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European office market vacancy rates drops to lowest level in seven years (EU)

According to international real estate advisor Savills the average vacancy rate for the European office market was 9.37% in Q1 2015, which is the lowest level recorded since 2009. The firm predicts v ...

Castellum starts €23 mln office project in Gothenburg (SE)

Castellum AB has, through its wholly owned subsidiary Eklandia Fastighets AB, started a new construction of a high quality office building "Blenda" in the middle of the international engineering clust ...

pbb finances €58 mln for construction of new office in Wiesbaden (DE)

pbb Deutsche Pfandbriefbank has provided IFM Immobilien Group with financing of €58 mln for construction on an area of land known as Kureck in Wiesbaden. In the first phase of the project ...

Partners Group embarks on €283 mln office development in London (UK)

Partners Group, the global private markets investment manager, is developing a Grade A office building at 80 Fenchurch Street in the City of London on behalf of its clients. Its joint venture developm ...

Union Investment enters the Irish market by acquiring an office complex in Dublin (IE)

Union Investment Real Estate GmbH has acquired the 4 + 5 Grand Canal Square office complex in Dublin for around €230 mln. Comprising two buildings with a total area of some 23,300 m², the property ...

Axiare Patrimonio invests €49 mln in Grade A office buildings (ES)

The Socimi Axiare Patrimonio has completed the acquisition of an office complex in Madrid, comprised of two identical office buildings, brokered by BNP Paribas, for a price of €49 mln. Th ...

WING to build Telekom Group’s new headquarters (HU)

WING Group and Magyar Telekom signed an agreement for the construction and long-term lease of the Telekom Group’s new 55,000 m² headquarters building in Budapest. The new building, a sta ...

WELPUT makes first City of London acquisition with Bury House purchase (UK)

West End of London Property Unit Trust (WELPUT) has purchased the freehold of Bury House, 31 Bury Street EC3, from Aberdeen Asset Management for £22.9 mln (€32.1 mln). WELPUT is managed by Schroder ...

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