Meike Tomlinson’s Post

S IMMO AG has concluded contracts to sell a large #portfolio consisting of 18 #German #commercial and one #residential property with a total property #transaction value of EUR 255 mln through separate share and #asset deals. This corresponds to a discount of roughly 9.5 pct on the book values as of 31 December 2023, which is primarily due to the fact that this is a portfolio deal. The properties are located in Berlin, Erfurt, Halle, Hamburg, Leipzig, Potsdam and Rostock and comprise a total of around 145,000 sqm of lettable space. The sale will be carried out in several stages, some transactions will be completed in the near future, the closing of the last sales is expected in autumn 2024. The potential transaction is in line with the strategy of gradually withdrawing from the German market.

Dear IRELS subscribers, 📊📢 We are pleased to share the latest report conducted by AXI IMMO Group about the Polish Industrial Market for the 1st half of 2024.  Renata Osiecka analyses:  “Despite a slower consumer recovery and a reduction in output, Poland’s industrial market will grow gradually in the second half of 2024. Extending leases in current locations will continue, although client development will be selective. We expect the end of 2024 to offer even greater optimism on the take up front. On the supply side, we anticipate that developers would choose projects with pre-leases over speculative space. On the other hand, ongoing due diligence processes point to increased transactions in the investment sector in the coming quarters.”   👇 To discover more about the Polish Industrial Market download the full report : https://lnkd.in/d3454RS8 #Poland #Logistics #Warehouses 📣For more information on the industrial and logistics european property market, follow the IRELS Linkedin page and don't hesitate to contact the network members. Jean-François Mounic Laurent SABATUCCI François Rispe Francois-Xavier Lancel Germán Sanza de Gracia MRICS Andrew Smith FRICS SIOR MBA Tyler Smith Bart-Jan Luijk Robert Tiemens Renata Osiecka Joanna Kowalewska Christophe L. Wuyts MRICS SIOR Bruno Guandalini

Friday, March 22 #Warsaw #Poland MRP Studio - This week Coffee with Craig Show SPONSORED by AXI IMMO Group, Renata Osiecka - daily CRE news covering the CEE/SEE/Baltics region with Craig Smith and Winston Norman VIEW our exclusive interview with Renata Osiecka MD & Founder of AXI IMMO Group for expert advice you can trust - https://lnkd.in/d7JmWGzn -- Publications 2024 - CEE/SEE Investment GUIDE – OCTOBER – EXPO REAL (Messe München) - CEE/SEE Retail Guide - November - MAPIC World --- EVENTS 2024 EuropaProperty Events –2024 April 17 “SEE Real Estate Awards” (#Bucharest) May 23, “Baltic Real Estate Awards” (#SOPOT, #Poland) October 15, CRE Awards (#Budapest) October 24, CEE Investment Awards (#Warsaw) ———-NEWS——- - S IMMO AG has signed the contract to sell the #Zagrebtower to the Splitska banka - OTP Group. The office building comprises a total net area of almost 26,000 m² and has a BREEAM Official International In-Use Excellent certificate. The transaction is expected to close in the third quarter of 2024, subject to the necessary regulatory approvals. Tomas Salajka, member of S IMMO's Management Board, comments: "We are pleased with this successful sale, which creates liquidity for investments in other core markets of S IMMO." - Development Financing for #Vilharia, a modern office complex in #Ljubljana was arranged by Erste Group, with Banka Sparkasse d.d., #Slovenia and EXIMBANKA SR as participating lenders. As one of the largest commercial loans in Ljubljana, it demonstrates the growing focus of the financial sector on #ESG-compliant, sustainable projects. Robert Mitterpach, CFO CORWIN. Guenther Artner, Head of Erste Group Commercial Real Estate. Ing.Rastislav Podhorec, MBA, General Director of EXIMBANKA SR. Bojana Novak, Member of the Management Board of Banka Sparkasse. - The British law firm Clyde & Co has commenced operations in #Poland and established its office in the V Tower building at Chmielna Street in Warsaw. The law firm has already acquired space on the 10th floor of the building, which Cornerstone Investment Management is renovating. Arkadiusz Krasnodebski, Managing Partner at Clyde Krasnodębski & Partners.  Przemysław Pikus, Partner at Cornerstone Investment Management. - The expansion of Turawa Park has now entered the construction phase, with the handover to the general contractor. The project has a total investment budget of €5.5 million. Focus Estate Fund the owner of Turawa Park announced the signing of four lease agreements, representing about 61 percent of the Gross Leasable Area (GLA). In support of this project, Focus Estate Fund has secured financing through a credit facility provided by BNP Paribas Bank Polska. Maxim Shkolnik, General Partner of Focus Estate Fund, Fabrice Paumelle, Head of Retail BNP Paribas Real Estate Poland. #realestate #retail #investment #realestateevent #realestatenews #coffee #events #management #office #warehouse #retailawards #ceo

German Real Estate Headlines Monument Morning Briefing - 23 April 2024 - 'Pfandbriefbanks expect further price declines of up to 10%' - Association of German Pfandbrief Banks - 'DFB to sell significant properties in Frankfurt to consolidate budget for Niederrad campus' - DFB - 'French CDC Investissement acquires 49% stake in Berlin portfolio from Covivio' - CDC Investissement Immobilier - 'Avison Young sees potential in Berlin's office market' - Avison Young - 'Accentro Real Estate faces delay in presenting 2023 financial statements' - ACCENTRO Real Estate - 'Groß & Partner plans to issue new €50M bond with 10% interest rate' - Groß & Partner Grundstücksentwicklungsgesellschaft mbH - 'Strabag PFS to manage over 400 HypoVereinsbank properties' - STRABAG Property and Facility Services Group (STRABAG PFS) - 'Metroloq to expand commercial parks in the Cologne area' - Metroloq Unternehmerparks - 'Watzl Group acquires and restructures Albert Grimm furniture store in Göppingen' - WATZL Group GmbH - 'CDT Strahleninstitut leases 5,000 m² in medical center in Cologne' - Strahleninstitut CDT

Factors to consider when thinking about a buy to let investment in the UK include location, rental yield potential, property condition, and market trends. Understanding the local rental market and economic stability can help make an informed decision. Brokers play a pivotal role in helping with these decisions. #BuyToLet #UKPropertyInvestment

Monument Daily Briefing - 27 November 2024 German Real Estate News - 'Aroundtown records sales of €630 million, exceeding book value by 2%' - Aroundtown - 'Scantum DW launches a €400 million logistics fund targeting institutional investors' - Scantum DW - 'Catella combines Berlin and Munich entities to form Catella Investment Management' - Catella - 'Ten Brinke sells 122-unit residential project in Spandau to Degewo' - Ten Brinke - 'Development plan approved for the Glashütten-Quartier in Kerpen' - DLE Land Development - 'Spanish investor Healthcare Activos enters German market with nursing home acquisition in Erdmannhausen' - Healthcare Activos - 'Eschborn signs lease for temporary town hall with Euramco' - City of Eschborn - 'Optimism returns to the German residential investment market, with a shift in market expectations towards price increases' - Schick Immobilien - 'Institutional investors show increased focus on residential properties' - Real Blue - 'Volkswagen Commercial Vehicles sells "Telemoritz" tower in Hannover for residential development to investor Oliver Blume' - Volkswagen Commercial Vehicles powered by TV Squared

📍 Some #industrial #sales #transactions in #Monterrey have exceeded 💲1,000 per square meter. 🔍 This situation is not only related to the scarcity of available spaces, the quality and the location of the properties, the limited access to land, or the rise in construction and land costs. It also implies demand, investment level, and drive in key sectors such as #manufacturing 🏭 and #consumer #goods 🛒. These factors demonstrate how the local economy adapts and innovates, responding to global trends 🌐 and reinforcing its position as a crucial hub for advanced industry and technological development 🚀. Read more 👉 https://lnkd.in/d8mCDcNu #realestate #CRE #SiiLA #Mexico 

Is Melbourne the next city to invest in? Analysis of 10,000+ Ray White auctions reveals that the Gold Coast and Brisbane remain the go to cities for investors, with the Gold Coast seeing a jump to 33.7% investor activity. Brisbane follows closely at 27.3%, solidifying Queensland's position as a property hotspot. However, Melbourne is showing promise, interstate buyer numbers have nearly doubled to 5.8%. Despite challenges, its long-term potential and strong market history continue to attract attention. Click here to find out more: https://ow.ly/GMVY50Ugr1X

Should I hold or sell this Parma flip? 🤔 It's a tough call, especially with a recent comp selling for more than expected. 💰 Weighing my options between a short-term rental or a quick flip. What would you do? 🤷♂️ #realestate #houseflip #rentalproperty #realestateinvesting #investing #parmaohio #decisiontime

With so many buildings in and on the fringe of the Kuala Lumpur CBD experiencing record (and unprecedented) vacancy rates, ultimately, purely on a demand and supply basis will we ever see realistic pricing like this? This can't be in Kuala Lumpur alone, the same would apply in many other cities worldwide. The longer you hold onto an aged building, especially when there are so many modern designed, technologically advanced, and pillarless alternatives, the higher the possibility of it remaining empty and eventually valuations will decline so that won't justify. Especially when it would be challenging - with low occupancy and hence low rental income - to sustain servicing of loans and other commitments. So when will "scrap value" buildings start coming to market?