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Commerz Real sells Medienfabrik property in Munich (DE)

Commerz Real just sold the Medienfabrik office scheme from the portfolio of its hausInvest open-ended real estate fund to Allianz Real Estate. It was agreed not to disclose the purchase price. The com ...

Valad Europe and Grindrod enter £100 mln joint venture for a new separate account mandate (EU/SA)

Valad Europe, the multi-let real estate investment manager, has entered into a joint venture agreement with Grindrod Financial Services ('Grindrod'), for a new separate account mandate to build a port ...

IPD: Property returns down by two thirds as low economic confidence drags down values (UK)

UK commercial property total returns fell to 2.7% in 2012 (7.8% in 2011), dragged down by falling capital values across the regions. Values fell by 3.1% for the year, while income returns held up at 6 ...

JLL: Vacancy rates in existing warehouse complexes in Moscow at record low (RU)

New completions in Q4 reached 124,000 m², which is a 40% y-o-y drop for new supply. Demand remains strong, with vacancy rates falling to 0.65%, the lowest they have been for the last five years, repo ...

LondonMetric makes debut purchase of £92.4 mln retail warehouse portfolio (UK)

LondonMetric Property Plc, the UK REIT recently created through the merger of London & Stamford Property Plc and Metric Property Investments plc, announces its first acquisition with the purchase ...

Pullman undertakes major refurbishment of five hotels in Paris (FR)

The figures are impressive, with 2,500 rooms and 26,000 m² of public areas refurbished and renovations that will last 30 months, and reflect the sheer scale of the project. Pullman has launched this ...

Lambeth Council approves redevelopment plan for 19-story building (UK)

Over 230 jobs could be created thanks to the redevelopment of a disused pub and nearby buildings in Westminster Bridge Road, Waterloo. Lambeth Council has approved plans for the demolition of The Flo ...

Mo Barzegar to join Blackstone Logistics Company LogiCor as President and CEO (UK)

Blackstone today announced that Mo Barzegar has joined its European logistics company, LogiCor, as President and CEO. LogiCor was founded by Blackstone's real estate unit in 2012 to manage and operate ...

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