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The German transaction market for residential portfolios showed no signs of a turnaround at the beginning of the year. According to an analysis by NAI apollo, partner of NAI Partners Germany, the total transaction volume in the last three months amounted to € 790 million, which is the lowest result in the last 14 years. Compa...
The new building in Garching - on the outskirts of Munich - is finished and the move has begun: Yesterday, the company celebrated the opening of its new Siemens Technology Centre, in which more than €100 million have been invested.
Garbe Industrial has acquired another plot of land in Rüdenhausen, near Würzburg, from the Beuerlein Group. The Hamburg-based project developer is planning a logistics centre with a total area of around 19,200 m² on the approximately 42,500 m² site. The investment volume amounts to around €27m.
Publity AG has sold its next office property: Frankfurt's Access Tower is changing hands. The parties have agreed not to disclose the buyer or the purchase price. The asset manager had acquired the office tower in 2019 .
Garbe strengthens its team. Tomáš Hanuš joins the company as Property Manager, bringing with him 25 years of experience in technical operations and property management not only in the Czech Republic but also in Slovakia.
Shortly after its major portfolio deal with Blackstone, Clarion Partners is once again investing in Germany: Panattoni Park Voerde is joining the investment manager's portfolio for around €75 million. The logistics park, consisting of two buildings with more than 66,000 sqm of usable space, will be completed in 2023 and is fu...
The Frankfurt market for office space including Eschborn and Offenbach-Kaiserlei has made a somewhat stronger start to 2024 compared to 2023, with tenants and owner-occupiers generating take-up of 93,100 sqm in the period from January to March. According to NAI apollo the figure is 12.4 % higher compared to the previous year,...
Cushman & Wakefield has summarised the situation on the Polish retail market. The opening of 2024 is encouraging and new retail space supply in the coming months is likely to match or even surpass last year’s total. The Polish market continues to attract interest from new brands, borne out by several debuts. More arrivals are...
A joint partnership among Trinity Investments, funds managed by Oaktree Capital Management and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business has acquired Park Hyatt Zurich, a 138-key luxury hotel with ancillary office and parking elements. The joint partnership purchased the hot...
Colliers is announcing that Tewfik Sabongui, current Managing Partner in the Czech Republic, will expand his responsibilities to include being Managing Director of Slovakia. Richard Urvay, Colliers’ current Managing Director in Slovakia will depart the business by the end of April to take up a client-side role.
GLP has acquired a c.116,000 sqm warehouse in Philippsburg, in the Karlsruhe metropolitan area. The site is centrally located in the Rhine-Neckar region between Frankfurt and Stuttgart, two of the most economically dynamic business centres in Germany. The region's thriving chemical, pharmaceutical and automotive industries, u...
Despite ongoing sluggish economic activity, the German office markets recorded 609,000 sqm in take-up in Q1 2024, almost matching previous-year results. As expected, however, take-up in Germany's 8 top cities of Berlin, Düsseldorf, Essen, Frankfurt, Hamburg, Cologne, Leipzig and Munich remained well below the 10-year average ...
NAS Invest has now officially confirmed the purchase of the Hamburg Stadtparkturm, which was made known in February. The office tower on Hindenburgstrasse, which was built in 2001, was previously part of the portfolio of French asset manager Amundi. According to NAS, the deal was closed at the end of last month. According to ...
Inflation, rising construction costs and high interest rates dashed many a dream of home ownership in 2023. As a result, purchase prices have fallen, slightly in the case of condominiums and more sharply in the case of apartment buildings. Meanwhile, pressure on the rental housing market continues to increase. As a result, re...
Trei Real Estate obtained a further loan facility. The 35.5 million euros in loan funds made available by Postbank are split into two tranches: 15.6 million euros have a maturity of five years, while the remaining 19.9 million euros will have to be repaid after ten years. The loan takes the form of a classic real estate finan...
IHG Hotels & Resorts (IHG) and Novum Hospitality recently entered into a major partnership that will see IHG double its presence in Germany, expanding its offering to more than 200 hotels in nearly 100 cities.
Panattoni has finished the last stage of Panattoni Park Sulechów III. The centre has been developed for BestSecret, a leading European members-only online destination for premium and luxury off-price fashion. The building has a total area of 136,000 sqm, which makes it one of the largest logistics centres in the region.