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» Chronological View: " Residential " «

More than €415m transacted in the Irish development land market

CBRE Ireland have released figures for the volume and value of development land traded (both on and off-market) in the Irish market in the first half of 2019, which shows that 30 land sales were completed in Ireland in the year to the end of June, totalling more than €415 million between them. This compares to 66 transactions...
Tuesday, 16. July 2019

Instone to lay foundation stone for resi development West.Side in Bonn

In the west end of Bonn, the demolition and development work for the new urban quarter „west.side“ has been completed. Developer Instone Real Estate began construction of the 276 rental units several weeks ago. Insurance fund Bayerische Ärzteversorgung, one of the twelve occupational pension schemes under the umbrella of Baye...
Tuesday, 16. July 2019

Grainger starts work on latest Leeds investment

Grainger announces that the previously disclosed, yet unnamed transaction in Leeds has now started on site following satisfaction of the contractual conditions. The scheme, known as Fabrik, is a 216-home PRS development in Leeds which is being forward funded for c.£34m. The developer is Leeds-based Oakapple Group with Tolent...
Tuesday, 16. July 2019

Coreo sells part of its portfolio in Göttingen

Coreo sold about 25% of its property in Gottingen consisting of 430 residential units to an institutional investor. The company has since formed a product that meets institutional requirements from the portfolio acquired in mid-2018, which consists mainly of condominiums. Together with the already executed acquisitions and di...
Tuesday, 16. July 2019

Commerz Real and Wertgrund invest €70m in Dresden

The second deal is done: Commerz Real and Wertgrund Immobilien have acquired “Königshöfe” in Dresden from developer CG Gruppe for approx. €70 million. After Commerz Real and Wertgrund had only recently acquired their first residential complex in Darmstadt , this is now the second purchase in the framework of a partnership tha...
Tuesday, 16. July 2019

German residential investment market remains fragmented

The transaction volume in the German residential investment market (transactions for at least 50 apartments) totalled approximately €6.16bn during the first half of the year, which is approximately 36% lower than in the first half of 2018 according to Savills. “The decline in transaction volume is not a sign of lower demand b...
Friday, 12. July 2019

Commerz Real and Wertgrund acquire first residential complex in Darmstadt for Hausinvest

In the framework of the cooperation which they recently entered into, Commerz Real and Wertgrund Immobilien have acquired their first property – a new residential complex construction in Darmstadt. The seller is MAG Projektentwicklungs GmbH, a subsidiary of Mainzer Aufbaugesellschaft mbH, which is domiciled in Mainz. It was a...
Friday, 12. July 2019

AEW acquires mixed-use redevelopment in Barcelona

AEW has agreed the forward purchase of a mixed-use residential-retail property at 59 Via Augusta, in the Sarria-Sant Gervasi district of Barcelona. The asset has been acquired from EuroStone, a Spanish Residential investment company, and has been made on behalf of a private German pension fund mandate. The acquisition is AEW’...
Wednesday, 10. July 2019

Catella Residential enters Finland with pan-European fund

Catella Wohnen Europa, the pan-European residential fund advised by Catella Residential Investment Management (CRIM), has entered its 10th market in Europe with the acquisition of a portfolio of over 300 apartments across Finland for nearly €80 million. This acquisition will bring the fund close to the €800 million mark Cate...
Wednesday, 10. July 2019

Rental Prices in European Cities are Leveling Out

After continuous, and sometimes steep, increases in rent in major European cities over the past few years, prices now seem to have plateaued and are leveling out this quarter, according to the Housing Anywhere International Rent Index for July 2019. The HousingAnywhere International Rent Index analyses data from over 88,417 l...
Tuesday, 9. July 2019

Glenhawk appoints Steven Khan as Chief Operating Officer

Glenhawk to announce that former Morgan Stanley Head of Residential Mortgage Trading Steven Khan, an industry veteran with nearly 40 years of residential and commercial real estate experience, has been appointed as Chief Operating Officer. His appointment closely follows that of Caroline Ong earlier this month, as the company...
Monday, 8. July 2019

CBRE to buy Telford Homes for €297.7m

CBRE Group has announced that it intends to acquire all the issued and to-be-issued shares of Telford Homes. The purchase represents a strategic expansion of CBRE’s Trammell Crow Company real estate development business, which has achieved robust earnings growth over the past five years while producing very strong returns fo...
Friday, 5. July 2019

Cofinimmo invests c.€7m in Dutch healthcare property

Cofinimmo, acting on behalf of a subsidiary, acquired a medical office building in Weesp, the Netherlands for c.€7m. Constructed in 1991, ‘Regionaal Medisch Centrum Tergooi’ and offers 2,900 m² and is currently let to the Tergooi foundation. The asset enjoys close proximity to Amsterdam city centre and is easily accessible by...
Friday, 5. July 2019