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» Chronological View: " Central Europe " «

Peach Property records profit

According to the final figures for the financial year 2016, Peach Property Group has gained a rise in profit after tax of CHF 10,4 million, following only CHF 1,2 million in the year before. Also for 2017, the company plans to stay on the growth path.
Donnerstag, 23. März 2017

Despite the strike, growth continues at Berlin's airports

In the first two months of 2017, over 4.5 million passengers flew from Schönefeld and Tegel. That is 8% more than in the same period in 2016. At Schönefeld Airport the number of passengers grew by as much as 16.1% compared to the previous year. The current traffic report contains the figures for passengers, flights and air ca...
Donnerstag, 23. März 2017

Round Hill Capital acquires residential portfolio with 114 units in Hamburg

Round Hill Capital announces that funds advised by Round Hill have completed the acquisition of a residential portfolio with 114 units in Hamburg. This is the first transaction focused on the acquisition of residential portfolios in 15 leading greater metropolitan areas in Germany, which exhibit strong macro fundamentals, fav...
Donnerstag, 23. März 2017

CLS Holdings disposes of the E.ON Allee office campus in Landshut

CLS Holdings has exchanged contracts to sell the E.ON Allee office campus in Landshut, 80km north east of Munich, for €30.2 million to European Commercial Real Estate Limited. The sale represents an uplift of €1.5 million, or 5.2%, over the external valuation at 31 December 2016. The campus comprises four office properties, p...
Donnerstag, 23. März 2017

22 new brands entered the Czech market in 2016

According to the results of a survey conducted by CBRE interest in the Czech Republic has remained a key destination for the entry of new brands into the market of Central and Eastern Europe. 22 brands expanded to the Czech market in 2016, while none of the active brands closed shop. The Mothercare and Harmont & Blaine shops ...
Donnerstag, 23. März 2017

CLS Holdings acquires Network Perlach property in Munich

CLS Holdings has exchanged contracts to acquire a multi-let office property in Perlach, in the south-east of Munich for €15.3 million. Network Perlach, Unterhachinger Strasse 75, Munich, comprises 9,449 sqm (101,708 sq ft) of office space which, with an occupancy rate of 88%, currently generates a rental income of €821,000 pe...
Donnerstag, 23. März 2017

Capital Bay reaches a transaction volume of €1.4 billion in 2016

Capital Bay is looking back at the first financial year. Established by George Salden with four employees at the end of March 2016, the full-service investment company achieved a transaction volume of approximately €1.4 billion last year. The biggest deals included the purchase of 862 apartments in Merseburg, 577 residential ...
Donnerstag, 23. März 2017

Deutsche Hypo with significant rise in new Business

Accounting for 62.4 % of new business volume (2015: 60.1 %), new business continued to be focused in Germany. Domestic commitment volume amounted to €2,832 million (2015: €2,449 million). The lion's share of new business outside of Germany was registered in UK with €749 million (2015: €730 million), followed by the Benelux re...
Donnerstag, 23. März 2017

Tishman Speyer welcomes WeWork and Juwelier Friedrich to Junghof

Tishman Speyer announced two significant leasing agreements for the centrally-located Junghof on Neue Rothofstrasse in Frankfurt am Main. Situated in the heart of Frankfurt’s financial district, the iconic 257,257-square-foot eight-story office was designed by Schneider+Schumacher. Bounded by Junghofstrasse, Neue Mainzer Stra...
Donnerstag, 23. März 2017

AXA IM - Real Assets completes acquisition of Abba Hotel in Berlin

AXA Investment Managers - Real Assets has completed the acquisition, on behalf of one of its clients, of the Abba Hotel in Berlin. The transaction has been structured as a sale and leaseback agreement with Abba Hotels, a Spanish-headquartered owner, operator and developer of hotels, who has committed to continue running the a...
Mittwoch, 22. März 2017
Skanska sells office building in Poznan for €62 million

Skanska sells office building in Poznan for €62 million

Skanska has sold Maraton, an office building in Poznan, to a real estate fund managed by Union Investment. The value of the transaction is €62 million. The transaction will be recorded by Skanska Commercial Development Europe in the first quarter of 2017, with the transfer of the property scheduled for the second quarter of 2...
Mittwoch, 22. März 2017

Deutsche Wohnen increases dividend by 37 %

For 2016, the second largest housing company in Germany, Deutsche Wohnen AG, has achieved a good financial result. Due to the positive market development, the portfolio has been increased by € 2.7 million. The operative result FFO increased by 26 % to a total of € 384 million. For the current year, another plus of around 10 %...
Mittwoch, 22. März 2017

WCM increases result significantly

SDAX listed WCM Beteiligungs- und Grundbesitz-AG publishes its preliminary year-end results for 2016 and according to this achieved an operating result FFO of € 18.0 million, thus confirming its guidance and more than doubling the previous year’s result. As a result WCM is optimistic for 2017 and expects another increase of f...
Mittwoch, 22. März 2017

M7 agrees over 22,500 sq m of lettings for Vector Parks

M7 Real Estate, following a proactive asset management programme, has agreed over 22,500 sq m of lettings since the CEE portfolio was acquired in June 2016 on behalf of Vector Parks. Vector Parks is the investment vehicle advised and managed by Macquarie Infrastructure and Real Assets (MIRA) for which M7 acts as asset manager.
Dienstag, 21. März 2017

Azure Hotels to sell Radisson Blu Hotel Hamburg to Wenaasgruppen

The European hotel investor and operator Azure Hotels has entered in to an agreement to sell the Radisson Blu Hotel in Hamburg to Wenaasgruppen, a family owned Norwegian company with investments in hotel properties. In Germany the company already has four hotels with a total of 1,522 rooms. The hotels are located in Berlin, F...
Montag, 20. März 2017