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Serbia’s landmark hotel sold to MV Investment

Bulgaria - At the end of March, Belgrade's Hotel Jugoslavija was sold to MV Investment for 3.2 billion dinars (approximately €27 million). The Millennium Team subsidiary won the public auction for the purchase of the bankrupt Danube Riverside legal entity.
Friday, 26. April 2024

Office rents 34.2% higher near Dutch railway stations

The Netherlands - Savills has unveiled a new report detailing critical trends shaping the future of the Dutch office market, emphasising the significant impact of location and accessibility. According to the study, offices near railway stations command rents that are 34.2% higher than those in less accessible locations, reflecting the premium ...
Friday, 26. April 2024

BSH moves to Solna Business Park

Sweden - Fabege has signed an agreement with household appliance manufacturer BSH Home Appliances AB for a new office and showroom for its Bosch, Siemens, NEFF and Gaggenau brands at Solna Business Park. The agreement covers a total of just over 4,300 square metres at the corner of Svetsarvägen. The agreement runs for 10 years.
Friday, 26. April 2024

JTRE enters German market with acquisition in Berlin

Germany - Following its successful and award-winning first projects in London, J&T Real Estate (JTRE) is strengthening its strategic position as an international developer. The first project of JTRE's newly established German branch will be Nordhafen Living & Office in an attractive central location in Berlin.
Friday, 26. April 2024

Deka Immobilien sells Coty's Headquarters in Paris

France - Deka Immobilien has sold the office building Opéra Gramont, located at 14 rue du Quatre Septembre in Paris for approximately €107 million. The property was part of the WestInvest ImmoValue portfolio, an investment fund designed for institutional investors, and was acquired by Osae Partners on behalf of one of its discretionar...
Friday, 26. April 2024

CHC Holding closes hotel deal with Bayview Italia

Italy - According to market information, Gruppo CHC has completed the purchase of three hotels. The Holiday Inn Naples (326 rooms), the Villa Ducale Parma (113 rooms) and the My One in Bologna (98 rooms) were previously part of the Bayview Italia portfolio. The new owner plans to extensively modernise the three 4-star hotels. The dea...
Friday, 26. April 2024

Branicks launches fund for renewable energy

Germany - Struggling real estate manager Branicks is launching a new business line: the 'Renewables' asset class, which will drive the diversification of its fund offering towards renewable energy, in partnership with Encavis Asset Management.
Friday, 26. April 2024

Panattoni and Mercedes celebrate breaking ground for new ICC Logistics Centre

Germany - With the initial ground breaking, the construction of the new Mercedes-Benz AG International Consolidation Center (ICC) in Bischweier (District of Rastatt) officially started on 25 April. This special event was celebrated by the project developer, Panattoni Germany and Mercedes-Benz along with numerous attendees and honoured ...
Friday, 26. April 2024

Clintons opens first UK outlet store under new ownership

UK - Northern Ireland's only premier designer outlet, The Boulevard is now officially home to the UK's first Clintons outlet store, under the new management and ownership of Cardzone, as it opened its doors to customers on Saturday 20 April 2024.
Friday, 26. April 2024

Kesko acquires assets Espoo and Salo from eQ Oyj

Finland - Kesko has acquired two properties from eQ Commercial Properties Fund: the Sinikallio shopping centre in Mankkaa, Espoo, and the property where its K-Citymarket Salo hypermarket operates. Kesko has long been the primary tenant and main user of both properties.
Friday, 26. April 2024