Property Press Releases

Germany, 2010-01-28 | Companies

• Letting Performance of Commerz Real Climbs to Five-Year High

  * Space let in 2009 totals 600,000 sqm across funds * High property quality encourages longer tenancy at Commerz Real properties

  Markus Esser for Commerz Real AG

Bayern, 2010-01-21 | Bank, Companies

• HRE submits application for a transfer of assets

  * Transfer to comprise operations no longer strategically required by the Group, as well as additional balance sheet items * Transfer will permit a restructuring of the balance sheet, focus on core business, and a reduction in capital requirements

  Walter Allwicher for Hypo Real Estate Holding

Spain, 2010-01-21 | Property Markets, estate agent

• Previsiones 2010 de Jones Lang LaSalle sobre el sector inmobiliario

  Por Borja Basa, Responsable de Desarrollo de Negocio Corporativo de Jones Lang LaSalle El año 2009 ha sido sin ninguna duda muy áspero y convulso en lo que a la economía general se refiere. Un año dominado por la falta de liquidez de cara a las empresas que muchas veces se encuentran sin poder hacer frente a sus obligaciones crediticias que durante los dos últimos años han ido renegociando.

  Borja Basa for Jones Lang LaSalle

Great Britain, 2010-01-20 | Property Funds, Commercial Property Investment, Property Investment

• Commerz Real Acquires Environmentally Sustainable Office Scheme in Birmingham

  * 130 million euro commitment earmarked for “hausInvest europa” * Completed in 2009, the property is almost fully let

  Markus Esser for Commerz Real AG

Great Britain, 2010-01-18 | Commercial Property Investment, Property Investment

• Aberdeen completes £250 million investment into UK property market as investor interest builds

  Aberdeen Property Investors (Aberdeen) has acquired around £250m of UK commercial properties in the last three months on behalf of institutional clients. All of the group’s segregated UK direct property clients have allocated additional funds to invest or have indicated funds may be made available on a case-by-case basis. In aggregate this totals an additional £500 million to be invested, of which a number of deals have already been identified.

  Dietmar Müller for Aberdeen Property Investors Deutschland

Hungary, 2010-01-13 | Commercial Property Investment, Property Investment

• Allianz Real Estate Germany invests 100 million euros in Allee Shopping Centre in Budapest

  Allianz Real Estate Germany and ING Real Estate Development announced today to have reached agreement on the sale of a 50% share in the Allee Shopping Centre in Budapest to Allianz for approximately 100 million euros. ING Real Estate Development will keep the remaining 50% ownership of Allee and will be responsible for the day to day management of the centre.

  Roland Deger for Allianz Real Estate Germany GmbH

Great Britain, 2010-01-13 | estate agent

• BNP Paribas Real Estate – UK to see slow but definite recovery, this is not a ‘bubble’

  At a BNP Paribas Real Estate seminar at the Royal Yacht Hotel in Jersey, head of research Keith Steventon reviewed the current state of and prospects for the UK property market highlighting that the current upturn in the commercial property market represented a slow but definite recovery and is not a ‘bubble’ as some commentators have suggested.

  Laura King for BNP Paribas Real Estate

Hessen, 2010-01-13 | Property Markets, estate agent

• Letting of office properties in Frankfurt/Main: NAI apollo publishes market figures for 2009

  * 31 per cent less lease contract conclusions than in the previous year * Financial and trade fair districts were in the lead regarding the favour of tenants * 75.6 per cent of all lease contract conclusions over 1.000 sqm space were mediated via real estate agents * 70 per cent of all newly let office spaces were larger than 1,000 sqm * 2010: effective rents will decrease due to further incentives

  Silke Hoffmann for NAI apollo

Germany, 2010-01-12 | Property Investment

• CORESTATE Capital AG to turn around 4,700 apartments in Germany

  BGP Investment s.à r.l. (BGP) and CORESTATE Capital AG, Zug (CORESTATE) have entered into a comprehensive agreement in respect of approx. 4,700 apartments located predominantly in Western Germany. The portfolio comprises over 300,000 sqm of lettable space and currently carries approx. €150mn of debt financing.

  Silke Otto for CORESTATE Capital AG