Belarus

Befimmo has reached an agreement, subject to a condition precedent, on the granting of a 99-year leasehold on the Blue Tower for a total amount of about €112 million.

Colliers International is proud to announce the decision of LPP Group to enter the Republic of Belarus and launch its flagship brand Reserved. The flagship store of the Reserved brand occupying more than 2,000 sqm will be located in the Galleria Minsk Mall. Colliers International is a project consultant for Galleria Minsk. Th...

Marriott International opens its second hotel in Belarus with the addition of Minsk Marriott Hotel, the capital’s first 5-star internationally rated hotel, which is now open for business. The Minsk Marriott Hotel sits within a new compound located on the Svisloch riverside.

Vienna International Hotelmanagement AG (VI) will act as management partner for the 5-star Marriott Hotel Minsk. The opening of the high-end property is planned for the beginning of 2015.

Direct commercial real estate investment volumes in Europe in the first quarter 2011 (Q1 2011) totalled €26 billion, a 32 percent increase on figures for Q1 2010, according to new research from Jones Lang LaSalle. Successful debt and equity issuance has provided liquidity to the market, which in turn drove cross-border inves...

The first quarter (Q1) of 2011 saw European commercial real estate transactions hit €26.7 billion as the investment market builds further momentum, according to the latest data by CB Richard Ellis (CBRE).

The Dublin office of CB Richard Ellis Group has announced the winner of its annual Urban Photographer of the Year competition. CBRE also announces the Ireland country winner for the entry ‘Waiting at the Stop’.

European GDP growth coupled with consumer and industrial production has created a platform for a steady but sustainable recovery in the European logistics market according to a new report ‘Property Times - European Logistics’ released today by DTZ. An uplift in consumer spending particularly in less indebted countries is boo...

The Board of Directors of The Rezidor Hotel Group has decided to extend Kurt Ritter’s employment agreement past its current expiration date of February 2012 for a period of three years. The terms of his employment agreement remain otherwise materially unchanged.

Central and Eastern European commercial property market performance returned to positive territory in 2010, delivering a 3.1% euro-denominated total return, according to the IPD CEE Annual Property Index. This was a strong improvement on 2009’s -6.5% return.

The United Kingdom (UK) is the world’s most international retail market for the fourth year running, while London holds onto its position as the most popular retail city in the world, according to the 2011 edition of How Global is the Business of Retail? by CB Richard Ellis.

The real estate investment market is on the rise in the CEE region. Hungary follows the positive regional trend with a small lag. In Budapest new office developments remain at a low level for the time being, however, tenant demand is on the rise and new companies have appeared on the market that are actively seeking new offic...

Preliminary figures released today by Jones Lang LaSalle’s Capital Markets Research reveals that global direct commercial real estate investment volumes totalled just under US$90 billion in the first quarter of 2011. This figure is down 20% from the previous quarter but up nearly 38% from Q1 2010, indicating the continued app...

The 2011 International Council of Shopping Centers (ICSC) European Solal Marketing Awards winners have been announced. The awards celebrate the best of retail marketing, rewarding the most effective campaigns. An incredible 177 entries were received from shopping centres in 22 countries. Six Gold Awards and 21 Silver Awards w...

Wolfgang M. Neumann (49) is Rezidor’s new Executive Vice President & Chief Operating Officer, effective May 9, 2011. He succeeds Jacques Dubois who leaves the company for personal reasons.

As widely expected, the European Central Bank (ECB) raised the main refinancing (refi) rate by 25 bps to 1.25 percent. They also lifted other key rates by 25 bps, leaving the interest rate "corridor" unchanged. This is the first change of official rates in the Euro area since May 2009. Grant Fitzner, Head of EMEA Research a...

EC Harris has won a three-year contract with Infiniti Europe, the luxury automotive brand from Japan, to be the lead consultant on its 2011-2014 network development plan. The plan will initially see Infiniti expand its footprint to an anticipated total of 59 showrooms across Europe by the end of this financial year.

Nearly two-thirds (64 percent) of the participants in a comprehensive global survey of senior level corporate real estate and workplace executives reported that they received an increase in their base salary last year, according to CoreNet Global, the leading professional association for corporate real estate, which administe...