The growing divergence between rising residential rents on huge unmet demand for homes and falling property values is continuing to widen in Europe’s €1.6 trl housing markets.
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Blackstone's Kereby portfolio including 154 assets located in central Copenhagen has won a DKK 6.8 bn (€910 mln) refinancing.
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Multi Corporation, a European retail management and development company, has announced the appointment of Jörg-Michael Zimmermann as managing director Germany, effective immediately.
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Capman's Hotels II fund has signed an agreement to acquire the Koy Oulun Kuvernööri asset in Oulu city centre, Finland, with the intention of redeveloping the building, currently used as an office, into part of Lapland Hotels Oulu.
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Knight Frank Investment Management (KFIM) has appointed John Styles as Chief Investment Officer (CIO), following Matthew McDonald’s promotion to CEO.
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Belfast City Council has begun the search for a development partner to help deliver £560 mln (€620 mln) worth of multi-site, residential-led, mixed-use developments across the city.
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Global real estate investment management firm, Heitman has expanded its Norwegian student housing platform with the acquisition of two assets, Studinen and SG 28, in Gjøvik. Financial details were not disclosed.
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German investor and asset manager Union Investment said on Friday that is combining its Asset Management Overseas and Asset Management Hospitality units, which operate in global markets. The newly created Asset Management Intercontinental unit covers the office, hotel, logistics and retail use types on a total of four continents.
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Advisor CBRE has announced the acquisition of one of the UK’s largest asset management and development management business, Sovereign Centros, for an undisclosed amount.
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CBRE Investment Management has exchanged contracts to acquire a circa €360 mln residential portfolio in Berlin, Germany, providing circa 1,200 residential apartments. The vendor is Vonovia.
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Three separate jumbo loans - from banks, a new non-bank lender and the debt capital markets - show finance markets are in good health.
