The Luxembourg-based global investment group Flacks has paid £1m for a neglected German airfield it hopes to transform into an “emergency airport” and cargo hub. Cottbus Drewitz airfield is 50 miles east of Berlin and, because of its remote... Read More
Czech commercial property investment increased by 4 per cent per year to €268m in the first quarter of the year, according to property consulting company DTZ. Full-year investments are projected to exceed €1bn. Investment in office space made up... Read More
IM Properties has sold a number of its German logistics properties to the multi-let investment management company Valad Europe for more than £21m. The sale follows the company’s recent unloading of a near-100,000sq metre Munich logistics facility to... Read More
For the first time since the 1950s Cuban revolution foreign individuals and companies will soon be allowed to own and take full control of the country’s commercial property. Under a new law passed by the National Assembly, and due to come into effect... Read More
Blackstone — which already claims to be the world’s biggest property owner — has agreed to pay Ireland’s National Asset Management Agency €1.1bn (£904m) for a loan portfolio once controlled by developer Michael O’Flynn. Known as the... Read More
A Manchester-based developer has opened a London office in a bid to generate interest and attract more investors to the region. Real Estate Developments (RED) will also use its new branch to target deals in the capital. “A lot of the bigger funding... Read More
Commercial real estate is increasingly regaining its popularity among investors. These investors have been able to create wealth by finding quality properties where they can generate a high level of returns. For those who are new to commercial real... Read More
Increasing investment in UK commercial property is expected to push prices higher throughout 2014. London will continue to be the focus of interest, particularly in the case of overseas investors, but the regional markets will also benefit as investors look... Read More
There was a sharp rise in investment in Swedish commercial property during Q1 of 2014, according to Savills, with the latest figures showing a 55 per cent increase on the same period last year. The international real estate advisor has also recorded a... Read More
Development Securities has acquired The Mall Shopping Centre in Armagh, Northern Ireland for £7.4 million. The Mall was first built in 1998, and since then has grown in prestige with the result that it now generates a net operating income of £748,000 per... Read More
