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Articles

Olympia Tower 95 percent let

Olympia Tower has reached an agreement with what it calls an “important retailer” which will be leasing 1,100 sqm of office space, leaving just 5 percent of the building available for tenants.

European retail property investment activity resilient

Evidence of broadening investor demand towards better quality secondary assets in core markets European retail property investment activity jumped to €13.5 billion in the fourth quarter of 2012 (Q4 2012) - a 50% increase on the three-year quarterly average of €9.0 billion and an impressive 90% change from Q3 2012, according to the latest research by global property advisor CBRE Group, Inc. (CBRE).

NEPI to acquire Bucharest’s Lakeview building from Dinu Patriciu Global Services and AIG Lincoln

The value of the 24,000 sqm building can be estimated at around €70m.

Outlook for European Property in 2013

The ECB’s commitment to unlimited bond purchases, where necessary, in the euro periphery has calmed sovereign debt markets and helped underpin some signs of improvement in market sentiment and business confidence at the start of 2013.

European Retail Investment Sees Strongest Quarter Since 2007

European retail investment saw a record quarter in Q4 2012, with activity increasing to €13.5 billion, 50% up on quarterly average over the last three years.

Billion-forint investment in Alkotás Point - Change of owner, complete rejuvenation of award-winning office building

The new owner of Alkotás Point is investing the record sum of almost HUF 1 billion in a series of major development projects in 2012 and 2013. The Chicago-based investment manager Heitman, which purchased the office building last January thru its Hetiman European Property Partners IV fund (HEPP IV), has forged ahead with the building’s reconstruction and the incorporation of environmentally friendly solutions despite the economic crisis. The improvements to this complex of buildings, also known as the western gateway of Budapest, will continue in 2013.

Prologis Forms €2.4 Billion Joint Venture with Norges Bank Investment Management in Europe

New Venture Seeded with 4.5 Million Square Metre Prologis Class-A Portfolio; Completes European Recapitalization Ahead of Schedule Prologis, Inc., the leading global owner, operator and developer of industrial real estate, today announced the signing of a definitive agreement to form Prologis European Logistics Partners Sàrl, a euro-denominated joint venture. The venture will acquire a portfolio of high-quality distribution facilities wholly owned by Prologis in 11 target European global markets.

AFI Europe posts €19.1m in revenues for first nine months

AFI Europe brought in €19.1m in rent from AFI Palace Cotroceni for first nine months of 2012, an increase of 10 percent compared with the same period last year.
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