Property Press Releases

Germany, 2009-12-14 | Commercial Property Investment, Property Investment, Companies

• VIB Vermögen AG further increases real estate portfolio on group level

  * Four high-margin properties acquired * Total investment volume of around € 22.5 million * Income base increases by annualized net rental income of around € 1.6 million

  Dirk Stauer (cometis AG) for VIB Vermögen AG

Bayern, 2009-12-10 | Property Events

• Construction Starts for YOUNIQ Project in Munich-Milbertshofen

  Right on schedule, YOUNIQ AG commenced construction of the student living project the company to be realised in Munich's northern district of Milbertshofen. On a site located on Schleissheimer Strasse, the company will complete 85 student apartments – modelled on the YOUNIQ concept and meeting the needs of present-day students – in time for the winter semester of 2010/2011.

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

Germany, 2009-12-08 | Property Markets, estate agent

• King Sturge Real Estate Economy Index: The Mood is Picking up – if most Reticently so

  * At 91.4 points, the Investment Climate approaches the threshold mark of 100 which reflects a balanced sentiment ratio * Sentiment on the office market recovers 5 percent * Residential Climate drops by 2 percent to 124.5 index points

  Ute Gombert for King Sturge Deutschland

Sachsen, 2009-12-07 | Commercial Property Investment, Property Investment

• YOUNIQ Realises its Second Project in Leipzig

  Sale of 90 Units to Private Investor ahead of the Start of Construction

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

Castilla la mancha, 2009-12-03 | Running Deal Commercial Property

• CB Richard Ellis asesora a Iron Mountain en la compra de suelo

  CB Richard Ellis, compañía líder en consultoría y servicios inmobiliarios a nivel internacional, ha asesorado a la compañía Iron Mountain en la compra de un suelo industrial de 16.000 metros cuadrados de superficie.

  María Martín Lostao for CB Richard Ellis España

Spain, 2009-11-19 | Property Markets

• SPAIN SEES RAPID READJUSTMENT IN RETAIL DEVELOPMENT PIPELINE TO COUNTER MARKET SITUATION

  According to Savills, the Spanish property market has reacted quickly to the downturn cutting retail development in 2009 from the original forecast of 1.1 million sq m (11.84 million sq ft) to an end figure of 360,000 sq m (3.76 million sq ft). This follows a record delivery in 2008 of 1.08 million sq m (11.62 million sq ft) new retail space.

  Julia Dietrich (Diet-Rich-Consulting) for Savills

Russia, 2009-11-12 | Property Markets, Commercial property: Hotel, estate agent

• NAI Research-Spotlight of the week: Moscow – Opportunistic investors buy old hotels to convert them into the two- and three-star range

  With more than 10 million inhabitants (17 million in the metro area), Moscow is the 7th most populated city in the world. Moscow GDP accounts for 20% of Russia’s economy, and until last year it was rated the most expensive city in the world by several surveys.

  Silke Hoffmann for NAI apollo

Hessen, 2009-11-11 | Companies

• DIC Asset boosts profits for the third straight quarter

  * Forecast for 2009 funds from operations (FFO) increased significantly, to EUR 45-46 million * Rental income stable, at EUR 100.8 million * EUR 11.5 million consolidated net income shows good profitability * DIC ONSITE taken over completely

  Immo von Homeyer for DIC Asset AG

Bayern, 2009-11-09 | Companies

• Fair Value REIT-AG increases nine-month earnings and lifts forecast for 2009

  * Consolidated net income increases significantly to € 2.4 million (previous year: € 1.4 million) * Guidance for 2009 lifted * Sustained reduction in general administrative expenses * Dividends planned for 2010

  Dirk Stauer (cometis AG) for Fair Value REIT-AG