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Office

European real estate investment acutely impacted by geopolitical crisis

Heightened geopolitical risk, persistent high inflation, and a possible recession will place European real estate under acute pressure in H2 2022. However, the asset class is expected to continue to provide longer-term stability for core investors via carefully curated portfolios, as well as offering new opportunity for inves...
Friday, 5. August 2022

Warsaw sees strong occupier activity amid falling vacancy rates

At the end of June 2022, Warsaw’s total office stock amounted to approximately 6.27 million sq m. Occupier activity accelerated while the vacancy rate continued its downward trend – these are some of the key findings of the MarketBeat H1 2022 report prepared by Cushman & Wakefield.
Thursday, 4. August 2022

CLS sells three properties for £39.8 million

CLS has completed the sale of two UK properties, Great West House, Brentford and 62 London Road, Staines and one French property, 96 Rue Nationale, Lille for a total of £39.8 million. The three properties sold for an average 3.7% above the 31 December 2021 valuations.
Thursday, 4. August 2022

Hagag receives building permit for Știrbei Palace

Hagag Development Europe received the building permit for the consolidation and renovation works on Știrbei Palace, its property located on 107 Calea Victoriei. The company has initiated the tender process for the selection of the general contractor and is making all the necessary arrangements to soon start construction works...
Thursday, 4. August 2022

Socius and Railpen t£165 million Devonshire Gardens in Cambridge

Cambridge City Council has resolved to grant planning consent for Devonshire Gardens, a new sustainable neighbourhood in the heart of Cambridge to be delivered by mixed-use developer Socius and Railpen, the investment manager for the £37 billion railways pension schemes.
Thursday, 4. August 2022

W.Re invests £52m in GDV office development in SW London

W.RE in partnership with US private equity firm Taurus Investment Holdings (Taurus), has acquired 22,240 sq ft Alexander House at 14-16 Peterborough Road, Parsons Green. The acquisition marks W.RE’s first investment with Taurus and Taurus’ recommitment to the UK, following the launch of its new subsidiary, Taurus RE Investmen...
Thursday, 4. August 2022

Aareal arranges USD 370m Green Loan for Manhattan office building

Aareal Capital Corporation, a wholly owned subsidiary of Aareal Bank, announced on August 1, 2022 the closing of a financing agreement with SL Green Realty Corp., a fully integrated real estate investment trust (REIT) and Manhattan's largest office landlord.
Thursday, 4. August 2022

Union Investment acquires premium office tower Eclipse in Düsseldorf

Union Investment has acquired the Eclipse office tower on Kennedydamm in Düsseldorf. The landmark building enjoys a highly visible location and is close to completion. The acquisition will be added to the holdings of open-ended real estate fund Unilmmo: Deutschland. The seller is a joint venture between die developer Projekte...
Tuesday, 2. August 2022

Paris, Madrid and Cologne lead 'return to the office' in Europe

According to Savills latest research, Paris CBD (54%), Madrid (52%) and Cologne (47%) had the highest office occupancy rates in Europe in June 2022. Europe’s average office occupancy rate during the month was 43%, the highest level since February 2020. The international real estate advisor says that occupancy was between 70-7...
Tuesday, 2. August 2022

Icade signs new lease of 5,000 sq m in Fresk

On July 27, 2022, Icade and Agence du Numérique en Santé (ANS) signed a new 7-year lease with no break option for around 5,000 sq.m in Fresk. This transaction follows on from a lease signed with PariSanté Campus in 2021 for around 14,000 sq.m in the same building and brings its occupancy rate to 92%. Ongoing discussions with ...
Monday, 1. August 2022