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Eyemaxx Real Estate AG has secured an attractive project to build a total of 157 Serviced Apartments in Essen. The company hence executes the market entry into this high growth segment of the commercial real estate market, in conformity with its strategy, with a project which boasts a return on equity (IRR) in the upper doubl...
The follow-up project is in the pipeline: Pegasus Capital Partners, together with developer Stonehill, is planning another apartment building in Vienna on a plot of 12,000 sqm. It will comprise around 190 units and is located on Dresdner Strasse. The planning application has already been submitted in the middle of January a...
GEG German Estate Group AG has provided further details concerning its Riverpark Tower project development, taking further decisions for realisation. For instance, celebrated architect Ole Scheeren will not only be responsible for the tower building's overall design, but will also oversee its interior design – comprising the ...
Brookfield Property Partners has exchanged contracts to acquire Oaktree Capital Management's serviced apartment business SACO for £430m (€485m). The US asset manager placed the business under offer in October last year, and fought off competition from other investors – including Mapletree and Invesco on behalf of its new Euro...
Novum Hospitality and Merkur Development Holding GmbH have started construction work on a third „Niu“ hotel in the Fasanenhof district (Vor dem Lauch 16) of Stuttgart. 144 hotel rooms and 110 serviced apartments, with a total BGF (≈GEA) of around 10,500 sq m, are to be constructed. Completion is scheduled for autumn 2019. The...
Native Land, along with joint venture partners Hotel Properties Limited (HPL) and Amcorp Properties Berhad (Armcorp), has appointed Bruton of Sloane Street to manage its new Mayfair W1 development, Burlington Gate.