Economy & Financial

Cushman & Wakefield has confirmed Tina Reuter as its Head of Germany. She has held the position on an interim basis since December 2023 and succeeds Yvo Postleb who has decided to leave the business to continue his career outside Cushman & Wakefield.

Panattoni takes an active approach to the increasing demands of sustainable construction and ESG regulations. Emilia Dębowska has been promoted to the position of Head of Sustainability Europe. In her new role, she will be responsible for Panattoni's integrated sustainable development strategy, encompassing both the company's...

Altaal and Nordic Credit Partners are joining forces to establish a Nordic investment company focused on alternative assets. Together, the group manages six billion Swedish kronor across real estate, infrastructure, and credits, distributed over six investment strategies, with a team of about 20 employees across offices in St...

Garbe strengthens its team. Tomáš Hanuš joins the company as Property Manager, bringing with him 25 years of experience in technical operations and property management not only in the Czech Republic but also in Slovakia.

Garbe Industrial Real Estate the Netherlands has appointed Paul Twigt as the Head of Real Estate Management. In this role, he will oversee all asset and property management activities for Garbe's Dutch logistics portfolio, reporting directly to Managing Director Maurits Smit.

CBRE Investment Management has secured a new finance facility for its indirect secondaries strategy, to be delivered by RBS International (“RBSI”), part of the NatWest Group.

Colliers is announcing that Tewfik Sabongui, current Managing Partner in the Czech Republic, will expand his responsibilities to include being Managing Director of Slovakia. Richard Urvay, Colliers’ current Managing Director in Slovakia will depart the business by the end of April to take up a client-side role.

Trei Real Estate obtained a further loan facility. The 35.5 million euros in loan funds made available by Postbank are split into two tranches: 15.6 million euros have a maturity of five years, while the remaining 19.9 million euros will have to be repaid after ten years. The loan takes the form of a classic real estate finan...

Orion Capital Managers has announced the hire of Andrea Goss as Director of its Investor Relations team. Goss will cover servicing the firm's existing client base, assist in the fundraising for Orion's sixth pan-European fund, as well as executing co-investment and other initiatives.

Ryden has announced today the expansion of its Agency and Lease Advisory department in Leeds with the appointment of Georgie Parker as new Agency and Lease Advisory Surveyor.

London has narrowly overtaken Geneva to top the rankings once again as the most expensive city in the world in which to build, according to the latest Arcadis 2024 International Construction Costs (ICC) report, released by the global design and engineering consultancy today.

Germany's investment markets posted a noticeable uptick in transaction activity in Q1. As expected, however, this trend has yet to be fully reflected in transaction volume. Investors poured just over €5.5bn into commercial real estate in Q1 2024, an 8% increase in transaction volume compared to the previous year's weak result...

Redevco, and Oliver Herrmann, founder of German large-scale retail specialist Redos, launch Redevco Capital Partners, targeting special situations real estate opportunities across Europe.

Dr Angela Geerling has been elected as the new Chairwoman of the Supervisory Board of Branicks Group AG. The property expert has been a full member of the Board and a member of the Audit Committee since 2022.

Commercial real estate investment volume in London has recorded two consecutive quarterly increases, according to analysis from BNP Paribas Real Estate.

The general market situation continues to affect Accentro: the company has to devalue its portfolio extraordinarily significantly. The devaluation requirement is in the order of €50 to 60 million and also causes problems for two bonds. This was announced by the company on Friday.

EPH European Property Holdings has decided to suggest to the holders of the company‘s bonds with ISIN CH1177348302 and with a total nominal value of €122,175,000 to amend certain terms of these bonds:

CBE Capital has secured a €95m Greek senior bond loan facility from Piraeus Bank in Athens for its club-deal investment into a new Six Senses Hotel and branded residences to be developed in Porto Heli on the Greek mainland.