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CPI Property Group has signed a commitment agreement with Sona Asset Management regarding a proposed equity investment of €250 million in Poland. The equity investment would consist of a significant minority stake in a CPIPG subsidiary holding a portfolio of eleven office properties in Warsaw and two retail assets located in ...
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 will move to the surrounding area.
According to data from Colliers, a trend called Shell & Core is gaining momentum in the Czech Republic. This is a strategy where developers construct and build out industrial buildings to the stage of providing basic structures and infrastructure. However, the interior elements remain unfinished and will be completed only acc...
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 obtained planning permission for the project last autumn.
The Numa Group has established a Brand Advisory Board to accelerate its growth. It is made up of marketing experts Thecla Schaeffer, Pierre-Laurent Baudey and James Goode.
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 in the autumn, runs until 2031. The bank occupies 21,500 sqm in the 68,000 sqm skyscraper, which will soon lose DekaBank as an anchor te...
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.
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.
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 ...
According to Aulina Brzeszkiewicz-Kuczyńska, Research and Data Manager at Avison Young, the total investment volume in 2024 was €364 million, the weakest first quarter result in recent years.
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.