Immo-news.net : the real estate information website

CB Richard Ellis (CBRE) has seen an increased interest from corporate clients considering relocating office-based functions to Switzerland from major U.S. and European markets, including the United Kingdom. Active corporate occupiers of commercial real estate, particularly in the banking and finance, manufacturing and pharmaceutical sectors, are trending towards Switzerland as a base for...

CB Richard Ellis Investors, the global real estate investment management firm, announced the launch of a UK direct property fund for Defined Contribution (DC) pension investors. The CB Richard Ellis UK Property Fund received FSA approval on 25 February, which, for the first time, will allow DC pension investors access to a fund run by a purely property specialist investment manager. This marks a...

Henderson Global Investors’ €900 million pan-European retail property fund, Herald has acquired the Real Hypermarket & Gallery, a retail warehouse park in Giessen, Germany for approximately €30 million from the Metro Group, reflecting a yield of around 8%. The 17,996 m² property is fully let to 16 tenants and is anchored by a Real Hypermarket and Saturn, a major German specialist electrical...

Construction work is underway on The Exchange - a new enterprise hub at Colworth Science Park, Bedfordshire, which is being developed by Unilever and leading research and business space provider Goodman. Contractor Kier is carrying out the construction work and the development is expected to be completed in January 2011. Designed by architects RMJM, The Exchange, is named to reflect its...

The pan-European retail property fund VastNed Retail has acquired a high street shop at Istiklal Caddesi 85 in Istanbul. The acquisition concerns a retail property of 3,200 m² in total located on the very prime part of Istiklal Caddesi, the most popular shopping street in Istanbul. VastNed Retail already owns three shops on this street, which most Saturdays has a pedestrian flow of over one...

Brookfield Properties Corporation (NYSE, TSX: BPO) and its Canadian-based subsidiary BPO Properties Ltd. (TSX: BPP) today announced that BPP will be shortly mailing its information circular to shareholders containing some modifications to the previously announced proposal to create Canada’s pre-eminent office real estate investment trust (REIT), to be named Brookfield Office Properties Canada....

Office occupiers in several markets across Europe, the Middle East and Africa (EMEA) are still well-placed to negotiate favourable terms with landlords, according to latest office and market research from CB Richard Ellis (CBRE). Despite the fact that rents are stabilising in several major cities across the region, landlords in many markets are still offering sizeable incentive packages in order...

ECE Projektmanagement and the Real Estate Finance Business Division of Landesbank Berlin AG and Berlin Hyp, the two strong partners on the real estate market, signed the loan contract for the construction of Galeria Kaskada in Szczecin, Poland. The total credit value amounts to €111 million. With the financing available the construction of Galeria Kaskada will now start in full scale in order to...

A new property development and investment group has been launched following the £37 million (approx. €40.8 mln.) acquisition of a portfolio of retail development sites, principally in the North-West. The sites have been acquired from the administrator of Modus by Scarborough Development Group, the McCabe family’s latest property vehicle, which is presently looking to take advantage of retail...

Cushman & Wakefield’s latest report on the real estate market Marketbeat – Spring 2010 presents an analysis of the office, retail, industrial, hospitality and residential markets as well as the investment market in Poland in 2009. The report also provides forecasts for the future development of the real estate sector. With only around twenty deals totaling ca. €698 million the year 2009, both...

IVG Immobilien AG has taken an important decision for the development of the Airrail Center by appointing a team of specialists for the national and international positioning of this spectacular property at Frankfurt Airport. After its completion this year, the building with its gleaming silvery facade on top of the ICE mainline railway station will provide a unique space where every day up to...

The British fashion retailer TJX Companies opted for the rue de la Senne, in the Dansaert area, Brussels, to locate its first Business Training Center in continental Europe. Now fully gentrified, Dansaert has become one of the trendiest areas in the city, including for fashion matters. The offices taken up by TJX Companies have a total surface of about 3,000 sq.m. TJX Companies was...

Renewed investor confidence, the return of ambitious building projects, strategies for sustainable development in major cities, Poland’s unique profile in the current crisis, and a festival of new sports projects, are some of the major attractions at MIPIM this year. ► Investors: renewed confidence Recent research has reported signs of recovery in the real estate sector and property...

Panattoni Europe, the leading warehouse space developer in Poland, received two awards in the prestigious CEE Quality Awards ceremony, which gathers the leading real estate market players in Central & Eastern Europe. The prize was awarded to the company for the Panattoni Park Mysłowice distribution center and a special distinction was granted to Robert Dobrzycki, the Panattoni Partner...

Award dinner held to recognize the award winners – HR Top 8 companies On Best in Customer Service Award dinner ceremony held in Zagreb, hotel Sheraton on March 4, Colliers International was recognized and awarded for its excellence in customer service, together with 7 prestige companies working in the service industry in Croatia. The Best in Customer Service Award is the first national...

Signs of recovery are visible in some European housing markets, especially in sales levels and prices, says the latest RICS European Housing Review launched in Brussels (2 March 2010). A significant number of European residential markets were starting to revive from spring/summer 2009 and further revival is expected in 2010. Low interest rates and reviving economies helped to avoid housing market...

Le fonds immobilier CS REF PropertyPlus agrandit son portefeuille de constructions, qui passe à CHF 1,1 milliard, générant ainsi une performance remarquable de 17,0% Au cours de l'exercice 2009, le fonds immobilier Credit Suisse Real Estate Fund PropertyPlus (CS REF PropertyPlus) a étoffé son portefeuille avec l'acquisition de deux projets à Lucerne et à Schlieren ainsi qu'un immeuble à Genève....

The breadth of global interest and firm underlying momentum of the CEE property markets were the key messages as nearly 600 business leaders from 38 countries packed the recently renovated Warsaw Royal Castle Kubicki Arcades on 3rd March in Warsaw, Poland, for the 7th annual CEEQA awards gala dinner and awards ceremony. Spirits were high following a tough eighteen months for emerging Europe’s...

Goodman Group hosted the groundbreaking for Interlink, its landmark warehouse and distribution development in Hong Kong’s strategically important Tsing Yi port district. Valued at more than HK$4 billion (approximately €377 million), Interlink is one of the largest industrial development projects currently being undertaken anywhere in the world and is one of the first major new Hong Kong warehouse...

* Operating profit (FFO) of EUR 47.6 million was above projections * Stable rental income and real estate valuations * Consolidated net income of EUR 16.1 million * Unchanged dividend of EUR 0.30 per share DIC Asset AG (German Securities ID 509840 / ISIN DE0005098404) presented its financial statements for the 2009 financial year. The Company performed successfully, in a market...