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17-11-2009Belgium - The total available office space in Brussels has reached a new record with more than 1.5 million m2 and an availability ratio of 11.76 percent. The availability of office spaces will continue to grow as 270,000 m2 of speculative developments are due to be delivered in the next nine months.
17-11-2009UK - New analysis from Grosvenor Fund Management predicts a sharp recovery in London office returns starting in 2010 and generating 12-13 percent p.a. returns over five years. This follows capital value declines in excess of 45 percent since mid 2007.
17-11-2009Germany - The market in Germany for warehouse space (logistics) was robust in the third quarter. According to Jones Lang LaSalle (JLL), the take-up of floor space by tenants and owner-occupiers amounted to 892,000 m2, 23 percent more than in the previous quarter of 2009.
17-11-2009Europe - Like last year, the European Dutch retail developers still have great ambitions, despite the international financial crisis and a lot of projects which have opened in recent months.
09-12-2008Switzerland - Tivona Group Real Estate Management handed over the Stücki Shopping Center to ECE Hamburg. Stücki Shopping Center, encompassing 32,000 m2 of retail space, will be built until fall 2009 on the grounds of the former dye-works Stückfärberei in Basel.
09-12-2008France - The first seven-story office building within the Trapeze masterplan at Boulogne Billancourt, in the south-east of Paris, designed by Foster + Partners, has been delivered.
04-12-2008Germany - Union Investment Real Estate has acquired the STEP 9 office building in Stuttgart-Vaihingen on behalf of its Immo-Invest: Europa institutional real estate fund. The total investment is worth some €13 million.
04-12-2008Finland - Hansaimmobilia has acquired another property located in the Koskelo logistics park in Finland on behalf of its ‘Hansaimmobilia’ open-end property fund. The property is fully let for the next five years and is used as a warehouse in the wholesale sector.
02-12-2008Ireland - Multi Development UK was awarded yet another two prestigious awards, recognising the development of the £400 million Victoria Square scheme in Belfast. The Irish Property Awards hosted by Property Week awarded Multi with Northern Ireland Developer of the Year and Northern Ireland Commercial Development of the Year.
02-12-2008Bulgaria - According to leasing consultants, Colliers International in Bulgaria, the occupancy of Grand Mall shopping centre in Varna has already reached 60 percent, with Zara and other Inditex brands to become a part of the tenant list in the near future. Grand Mall is currently being developed at Vladislav Varnenchik blvd in Varna and has been very well received by the market.
28-11-2008Canada - Homburg Invest, the international real estate investment and development company, announced the three phase re-development of the Confederation Court Mall which will significantly improve services and commercial spaces of the historic downtown area of Charlottetown.
28-11-2008UK - Hansainvest has recently purchased a logistics property on behalf of its HANSAreal 1 institutional fund in Leicester, England. The investment in the property approximates €38 million.
28-11-2008Indonesia - The world’s largest privately held real estate services firm, Cushman & Wakefield, announced that it has successfully merged with its Indonesian affiliate, PT Property Advisory Indonesia (PROVIS).
28-11-2008Japan - Union Investment, the Hamburg-based real estate company, acquired the ‘Duplex Office Tower’ in Tokyo’s famous Shibuya ward. At over 9,000 m2 GLA, the new property was the first transaction on behalf of Union Investment’s open-end real estate fund UniImmo: Europa in Tokyo. The investment amounted to some €130 million.
25-11-2008UK - Multi Development UK was awarded the Urban Regeneration Initiative of the Year Award at the MAPIC EG Retail Awards in Cannes, France. The award was given for the Victoria Square Regeneration project, in Belfast Ireland.
25-11-2008France - At MAPIC in Cannes, ICSC Europe gave its list of finalists for the 2009 European Shopping Centre Awards. Eighteen centres were nominated, of which Multi Development received three.
24-11-2008Austria - Union Investment Real Estate has acquired the four-star Arcotel Kaiserwasser hotel in Vienna on behalf of its UniImmo: Europa open-end real estate fund in the hotel segment. The hotel was acquired for an investment of some €34 million.
24-11-2008The Netherlands - ING Real Estate, the property investment, finance and development firm, presented the growing importance of shopping centre refurbishments to its development business in the mature markets of Europe, at the MAPIC convention last week.
24-11-2008Cannes, France - The winners of the MAPIC EG Retail Awards was announced by Reed MIDEM, the global leader in the organisation of international professional markets. The Retail Awards was organised for the first time between MAPIC and Estates Gazette (UK).
21-11-2008Bratislava - At the MAPIC 2008 in Cannes, on November 20th, 2008, Quinlan Private Golub (QPG) presented plans for South City Shopping Centre in Bratislava. Construction will begin on the shopping centre, comprising 60,000 m2, in 2010.
21-11-2008Sweden - NCC Construction Sweden has been mandated to plan and construct a sports and cultural college near Lindeskolan in Lindesberg. The total investment will amount to SEK 150 million (approximately €14 million).
20-11-2008Spain - Rockspring has purchased the Tres Caminos retail park situated in Puerto Real, Cádiz, Spain. The total investment amounted to €20 million (£16.4 million).
20-11-2008France - Today, during the international convention for retail real estate, MAPIC, Roland Weise, CEO of the Media-Saturn Group, and Jan Eijkemans, managing director International of Bouwfonds MAB Development, announced that the electrical goods retailer Saturn will open one of its largest stores in Europe in autumn 2009 in the DOMUS shopping centre in Rosny-sous-Bois, France.
20-11-2008Germany - Union Investment Real Estate has big plans for the Unilever building at Dammtorwall 15. The company has been granted planning permission for the refurbishment of the landmark property.
19-11-2008Austria - Redevco Central Europe bought Phase II of Seyringer Spitz, a retail warehouse park situated in the north of Vienna. Vendor in the transaction is Austrian developer MID. The purchase price for the second phase, totalling 3,345 m2, was €6.6 million.
19-11-2008UK - JP Morgan (JPM) and Canary Wharf Group (CWG) came to an agreement on the development of the Riverside South site at Canary Wharf. CWG’s 999-year leasehold interest in the land has been sold to JPM for £237 million (approximately €259 million).
17-11-2008UK - Multi Development UK was awarded two prestigious awards for the development of the Victoria Square scheme in Belfast. The scheme has an investment of £400 million (€429 million).
17-11-2008Germany - As of November 13th, 2008, IVG Immobilien successfully issued the IVG Caverns Fund and fully placed it to German institutional investors.
14-11-2008The Netherlands - The region Greater Amsterdam has published a new property guide called ‘We’re Amsterdam’, which offers insight into the current situation concerning office and industrial space in the Amsterdam Airport Area.
13-11-2008France - Cofinimmo announced they have finalised the acquisition of fourteen healthcare properties (1,272 beds, 63,493 m2) spread throughout France from the Korian Group. The further of five additional homes (423 beds, 21,910 m2) currently under construction has also been tentatively agreed for the first half of 2009.
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