at Landshuter Strasse 28 in Unterschleissheim, for commercial development. The vendor is Office Plaza Unterschleissheim GbR. The parties agreed not to disclose the purchase price. The notarised agreement for the project planned for the site, „Koryféum“, was signed at...
Tuesday, 17. July 2018

BNP Paribas REIM acquires an office complex in the CBD of Milan for about €50m

BNP Paribas REIM has acquired the “Via Agnello” state-of-the-art office complex in Milan. The asset, fully let to a law-firm, is located in the CBD of Milan and features almost 4,400 sq.m of total office area, offering a flexible and high-quality working environment to its tenant. Built in the 1940s, the asset has undergone m...
Tuesday, 17. July 2018

P3 move into new headquarters at Charles de Gaulle Plaza in Bucharest

P3 relocated its headquarters to an office building on Charles de Gaulle Plaza in Bucharest, which is owned by GLL Real Estate Partners. P3 leases an area of 230 sq metres of office space on the top floor of Charles de Gaulle Plaza building, located in the immediate vicinity of Aviatorilor Metro Station and Herastrau Park. P3...
Tuesday, 17. July 2018

Legal & General buys Sheffield's Steel Vulcan House from Trinova for £50 million

LGIM Real Assets has acquired Steel Vulcan House on behalf of its Annuity Fund for c. £50 million (c. €56.59 million) from Trinova Real Estate. The 120,000 sq ft office building in the centre of Sheffield is entirely let to a government department and will be refurbished.
Tuesday, 17. July 2018

Wates Construction is new tenant at Thorpe Park Leeds

Scarborough International Properties and Legal & General have let the whole of the first floor at Paradigm, Thorpe Park Leeds to Wates Construction. Wates has taken a 10-year lease to occupy 10,275 sq ft of space and will move in later this year following some fit-out works. Paradigm in Leeds offers 31,650 sq ft of office spa...
Tuesday, 17. July 2018

Addington Capital purchases Bonsai Portfolio worth £45 million

Addington Capital has bought the “Bonsai” portfolio for £45 million (c. €50.93 million) with debt and equity funding provided by ICG-Longbow. The mixed use portfolio has been acquired from the EPISO3 fund. The portfolio consists of 120,000 sq ft of office and residential property at Headingley, Leeds; 50,000 sq ft of retail a...
Tuesday, 17. July 2018

Heijmans to construct two new-build projects on Oostenburg Island

Heijmans will be transforming the former industrial park on the Oostenburg Island in Amsterdam on two adjacent plots, constructing both a residential complex with homes for private sale and social rental housing for the housing association Stadgenoot, as well as a new hotel for Inntel Hotels. The estimated value of these cont...
Tuesday, 17. July 2018

Cofinimmo acquires MC Oisterwijk for €3 million

Cofinimmo has acquired MC Oisterwijk, a medical office building located in Oisterwijk near Tilburg for €3 million. The group owns already two other assets on the same site, i.e. the ‘De Voorste Stroom’ and ‘Oisterwijk Kliniek’ medical office buildings. By acquiring this third asset, Cofinimmo will make the site more attractiv...
Tuesday, 17. July 2018

NAS Invest and BlueRock buy German SME properties for a total €30 million

In June, NAS Invest and BlueRock further accelerated their BR-NAS German Mittelstand Properties strategy with the acquisition of two office buildings. The joint venture partners bought an office property with substantial upside and repositioning potential in the vicinity of Düsseldorf and a core-plus property with long-term l...
Tuesday, 17. July 2018

J&T Real Estate forms JV to acquire South Bank site

J&T Real Estate has entered the London property market, acquiring a property in the South Bank from DV4, Delancey’s client fund. At the building, J&T plans to build flats, offices, shops and a cultural space worth £400mn (c. €452.7m). The property is located at 185 Park Street near to the Millennium Bridge and Tate Modern. Fo...
Monday, 16. July 2018

Hamborner REIT lets final vacancies in Kiel office property

Hamborner REIT AG has secured a long-term lease for the remaining vacancies in its Kiel office property. The newly built property in Kiel's Kaistrasse 90 with a total area of around 6,700 m² was added to Hamborner's portfolio immediately after it was completed in November 2017. The space of approximately 2,000 m² still vacant...
Monday, 16. July 2018

Planning permission granted for renovation of Seaforth Land's Spitalfields House

Seaforth Land has been granted planning permission for the refurbishment of its Spitalfields House asset into a mixed-use building. Situated at 110-114 Middlesex Street and 1-11 Widegate Street and bought by Seaforth Land in 2017, the renovation will see the 47,555 sq ft building converted to create new retail, receptions and...
Monday, 16. July 2018