Property Press Releases

Hessen, 2009-09-08 | Property Funds

• “Lateral Towers Frankfurt” – Commerz Real Takes a New Approach

  The office scheme at Neue Börsenstrasse 1 in Frankfurt, owned by closed-end CFB Fund 130, is marketed under a new name

  Markus Esser for Commerz Real AG

Hessen, 2009-09-07 | People

• Michael Bücker to become Chairman of the Board at Commerz Real

  Effective 1 October 2009, Michael Bücker, 47, will become the new Chairman of the Board at Commerz Real. He will succeed Hubert Spechtenhauser, 46, who will step down from the Board on 31 October by mutual consent.

  Markus Esser for Commerz Real AG

, 2009-09-03 | Running Deal Commercial Property

• Securing a location: A partner of NAI Global acts as consultant for one of the largest lease prolongations of logistics properties in the US

  The chemicals producer Sherwin-Williams will be keeping their headquarters at the location Effingham.

  Silke Hoffmann for NAI apollo

Germany, 2009-09-01 | Property Markets, estate agent

• King Sturge Real Estate Economy Index - The Apocalypse has been Called off

  • Upbeat Sentiment Persists in the Real Estate Industry • Sascha Hettrich: “The Anesthetizing Effect is Beginning to Wear off in the Real Estate Industry”

  Karen Jeratsch for King Sturge Deutschland

Ile de France (Paris), 2009-09-01 | Running Deal Commercial Property

• AMB Property Corporation(R) Leases 65,000 SF in Paris Development

  AMB Property Corporation(R) (NYSE: AMB), a leading global owner, operator and developer of industrial real estate, today announced it has leased approximately 65,000 square feet (6,000 square meters) in AMB Port of Rouen, a development in its Paris market, which is now fully leased. This new lease with Lincoln Electric, a leading manufacturer of welding equipment, in conjunction with the previously announced 210,000 square feet (19,500 square meters) of leasing to Schenker France and Necotrans, brings the 275,000 square foot (25,500 square meter) project to 100 percent leased a month before completion of development.

  Tracy A. Ward for AMB Property Corporation

Hessen, 2009-09-01 | Companies

• Alta Fides AG is now YOUNIQ AG

  Alta Fides AG just renamed itself, following a sound majority vote by the shareholder meeting of the listed company on June 23, 2009. The company’s new name will be YOUNIQ AG, and the company has been entered into the commercial register. The idea underlying the name change of this project developer, portfolio holder and property manager is to showcase the company's successful reorientation of its business activities toward the student living segment through its corporate identity.

  Corinna Kaspar (Business Network Marketing- und Verlagsgesellschaft) for YOUNIQ AG

Nordrhein-Westfalen, 2009-08-31 | Property Sale, Commercial property: Industrial, Commercial property: Office, Commercial property: Logistics, Running Deal Commercial Property

• Deal despite trying times: NAI apollo brokers sale of an office and logistics building in Duesseldorf near the airport

  After a very cautious demand of the investment market in Duesseldorf in the first half of 2009 (estimated volume under 100 million Euro in the segment for office properties) a 7,700 sqm wide real estate has changed ownership.

  Silke Hoffmann for NAI apollo

Switzerland, 2009-08-31 | Property Companies, Property Markets, Commercial property: Retail, Commercial property

• 2009 Mid-year report: Significantly improved operating performance

  The Jelmoli Group improved operating cash flow (EBITDA) significantly in the first half-year 2009, thanks above all to the full integration of Tivona. This was attributable in particular to the steep rise in rental income.

  Dr. Daniel Gfeller for Jelmoli Holding AG

Europe, 2009-08-28 | Commercial Property Investment, Property Markets, Commercial property: Retail, Property Investment, Commercial property: Industrial, Commercial property: Office

• Investment stabilises in Europe and some markets see yield gaps widen

  Savills European ‘Quarterly data bulletin’, which examines office, retail and industrial sectors, finds the average yield gap between prime and secondary office properties in the CBD, which narrowed down to almost 60 basis points during the peak of the market, has now widened again to around 85 basis points at end Q209, back to mid 2006 levels.

  Julia Dietrich for Savills