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Turenne sells Hotel Mercure Lyon Centre Chateau Perrache to Sohoma

The Turenne Hôtellerie team has sold the premises and business of the Mercure Lyon Centre Château Perrache hotel on behalf of its Turenne Hôtellerie 2 fund. The new owner is the French hotel group Sohoma, which paid over €24 million for the hotel, according to market sources.
Wednesday, 8. May 2024

Strabag acquires parts of Vamed and expands service portfolio

Strabag has signed a purchase agreement together with Porr for parts of the Vamed Group, specifically for the technical operations management and construction projects divisions of Vienna General Hospital (AKH Wien) as well as Vamed's Austrian project development business and its Austrian spa hol...
Wednesday, 8. May 2024

Kerstin Hennig leaves Supervisory Board of Demire

Demire Deutsche Mittelstand Real Estate AG announces a change in the company's Supervisory Board. Kerstin Hennig left the Supervisory Board on May 1, 2024 at her own request. Ernö Theuer, Managing Partner of the Frankfurt-based investment company Crespi Group, has been appointed as a new member o...
Wednesday, 8. May 2024

Golden Star hires two experts for key roles

Golden Star Estate has its team reinforced by two experts in the field: Małgorzata Głowicka has joined as Group Chief Financial Officer and Magdalena Ruta has been appointed as Head of Asset Management.
Wednesday, 8. May 2024

European prime office yield softening slows

European prime office yields moved out by an average of 5 basis points to 4.90% during Q1 2024, down from a 17 bps increase in the previous quarter, as yields begins to stabilise, according to Savills.
Tuesday, 7. May 2024

BGO and Thirteen Seven sign first lease agreement for Mittelweser Park

BGO and Thirteen Seven have signed the first lease in Mittelweser Park. The international logistics company, ID Logistics, has committed to approximately 17,000 square metres in one of Germany’s newest, sustainability inspired logistics industrial developments. The company will occupy two units m...
Tuesday, 7. May 2024
ARE and UBM lay foundation stone for Park Homes in Vienna © Stefan Seelig

ARE and UBM lay foundation stone for Park Homes in Vienna

ARE CEO Hans-Peter Weiss, UBM CEO Thomas G. Winkler and Habau CEO Hubert Wetschnig laid the foundation stone for 135 privately financed condominiums together with district representative Erich Hohenberger. By laying the foundation stone for Park Homes, the partners are also heralding the start o...
Tuesday, 7. May 2024

Revelop buys 11 assets for flagship value-add fund

Revelop has acquired 11 assets in two separate transactions after securing more than SEK 2,4 billion in new equity commitments for its latest flagship value-add fund. One of the transactions i...
Wednesday, 8. May 2024

IWG adds new Regus location in Budapest

IWG is opening a state-of-the-art flexible workspace in Budapest As the adoption of hybrid working rapidly accelerates across Hungary, the number of enquiries for space in IWG locations has ri...
Wednesday, 8. May 2024

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LIP Invest extends contract with Coca Cola in Hildesheim © LIP Invest GmbH

LIP Invest extends contract with Coca Cola in Hildesheim

LIP Invest signs a follow-up lease for the distribution centre in Hildesheim with the current tenant, Coca Cola. The contract runs for approximately one year, after which the beverage company ...
Thursday, 2. May 2024
Euro Real Estate buys City Tower Vienna for €150m © Michael Hierner
Euro Real Estate buys City Tower Vienna for €150m © Michael Hierner

Euro Real Estate buys City Tower Vienna for €150m

United Benefits Holding realises the purchase of the „Justizzentrum Wien Mitte“ for Euro Real Estate with a transaction volume of more than €150 million. The major deal with Immofinanz is the ...
Monday, 6. May 2024
TCC to develop a logistics park with Invesco in the Berlin area © Trammell Crow Company
TCC to develop a logistics park with Invesco in the Berlin area © Trammell Crow Company

TCC to develop a logistics park with Invesco in the Berlin area

Trammell Crow Company (TCC) has won Invesco as a partner for its logistics property project in Neuruppin. Together they will realise the logistics centre at Core Temnitzpark. The developer obt...
Tuesday, 30. April 2024
Bundesbank extends office lease at Frankfurt's Trianon © KanAm Grund Group
Bundesbank extends office lease at Frankfurt's Trianon © KanAm Grund Group

Bundesbank extends office lease at Frankfurt's Trianon

KanAm is making progress with the repositioning of Frankfurt's Trianon and has now officially confirmed the lease extension with Deutsche Bundesbank. The extension, which was first announced i...
Monday, 29. April 2024

Running Deals

OD Group sells Ocean Drive Barcelona for over €50m

The Ocean Drive hotel company, owned by Ibiza businessman Marc Rahola Matutes, has sold the Ocean Drive Barcelona hotel in the city centre for a reported €55m. New owner is a confidential east...
Wednesday, 8. May 2024