Union Investment has sold the West-Park office building in Zurich, on behalf of the UniImmo: Global fund, to Swiss real estate company PSP Real Estate
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Belgian regulated real estate company Cofinimmo has divested the Loi/Wetstraat 57 office building in the Central Business District (CBD) of Brussels for €36 mln.
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Moody’s has downgraded the debt of landlord Canary Wharf Group warning that the company faces a ‘difficult operating and funding environment’ for at least the next year.
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Unibail-Rodamco-Westfield (URW) has completed the sale of the ‘V’ office building in Versailles, France, for €95 mln.
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Romania’s Iulius Group has announced it is investing €40 mln in a class A office building in the Palas Iasi mixed-use urban regeneration project in the northeastern city of Iasi.
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French fund manager Amundi has reportedly hired agent JLL to market a €2.5 bn European office portfolio.
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CDC Investissement Immobilier has joined forces with FOM Real Estate to make its first acquisition in Germany with the purchase of an office building located in the centre of Munich.
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A joint venture between Swedish real estate company Europi Property Group, the Arié family office and Kefren Capital Real Estate has acquired its second office building in Barcelona.
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Working from the office in the US has lost its appeal for many, leading to questions over the future of the asset class. Robin Marriott reports. (long form article)
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S&P Global Ratings has published a report that attempts to predict where stresses might occur when it comes to €6.4 bn of securitised instruments backed by offices in the region, mainly in London.
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Portugal’s Solyd Property Developers is investing €75 mln in a new residential project in the Greater Lisbon area.
