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Financial tenants may be back in Luxembourg but office vacancy rates set to rise (LU)

Banking and financial tenants maintained a strong level of demand accounting for 25% of Luxembourg's lettings market during 2009. According to international real estate advisor Savills these tenants, ...

Aberdeen acquires office and retail building in Turku from REDEVCO (FI)

Aberdeen European Balanced Property Fund has acquired the Turun Sampotalo property from REDEVCO. Sampotalo is a prime landmark building located along the principal shopping street in Turku CBD, Finlan ...

US and Japan to lead pick up in distressed properties

The US and Japan are set to see the biggest rise in distressed sales in the first quarter of 2010, says RICS research published on the 1st of March 2010. Real estate professionals expect the number of ...

Savills concludes €62.6 million Sydney CBD office sale (AU)

Savills Australia, on behalf of the Morgan Stanley Real Estate-backed Investa Property Group, has sold a 50% stake in a Sydney CBD office tower 60 Martin Place for AUD$95 million (approx. €62.64 mln. ...

Multi Development in the Netherlands to sharpen focus on retail (NL)

Multi is going to improve its focus on only developing multi-functional shopping centers and inner-city revitalization projects with retail at their heart.To assist this strategy Multi has sold its of ...

AM alpha GmbH completes €150 million acquisition of prime commercial building in Shanghai (CN)

AM alpha GmbH announced that it successfully completed the purchase of Tianchen Rose Plaza for an estimated €150 million. The transaction was advised and negotiated by AM alpha (Singapore) Pte. Ltd., ...

Lease renewals rise as tenant friendly market continues (NL)

According to Savills, lease renewals accounted for 32% of the Dutch office leasing markets in Amsterdam, Rotterdam, Utrecht and The Hague in 2009, compared to 14% in 2008. The international real esta ...

Cities see green and brown at MIPIM (FR)

Remodelling brownfield sites and integrating sustainability into urban development strategies, will be two of the key issues discussed by city administrators and real estate executives during MIPIM 20 ...

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