Property Press Releases

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

London, 2010-01-12 | estate agent

• Highest levels of take-up in the City for four years

  The City and West End office markets have experienced their highest levels of take-up for over four years and two years respectively, according to the latest Q4 research from leading property adviser BNP Paribas Real Estate, hinting that 2010 could see a revival of the London office market.

  Nicola Rattle for BNP Paribas Real Estate

Cataluña, 2010-01-11 | People

• SAVILLS nombra a Eusebi Carels como nuevo director general de la oficina de Barcelona

  Savills, una de las principales consultoras internacionales de servicios inmobiliarios, ha anunciado la promoción de Eusebi Carles como nuevo Director General de la oficina de Barcelona.

  Almudena Rodríguez for Savills

Austria, 2010-01-07 | Companies

• Swiss Prime Site AG launches up to CHF 300 million Convertible Bonds due 2015

  Swiss Prime Site AG, Olten, Switzerland (the "Issuer") is launching a domestic convertible bond issue due 2015 of CHF 220 million, or up to CHF 300 million if both the increase and over-allotment options are exercised in full (the “Bonds”). The Bonds are convertible into registered shares of Swiss Prime Site AG (the "Shares"), which will be sourced from conditional share capital. Credit Suisse is acting as Sole Global Coordinator, and together with UBS Investment Bank as Joint Bookrunner for the Bonds.

  Investor Relations for Swiss Prime Site AG

Germany, 2010-01-05 | Property Markets, estate agent

• King Sturge Real Estate Economy Index: Starting off 2010 on an Optimistic Note

  * At 85.1 points, current Real Estate Climate doubles 2008 year-end value * Rental Climate climbs by 10 percent to 75.5 point * Once again, Office Climate reports highest gain in sentiment among segment indicators

  Ute Gombert for King Sturge Deutschland

Great Britain, 2010-01-04 | estate agent

• BNP Paribas Real Estate: time for developers to pick up their tools?

  The latest research into refurbishment and development activity in the City of London suggests that 2010 could be the year for developers to pick up their tools again, according to the leading property adviser BNP Paribas Real Estate.

  Nicola Rattle for BNP Paribas Real Estate

Germany, 2009-12-17 | Running Deal Commercial Property, Companies

• In spite of the economic crisis Allianz Real Estate Germany GmbH has increased the property it has rented out by 19 percent.

  Allianz Real Estate Germany GmbH defies the economic crisis: in 2009 the company managed to rent out about 212,000 m² of office, retail and residential space from the stock of properties held by Allianz companies. Compared with the previous year this is the equivalent to an increase of about 19 percent (In 2008 it rented out about 178,000 m²).

  Roland Deger for Allianz Real Estate Germany GmbH

Sweden, 2009-12-15 | Property Funds, Commercial Property Investment, Property Investment, Commercial property: Shopping Center

• Commerz Real Invests in Sweden on Behalf of “hausInvest europa”

  *Retail park acquired for a total of 28 million euros *Completion of project development planned for early 2011 *Properties almost fully let on long-term leases

  Karolina Müller for Commerz Real AG