Gramercy’s III fund adds two warehouse assets

Gramercy Europe’s third fund has added two added warehouse assets in Slovakia and the Czech Republic. The two assets were sold with a deal of €50 million. In the first deal, Gramercy Property III acquired 55,472 sqm logistics warehouse in Dunajska Streda from GO ASSET Development and ECE European City Estates. Other transaction, the fund …

Cushman & Wakefield : Europe’s shopping centre space to surpass 160m sqm by the end of 2017

Approximately 8.1 million sqm of new shopping centre space will be added across Europe in H2 2016 and throughout 2017 with operators seeking to add more entertainment elements designed to improve customer experience, according to research from Cushman & Wakefield. The firm’s European Shopping Centre Development Report shows delivery is set to accelerate after a …

Commerz Real reports strong leasing performance in first half of 2016

In the first six months of the year Commerz Real leased out approx. 191,000 square metres. This is some 10,000 square metres more than in the same period of the previous year. Around 70 per cent of this was accounted for by the office sector and ca. 30 per cent by the shopping segment. “We …

Total commercial real estate investment volume reaches €253 bln in Europe

  According to the latest data by BNP Paribas Real Estate, the total commercial real estate investment volume in Europe reached €253 billion in Q1 2016, increased by 8 percent compared to the same period in 2015. Office investment, 45 percent of the total investments, rose by 7 percent to €113 billion in Q 2016. …