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RED secures financing for the first Cadran commercial center in Romania (RO)

Immorent has funded RED's first Cadran commercial center that is to be developed in Husi, North East Romania. The €8 million financing is being provided by Immorent Romania, part of Erste Group A.G. ...

Union Investment makes property acquisitions totalling €1.6 billion (DE)

The portfolio expanded with focus on European core markets and major investment in sustainable buildings. Union Investment was again one of the most active players in the European real estate market i ...

Prime office space in sublease is finding its tenants (RU)

One of the big audit and consulting companies PricewaterhouseCoopers has signed a long term sublease agreement with one of the Moscow leading legal practices Norton Rose (Central Europe) LLP for 1,409 ...

CBRE appointed property manager for Deka Immobilien France Portfolio (FR)

CB Richard Ellis today announced that it has been appointed by Deka Immobilien GmbH as a property manager on half of its portfolio of properties in France. CBRE will manage 12 office, retail and logis ...

Holland Park Apartments: approximately 40% of the apartments in the Brunello building sold (PL)

Keen Property Partners (KPP), the owner and property manager of the prestigious and highly desirable Holland Park Apartments, in Warsaw, has sold almost 40% of apartments located in the Brunello build ...

Cushman & Wakefield research report: Office snapshot Russia (RU)

All commercial real estate rents decreased in 2009 by 30-50%. The decrease of rents played a positive role for business in general, because it helped tenants to control their costs during a difficult ...

Savills research: German office markets 2009 (DE)

In 2009 approximately 2.0 million m² of office space was leased in the five major German office markets of Berlin, Düsseldorf, Frankfurt, Hamburg and Munich. This corresponds to a reduction of 29% w ...

Prime yields under downward pressure across Europe (EU)

Widespread falls in prime yields were seen across the main European real estate markets in the final quarter of 2009, according to the latest data from CB Richard Ellis. Almost none of the locations c ...

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