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Newgate Investment planned and implemented the processes of reconstruction and recommercialization of the former Outlet Bialystok project located in Bialystok at 67 Wysockiego Street with an original GLA of 13,336 m².
Adler Group S.A. closed the financial year 2023 with a loss from operating activities of €1.464 bn (previous year: €1.272bn), partly due to write-downs. This was announced by Adler today. In addition, there was a negative financial result of €497m.
Skanska has signed a contract with Central Group to build a residential complex in Prague. The contract is worth CZK 1.3 billion, about SEK 600m, which will be included in the order bookings for Europe for the second quarter of 2024.
RQI Immobilien AG has acquired its first property complex for its „redevelop-to-core“ strategy with a total investment cost of €6 million. These are two residential buildings in the Westend district of Wiesbaden. The vendor is the subsidiary of a German insurance company. The adjoining four-storey properties with 22 residenti...
S Immo signed a contract for the acquisition of a portfolio totalling eight properties from Czech Property Investments, a.s. in the Czech Republic. The purchase comprises four office properties and four commercial properties with a total leasable area of around 136,000 m², a property value of around €463m and annual rental in...
VGP NV and Areim Pan-European Logistics Fund (D) AB signed the first seed closing between VGP and their 50:50 joint venture, Saga. The transaction comprises 17 logistics buildings in 10 VGP Parks. The 17 buildings are located in Germany (6 parks, 8 buildings), the Czech Republic (3 parks, 5 buildings) and Slovakia (1 park, 4 ...
TAG's decarbonisation strategy progresses with targeted investments in the German portfolio. The CO2 intensity in the German portfolio was further reduced through investments in building and heating refurbishment – around 62% of the portfolio is energy efficiency class C or better.
According to „Office Occupier - Warsaw Office Market, Q1 2024“, a report published by the real estate consultancy Newmark Polska, the Warsaw office market is entering a period of increased focus on the reuse and refurbishment of office buildings.
In the first quarter of 2024, CTP signed a lease contract with logistics provider iLogistic for an additional 2,000 square metres. The company will thus occupy a total of 13,000 m2 of space in the ever-evolving BIA3 Building of CTPark Budapest West. Here, it will not only benefit from flexible services but also have the oppor...
Limehome grew its portfolio by almost 14 percent in the first quarter of 2024. By the end of March, the company signed a total of 800 new apartments, bringing the total European portfolio to 6,800 apartments. The majority of new leases are located in Austria, Portugal, Spain, and Italy, emphasizing the company's status as one...
The Grounds Real Estate Development AG has sold all the residential units in its re-densification project on Margaretenstrasse in Berlin-Lichtenberg. A total of 27 new owner-occupied apartments will be created on the plot in Weitlingkiez, which the company acquired in summer 2022. Construction work is scheduled for completion...
Effective May 1, 2024, Michael Henn will assume the position of Global Head of Green Deal Infrastructure at Commerz Real AG. Henn will be responsible for the transaction and acquisition business, project developments and asset management in the field of renewable energies and infrastructure investments.
CDC Investissement Immobilier secures a stake in the Covivio portfolio in the centre of Berlin. The French company is buying a 49% stake (39% from Covivio Immobilien, a 61.7% subsidiary of Covivio, and 10% from Covivio) in the portfolio on behalf of Caisse des Dépôts. Closing expected in second quarter 2024.
Building on its positive business performance in the previous year, Hamborner REIT AG recorded further growth in revenue and earnings in the first quarter of 2024.
CTP has appointed Alexander Hund as Managing Director of CTP Germany. He will head up the company's rapidly growing business in the country. CTP will invest €1 billion in Germany over the next few years. He will lead the management team together with CFO Alen Stosic, and Timo Hielscher, Managing Director for Germany responsib...
An e-scooter manufacturer is opening a long-term branch in Krefeld. On advice of Realogis the specialist for innovative means of transportation in the field of electromobility has signed a lease for 725 sqm of warehouse and office space in the „Green Business Park“ at Odilia-von-Goch-Straße 16. Due to the latest contract the ...
VGP NV and Deka Immobilien announced the signing of the second closing between VGP and their 50:50 joint venture, RED (The 'Fifth Joint Venture'). The transaction comprises two logistics buildings and a multi-storey car park which were developed in parks that have already transferred to the joint venture in the first closing....
Europe's average office occupancy rate has risen from 55% to 59% over the last year, says Savills, with Madrid now standing at 68%, almost back to the European pre-pandemic average rate of circa. 70%. London West End and Paris CBD have the second and third highest rates, at 61% and 59%, respectively. Warsaw has seen the highe...