Business Immo, the real estate website

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Office 19/09/2019

Investment property said increasingly developed by institutions for own account

Investment real estate in Germany is increasingly being developed by institutional investors for their own portfolios, says a study by Vienna-based CA Immo and research firm bulwiengesa. Andreas Schulten, (...)

Office 19/09/2019

Greater Paris office take-up falls 19% in 1H19, but new resilience appearing

Office take-up in the Greater Paris region fell by 19%yy in the first half, but everything indicates that it has a new resilience, with (...)

Office 19/09/2019

Eyeing expansion, Canada's Ivanohé opens German office with new investment head

Canada-based global property investor Ivanhoé Cambridge, part of Quebec's CDPQ pension asset manager, is opening an office in Berlin, naming a new investment head and looking (...)

Office 18/09/2019

France's Primonial adds 20,000 sqm Saint Denis office complex for €167m

Paris manager Primonial REIM has acquired the 20,000 sqm Green Corner office complex in Saint Denis, a northern suburb of Paris, from REIT/SIIC Covivio for a (...)

Office 17/09/2019

Korean-led group said near €990m purchase of The Squaire at Frankfurt Airport

The Squaire, the 140,000 sqm office and retail complex at Frankfurt Airport, is close to being sold to a Korean-led consortium for around €990m, according (...)

Office 16/09/2019

LaSalle IM sells Stuttgart office from its €710m LaSalle E-REGI fund

US-based LaSalle Investment Management has sold a multi-tenanted office property at Torstrasse 15 in Stuttgart to the City authorities from its €710m AUM LaSalle E-REGI fund. Built in (...)

Office 13/09/2019

US PGIM adds three office, logistics properties in French capital, regions

US based PGIM Real Estate has acquired three properties in France, comprising office and logistics assets, placed with its pan-European discretionary core+ and value added funds. Giving (...)

Office 12/09/2019

Allianz purchases 65,000 sqm Berlin ‘smart’ office project from EDGE for JV

Allianz Real Estate has purchased a ‘smart’ office development in Berlin from EDGE for a JV between group firms and Universal-Investment acting on behalf (...)

Office 11/09/2019

Scarcity of supply seen creating investment chances in Dutch secondary cities

Scarcity of supply in Dutch real estate, combined with good economic and demographic fundamentals, is creating investment opportunities in secondary cities, says manager Bouwinvest. In its (...)

Office 11/09/2019

Meka Brunel: Guiding France's Gecina in a world of real estate undergoing huge transformation

Of course, the half-yearly results of French Gecina are good, very good, says CEO Meka Brunel; this, in a world of real estate going through a singular (...)

Office 10/09/2019

Savills launches Workthere web-based co-working brokerage service in Spain

Property Adviser Savills has launched its Workthere service in Spain - a website and brokerage service that helps firms find flexible, co-working and serviced office space. Since (...)

Office 10/09/2019

Korea's Kiwoom acquires Amsterdam's Queens Towers for €130m

Korea's Kiwoom Asset Management has acquired the Queens Towers office buildings in Amsterdam for €130m in a deal advised by London's AF Advisory and DTZ (...)

Office 09/09/2019

Sweden's Areim sells Stockholm landmark Brädstapeln 16 to KPA for €401m

Swedish independent fund manager Areim has sold a Stockholm landmark, the 39,000 sqm Brädstapeln 16, to KPA Pension, for a price around SEK4.3bn (€401m). Brädstapeln was constructed in 1974-1975 by (...)

Office 09/09/2019

Asian appetite for Paris-La Défense continues as GIC nears €550m closing on Tower PB6

Asian investor appetite for large office towers in Paris-La Défense continues unabated, with BI sources saying Singapore's GIC is near to closing on Tower PB6 for (...)

Office 09/09/2019

Henderson Park, Swiss Life said buying Munich's Kustermannpark for €350m

In what would be its third major purchase in as many months, the UK's Henderson Park is reported close to be acquiring, with Swiss (...)

Office 06/09/2019

Skanska sells Polish Wroclaw, Krakow office projects to Credit Suisse for €214m

Credit Suisse Asset Management has paid €214m to acquire two Polish office projects from Skanska, the 22,800 sqm Nowy Targ in Wroclaw and 37,500 sqm High5ive (...)

Office 05/09/2019

Madrid 1H office take-up jumps 25%yy to highest in 12 years

Take-up in Madrid’s office market reached 355,800 sqm in first half 2019, the highest recorded in 12 years and up 24.6% from 1H18, according (...)

Office 03/09/2019

Singapore family office Pacific Eagle said paying €350m for Munich's 'Ludwig'

Pacific Eagle, a Singapore family office advised by the KanAm Grund group, has acquired the 27,000 sqm Ludwig office building in Munich for a price reported at (...)

Office 30/08/2019

German slowdown to weaken office space demand by 4% this year - JLL

The economic slowdown in Germany has not yet weakened office space demand, but by year end is likely to have cut it by 4%yy, (...)

Office 28/08/2019

Union Investment extends core location focus with €50m Helsinki office buy

Germany's Union Investment, extending its re-focus on core locations and new city development areas, has acquired a 5,700 sqm office asset in Helsinki for (...)