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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 ...

CORESTATE Capital AG to turn around 4,700 apartments in Germany (DE)

BGP Investment s.à r.l. (BGP) and CORESTATE Capital AG, Zug (CORESTATE) have entered into a comprehensive agreement in respect of approx. 4,700 apartments located predominantly in Western Germany. Th ...

Citycon launches construction of Myllypuro shopping center (FI)

Citycon Oyj will build a new shopping centre in Myllypuro, Helsinki. In addition, 255 rented and right-of-residence apartments, all privately financed, will be built in conjunction with the shopping c ...

Deutsche Bank leases office space in Moscow's business center NordStar Tower (RU)

Deutsche Bank and DS Development (Group of Companies DON-STROY) announced closure of one of the largest deals on the office real estate market of 2009. The Deutsche Bank leased more than 7,000 m² of ...

WGF AG purchases 1,187 homes from Pirelli Real Estate for €56 million (DE)

WGF Westfälische Grundbesitz und Finanzverwaltung AG has acquired a real estate portfolio with a transaction volume of around €56 million containing 1,187 residential units from Pirelli Real Estate. ...

Sale of 39 office properties by ING REIM Netherlands (NL)

On behalf of ING Real Estate Office Fund of The Netherlands (REOFN), ING Real Estate Investment Management (ING REIM) has sold a portfolio of 39 office properties (comprising about 209,000 m² of offi ...

HOCHTIEF Projektentwicklung sells maxCologne on Colognes Kennedy-Ufer (DE)

HOCHTIEF Projektentwicklung has already sold the Cologne property maxCologne to HIH Hamburgische Immobilien Handlung prior to the start of construction. The project has been purchased for an instituti ...

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