News

"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."

"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."

"Foncière Paris France (FPF) has bought a 47,000 sq m (505,904 sq ft) office portfolio worth €160 million."

"• 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"

"• 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"

"International real estate advisor Savills has strengthened its property management team in Paris with the appointment of David Dintilhac, who has 12 years experience in assets and property management."

"Due to flourishing business German vehicle breakdown and accident service assistance partner GmbH & Co. KG has taken office space at 368 Landsberger Straße in München-Laim."

"APO Immobilien-Kapitalanlagegesellschaft mbH (aik) has bought 3,644 sq m (11,955 sq ft) office building Acacia in Rotterdam on behalf of Immobilien-Sondervermögen apoReal International for € 9.7mio."

"A drop in market rental values has spurred a 60% upturn in lettings in Dublin’s industrial sector in the last year, with new tenants entering the market and others relocating, according to international real estate advisor Savills."

"Footwear retailer LLOYD Shoes Retail GmbH has rented approximately 200 sq m (2152.78 sq ft) of retail space in Hamburg’s busy shopping hub, Jungfernstieg 7."