Real Estate News

Brüssel, 2011-05-27 | Commercial Property Investment, Property Markets, Property Investment

• BRUSSELS INVESTMENT LEVELS SET TO EXCEED €2BN IN 2011 AS NEW ASSETS HIT THE MARKET

  Brussels office investment market is on track to exceed €2bn in 2011, which is a return to average levels seen in the early 2000’s according to research by international real estate advisor Savills. The firm reports that investment turnover in the city increased by 234% in Q1 2011 compared with the same quarter in 2010, from €124 to €416m. Nationally for Belgium, Savills data reveals that turnover reached €616m in Q1 2011, which already represents 48% of the total volume achieved in 2010.

  Julia Dietrich for Savills

Bayern, 2011-05-25 | Projects

• Alpha Industrial is developing a logistic park in the East of Munich

  – Online trader and packaging specialist Ratioform Verpackungen GmbH first tenant, leasing 18,500 sqm of logistics space – Alpha Industrial building a further 13,500 sqm on spec for the market – with Realogis as exclusive broker

  Silke Hoffmann for Alpha Industrial

Cataluña, 2011-05-19 | Property Markets, Commercial property: Office

• Barcelona: Mercado de Oficinas en Barcelona Q1 2011

  Según el estudio de Savills, la incertidumbre económica persistente continúa dificultando la recuperación del mercado de oficinas en Barcelona. En este contexto, la absorción bruta durante el primer trimestre, superó los 66.000 m2, registrando una mejora de un 10% respecto a los niveles acumulados durante el trimestre anterior. Sin embargo, y a pesar de que se pueda pensar que este dato es positivo, la consultora señala, que lo que demuestra es que la actividad sigue siendo débil, situándose en los niveles más bajos de la última década.

  Almudena Rodríguez for Savills

Hamburg, 2011-05-16 | Commercial property: Hotel, Companies

• Hotel properties: Engel & Völkers Commercial enters into cooperative venture with STIWA

  with the objective of establishing themselves as a national and international team of experts

  Holger Klapproth for Engel & Völkers Commercial

Germany, 2011-05-16 | Housing

• Hypoport House Price Index Germany: April 2011

  Although all three house price indices posted losses in April, they are still ahead across the board by year on year comparison. Prices for new homes recorded a sharper dip than in March. By contrast, the decline in prices for existing single-family and two-family homes and apartments was less marked by month on month comparison.

  Michaela Reimann for Hypoport AG

Ile de France (Paris), 2011-05-13 | Property Financing

• pbb Deutsche Pfandbriefbank lends € 88 million to Catalyst European Property Fund for Paris office acquisition

  pbb Deutsche Pfandbriefbank has provided just under € 88 million of funding to the Catalyst European Property Fund LP for the acquisition of a Paris office complex.“Front de Parc”, is a landmark office scheme well located in Clichy-la-Garenne, 1st ring northwest of Paris. It was part of a recently unwound securitisation.

  Oliver Gruss for Deutsche Pfandbriefbank AG

Luxembourg, 2011-05-12 | Property Investment

• Arminius acquires properties worth approx. 1 billion euro from Eurocastle

  Two investment vehicles run by Arminius Funds Management S.à r.l. ("Arminius"), as existing junior lenders, have acquired, as part of a loan restructuring, the controlling-majority stake in various SPVs holding 28 primarily commercial properties with a market value of approximately 1 billion euro. The seller is Eurocastle Investment Limited.

  Peter J. Jun for Arminius Funds Management S.à r.l.

Bayern, 2011-05-12 | Companies

• VIB Vermögen AG plans capital increase to finance further growth

  • Capital increase from authorised capital equivalent to 20% of share capital • Issue of 3,554,374 new shares at a price of € 8.00 • Gross issue proceeds of approximately € 28.4 million to extend real estate portfolio

  Stefan Kemmerer for VIB Vermögen AG

Bayern, 2011-05-12 | Companies

• GRR takes over Property Management for further S&P Funds

  The GRR Real Estate Management GmbH (GRR REM) will handle the Property Management for another 17 real estate objects from several funds by Sontowksi & Partner.

  Jochen Goetzelmann for GRR Real Estate Management GmbH