January 2011
Savills strengthens Munich Investment team with new duo
January 31, 2011
International real estate advisor Savills has recruited Dr Frank Urfer as director and Dennis Fucek as a senior consultant in its Munich investment department. Both started with Savills in January 2011.
‘New World’ residential markets show high risk high reward compared to ‘Old World’ stability
January 28, 2011
The characteristics, type and quality of a city’s residential stock are a key component of its global competitiveness.
Fully let Nanterre office building sold for €17.4m
January 24, 2011
International real estate advisor Savills advised Harbert Management in the sale of 6,600 sq m (71,041 sq ft) Clémenceau 2 office building at 215 Av George Clémenceau, Nanterre, to HSBC.
Dublin’s Office Market rolls into 2011 on a high
January 20, 2011
Office take up in Dublin increased by 60% in 2010, compared with 2009, to a level which researchers at Savills believe the market can sustain in 2011.
Brussels 2011: five year leases present investor opportunity, EU lettings to dominate leasing
January 18, 2011
Investors will do well to target the three to five year lease market this year, according to international real estate advisor Savills, as opportunities for return on investment arise from rental growth potential at lease break.
Irish investment supply to increase in 2011
January 17, 2011
Supply is expected to increase in the Irish investment market in 2011 as banks, receivers and NAMA seek to initiate the disposal of assets, according to research by international real estate advisor Savills. The year has opened with a pipeline of deals still to close from 2010 and a strong demand from international investors who are seeking prime opportunities.
Old meets new as a digital communications company rents office space in Munich’s listed Art Deco Palais
January 17, 2011
Digital communications company Conrad Caine GmbH has taken office space in the renovated Art Deco Palais building at 56-60 Arnulfstraße, Munich. International real estate advisor Savills acted for the landlord, an international real estate fund, in the letting of 850 sq m (9,149 sq ft) of office space to the digital communications company. Conrad Caine GmbH, who was advised by Schmidt Immobilienhandel GmbH, will move into their new premises on 1 February, 2011.
Savills advises in the purchase of a €160m Paris office portfolio
January 14, 2011
Foncière Paris France (FPF) has bought a 47,000 sq m (505,904 sq ft) office portfolio worth €160 million.
German office markets see 30% rise in lettings
January 12, 2011
• Take-up in the top five markets totalled approx. 2.68 million sq m in 2010 (+31% compared to 2009)• Rents increased in most locations• Vacancy rates are already on the decrease in selected locations
German Residential portfolio transactions see 2011 open with pipeline of deals
January 12, 2011
• 111 residential portfolio transactions comprising a total of 49,500 units• Total transaction volume approx. € 2.9 billion• Approximately half of the number of units purchased by foreign investors
