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Property markets in world's leading cities suffer fall in demand as office rents drop

The world's leading centers have suffered an unprecedented fall in demand for office space which has contributed to the first aggregated global fall in prime office rents since 2003. Global real estat ...

IBM and Johnson Controls join forces to make buildings smarter

IBM and Johnson Controls announced a new relationship to create a new era of smarter buildings. Together, the companies will team to provide a Smart Building Solution that can improve operations and r ...

Kempinski Hotel River Park in Bratislava opens in spring 2010 (SK)

The Kempinski Hotel River Park, beautifully located on the banks of the Danube river in Bratislava, will soon be opened. The luxury 5-star hotel is part of the Riverside development, a major inner-cit ...

Barcelona offices to see further activity following a doubling of take up in Q4-09 (ES)

Barcelona's office market will see further growth in lettings activity in 2010 following a take up in Q4-09 that was double that of the previous quarter. According to international real estate advisor ...

Brand Empire to bring new Spanish fashion parade to the UK (UK)

Land Securities, through its subsidiary Brand Empire, has announced today that it has agreed terms with Grupo Cortefiel, one of Spain's largest and leading fashion retailers, to bring three of its cor ...

UK institutions return as investment in regional business space jumps 19% (UK)

Annual investment in regional offices and industrial space jumped 19% in 2009 to stand at £4.759 bln. (approx. €5.423 bln.), buoyed by the return of UK institutions, according to Cushman & Wakef ...

Moodys/REAL All Property Type Aggregate Index measures 4.1% increase in December (US)

The Moody's/REAL All Property Type Aggregate Index measured a 4.1% increase in commercial real estate prices in December 2009. This marks two consecutive months of price gains, and is the largest mont ...

MGPA winds up 1999 vintage Fund

MGPA, the private equity real estate investment advisory company, announced that it wound up its Global Fund I, an opportunistic $480 million (approx. €352.8 mln.) global fund which delivered strong ...

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