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Poland is the most active commercial real estate market in CE

According to Cushman & Wakefield, this year’s total volume of transactions is expected to reach €9.4 billion in Central Europe, which will represent a one-third decrease on last year’s figure. Poland’s share in the total transaction volume - albeit down by one-fourth compared with last year - will hit approximately 60%.
Monday, 28. December 2020

Centerscape acquires local shopping centre in Strausberg

Centerscape acquired a retail agglomeration with Netto and 15 additional rental units in Strausberg in December 2020. The local supply centre was extensively modernized between 2018 and 2020 and is fully leased. The purchase was made through Baukontor Lange GmbH.
Monday, 28. December 2020

UK Commercial Property with £45.7m investment and £25.4m disposal

UK Commercial Property REIT Limited (UKCM) has completed the acquisition of an ASDA supermarket in Torquay, Devon, from Aviva Investors for £16.6 million (c. €18.5 million), representing a net initial yield of 4.70%, rising to 5.24% in July 2021.
Wednesday, 23. December 2020

Norton Rose Fulbright appoints Dr Stefan Feuerriegel as new Head of Germany

Norton Rose Fulbright has appointed Dr Stefan Feuerriegel as its new Head of Germany, effective January 1, 2021. Stefan, a real estate partner based in the Hamburg office and a member of the firm’s Europe, Middle East and Asia (EMEA) Management Committee succeeds, Dr Ralf Springer in this leadership role.
Wednesday, 23. December 2020

British Land completes drawdown of 500-year headlease

British Land has completed the drawdown of the 500-year headlease with Southwark Council. This significant milestone is the culmination of a five-year process in partnership with Southwark Council, which saw planning for the Canada Water Masterplan granted in May 2020.
Wednesday, 23. December 2020

CA Immo sells two land lease retail plots in Graz

CA Immo has successfully closed the sale of two land lease retail plots in Graz at a premium of around 50% to H1 2020 book value to Ikea Austria GmbH and J.M.Offner Immobilien GmbH. The two plots totaling around 107,000 sqm of site area are fully leased on a lease-hold basis to the big box retail occupiers OBI and IKEA respec...
Wednesday, 23. December 2020

Tishman Speyer acquires Carré Saint-Germain and Tour Cristal in Paris

Tishman Speyer announced the acquisition of two French properties with its partner the Public Sector Pension Investment Board (PSP Investments). The developer has acquired the Carré SaintGermain from AXA IM – Real Assets acting on behalf of clients and the Tour Cristal in central Paris from an undisclosed seller. With the new...
Monday, 21. December 2020

Stenprop take significant step towards 100% MLI focus with sale of Berlin asset

Stenprop has exchanged contracts on the sale of its freehold interest in the Victoria Centre in Berlin to Art-Invest Real Estate Funds GmbH for €37.45 million. The disposal price is at our 30 September book value and reflects a 19.3% (€6.05 million) premium to the 31 March 2020 book value.
Monday, 21. December 2020

Immofinanz expands Stop Shop portfolio with acquisition from Mitiska REIM

Immofinanz is continuing the expansion of its Stop Shop retail park brand with the acquisition of eight properties. The Austrians acquired six of them from Mitiska REIM as part of a portfolio deal. The six fully let retail parks are located in Serbia and the Czech Republic and have a lettable area of ​​around 43,000 m².
Friday, 18. December 2020

Eurocommercial desinvest in Sweden and France

Eurocommercial Properties N.V. has sold Les Trois Dauphins in Grenoble, France to Credit Agricole Sud Rhône Alpes and SA Deltager, who are both part of the Credit Agricole group. Les Trois Dauphins is a mixed use property located in the historic city centre of Grenoble next to the Galeries Lafayette, with a catchment of 460,0...
Thursday, 17. December 2020

Greenman OPEN acquires hybrid centre in Tuttlingen for €31.7m

Greenman OPEN has acquired a mixed-use hybrid centre in Tuttlingen, Baden- Württemberg for c. €31.7m, marking the first acquisition from the framework agreement it signed with Schoofs Immobilien, a leading German developer, earlier this year.
Thursday, 17. December 2020

Edge’s Amsterdam Development Valley is officially topped out

Edge to announce the topping out milestone of their multi-use development Valley at the Amsterdam Zuidas. In reaching the highest point on its 103-metre North Tower, the building can proceed with its final stage of development. Valley is expected to be delivered at the end of summer 2021 and will offer 75,000 sqm of retail, r...
Thursday, 17. December 2020