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IC Immobilien Gruppe was awarded a further property management mandate at the beginning of the year, and for the first time ever it is now working together with KanAm Grund. The property in question is „Ludwig“ with a total of approx. 31,000 square metres of commercial space in the heart of Munich.
Panattoni has finished the construction of a logistics centre for Hermes Fulfilment. This is the first project that has been built for the company in Poland and is also the largest centre of its type in the Hermes Group portfolio.
Aareal Bank CEO Jochen Klösges will leave the real estate lender. The Supervisory Board and Klösges have „mutually agreed“ that the Group should „enter the next phase of its development under new leadership“ following the completion of the full takeover by Atlantic BidCo, the company said in a statement today. His successor w...
Montano Real Estate has acquired another office and retail building for a German professional pension fund. The asset was acquired from Ofi Invest Real Estate, on behalf of a client.
Sirius Real Estate has completed on four previously announced notarised acquisitions in Germany and the U.K., totalling over €100 million in aggregate.
Frasers Logistics & Commercial Trust (FLCT) has agreed to acquire an 89.9% stake in the equity interests in the property-owning companies which hold four logistics properties located in Germany. The agreed property purchase price for the new properties is EUR129.5 million ($188.9 million) representing a discount of 5.3% and 1...
On March 28, GIEAG Immobilien AG stopped listing its shares on the electronic trading platform Xetra and on the Frankfurt Stock Exchange. However, the share is still listed in the m:access selection segment of the Munich Stock Exchange.
EPH European Property Holdings to announce that the company expects a loss between €155 – 165 million for the year 2023, compared to a profit of €7 million for the same period a year earlier. A significant part of this loss is attributed to non-cash accounting adjustments.
InCity Immobilien AG did not achieve the earnings forecast adjusted in December 2023: According to the preliminary, unaudited figures, the project developer is recording a consolidated annual loss of around €6.0 million. A loss of €5.0 - 5.5 million was forecast.
Around 5% of employees in Germany worked from home before the pandemic, a number that has now increased to roughly 25%. Hybrid working models have become the norm now that the pandemic is over, and companies have reduced the amount of time their employees can work from home.
Panattoni is developing another BTS project for K-Flex. A seventh building of 20,000 sqm in the warehousing and manufacturing complex in Uniejów will be completed in June this year.
CTP has reached another milestone in 2023, increasing its total lettable area in Czech Republic to over 4 million sqm. With a 27% share of the Czech market, it remains the largest player in the industrial real estate sector. Occupancy across CTParks remains high at 97%, confirming the continued demand for modern and energy ef...
Publity AG, as asset manager, has sold an office property in Büdelsdorf near Kiel. The three-storey office property has a total rental area of almost 4,500 square meters. The parties have agreed not to disclose the buyer or the sale price. The property is located in a central commercial location, adjacent to the city of Rends...
Panattoni has been granted financing to develop a factory for global lighting expert Trilux, a company that specialises in hi-tech, environmentally-friendly B2B solutions. The loan of €18,3 mln was granted by Alior Bank.
Karimpol Polska appoints Michał Orłowski as Director, Head of Leasing and Asset Management. The new Director has taken his position as of April 2024, replacing Jarosław Prawicki, who played an important role in the company's development and success for over six years.
Vonovia SE issued an unsecured social bond with a term of 10 years on April 3, which is in compliance with the company's Sustainable Finance Framework defined in February 2022. The bond with a total volume of € 850 million and a coupon of 4.25% was 4.8 times oversubscribed.
Panattoni has won financing for the development of its latest development in Western Pomerania. The €20 mln loan was granted by mBank. Panattoni Park Szczecin V will comprise 30,000 sqm of which around a third has already been leased to a client from the food and hospitality sector.
CPI Property Group (CPIPG) has sold a 50% stake in eight Czech hotels. This move comes alongside the signing of a joint venture agreement with Best Hotel Properties.