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Princesshay Partnership submits plan for €99.6 mln Exeter’s bus station redevelopment (UK)

The Princesshay Partnership, comprising The Crown Estate and TH Real Estate, has submitted an outline planning application to Exeter City Council for a circa £70 million (approx. €99.6 mln) redevelopment of Exeter’s bus and coach station.
 
The plans include over 180,000 ft² (approx. 16,722 m²) of new restaurants, cafes and shops as well as a new cinema and a substantial new public space in the form of an amphitheatre. The scheme is designed to complement the existing successful retail and leisure offer at Princesshay, which includes leading brands such as Topshop, Topman, River Island, New Look, Apple, Joules and Fat Face, as well as restaurants like Carluccios, Byron and Jamie’s Italian.

 

John Grinnell, speaking on behalf of the Princesshay Partnership said: “As the region’s best shopping and leisure scheme, Princesshay is a fantastic asset for the city and we’re committed to improving it even further, whether that’s by bringing in great new brands and restaurants, or working with the council to regenerate the bus station site.

 

“It’s an extremely complex project and there’s still a long way to go in planning and design terms, but we’re really pleased to submit an outline application, which is an important step in unlocking the true potential of this gateway to Exeter.”

 

The partnership held a public consultation on its initial proposals last November at the former Blue Wing Gallery at Princesshay which saw 76% of people agree that the scheme was a good thing for the city and a majority of respondents welcome the opportunity for an enhanced restaurant and leisure offer.

 

The Partnership’s strategy for Princesshay includes investing to improve public spaces, enhancing the food and beverage offer, and continuing to bring in new high quality retailers to boost the shopping offer.

 

Source: The Crown Estate

The post Princesshay Partnership submits plan for €99.6 mln Exeter’s bus station redevelopment (UK) appeared first on europe-re.


Quelle: europe-re | 30 Jul 2015, 11:47 am


Goodman signs lease with Zarys International Group and starts construction of Gliwice Logistics Centre (PL)

Goodman, a leading global owner, developer and manager of industrial real estate, has commenced development at the new Goodman Gliwice Logistics Centre, with the construction of a 22,500 m² facility. Zarys International Group, a leading producer and distributor of medical devices, will be the first customer at the new logistics centre, leasing 9,100 m² of warehouse and office space at the modern facility. Goodman will construct the remaining 13,400 m² on a speculative basis, with delivery planned for the first quarter of 2016.

 
Zarys will lease 8,600 m² of warehouse space and 500 m² of office space at the new logistics centre, employing more than 100 people for the distribution of its products in Poland and Central & Eastern Europe. The new warehouse will enable Zarys to increase the scale of its operations and achieve further growth in the region.

 
Zarys and other customers at Goodman Gliwice Logistics Centre will take advantage of the technical and operational support of the Goodman property management team. The centre will also be covered by a special investment program designed by Goodman to maintain the facility in top condition.

 
Goodman Gliwice Logistics Centre, with a target lease area of 51,000 m², is located within the Katowice Special Economic Zone, Gliwice Subzone, on national road 88 and has a direct connection to the A1 and A4 motorways. Its excellent road infrastructure provides easy access to the following six European capital cities: Berlin, Bratislava, Prague, Budapest, Vienna, and Warsaw which are within a 600 km radius.

 
Goodman’s newest logistics centre in Gliwice is the Group’s second logistics park in the province of Silesia. Goodman also provides quality warehouse space at the Goodman Sosnowiec Logistics Centre, where a 25,800 m² facility has already been built for the logistics company ILS, a member of the Inter Cars Group.

 

Source: Goodman

The post Goodman signs lease with Zarys International Group and starts construction of Gliwice Logistics Centre (PL) appeared first on europe-re.


Quelle: europe-re | 30 Jul 2015, 11:07 am


Thor Equities and Meyer Bergman complete €14.24 mln redesign of Burlington Arcade, London (UK)

Thor Equities and  London-based  Meyer Bergman have officially unveiled the revamped Burlington Arcade in London with a $15.6 mln (approx. €14.24 mln) restoration of the historic covered street.

 

The 19th century shopping arcade had received new flooring earlier this month designed by British architect Jamie Fobert, who specializes in historic renovations. The Arcade now features beautiful stone floors sourced from English quarries, as well as restored original details including the building’s grand upper arches.

 

“The Burlington Arcade has been heralded as a historic and architectural masterpiece ever since it was first unveiled to great acclaim in 1819,” said Joseph Sitt, CEO of Thor Equities. “With this magnificent redesign, the Arcade will remain a treasured London destination for generations to come.”

 

Renovation work on the arcade has been carried out in phases by Meyer Bergman and Thor Equities since they acquired the property in 2010, including renovations on the ceilings, lighting, and a new art installation. In 2014, the Arcade welcomed a string of Chanel-owned labels including swim and lingerie label Eres, watchmaker Bell & Ross, milliner Maison Michel, and knit label Barrie. They joined a roster of established retailers including Ladurée, Vilebrequin, Harrys of London, Lulu Guinness, and Church’s.

 

The longest covered shopping street in the United Kingdom, the Burlington Arcade unites Piccadilly and Bond Streets in the heart of Mayfair. With approximately 37,000 ft² (approx. 3,437 m²) of retail space and a combined frontage of over 1,100 feet (approx. 335 m), the Arcade attracts over 4 million visitors a year.

 

Source: Thor Equities

The post Thor Equities and Meyer Bergman complete €14.24 mln redesign of Burlington Arcade, London (UK) appeared first on europe-re.


Quelle: europe-re | 30 Jul 2015, 9:20 am


PATRIZIA France acquires office building in Brussels (BE)

PATRIZIA France has acquired a 3,700 m² office building of high environmental qualities (certified BREEAM in use “very good”) in the Léopold district, Brussels´ central business quarter. The building currently accommodates prestigious tenants such as Fly Emirates, Allianz and a Beobank agency. The seller is Banimmo. The purchase price will not be disclosed.

 

PATRIZIA has been following the Belgian market closely for a long time. Bruno Cohen, who together with Silvio Estienne is managing director of PATRIZIA France, says: “Belgium is a mature market, with longer leasing periods compared to France and with business tenants of high quality both from the public and private sectors. Notably a high number of international corporations have set up their European headquarters in Brussels.”

 

Nevertheless, it would be misleading to think that this market is easier to enter than the Parisian market or the rest of France: “This market is very competitive. Therefore, knowing the key players is a requirement”, Silvio Estienne adds.

 

The seller Banimmo is a specialist for heavy renovations and building constructions responding to the best technical criteria and provided with BREEAM or analogue certification. The asset was completely rebuilt and renovated by Banimmo, then leased again. Both parties worked together with a partnership spirit throughout the whole off-market transaction process, from early discussions to closing. Cohen: “Mutual agreements between both parties led to a successful outcome and a willingness to continue working together on future deals.”
 
The Paris-based branch of PATRIZIA is responsible for the French and Belgium market. “We are very satisfied that we were able to secure this acquisition in Brussels. This has proved that our strategy – locally as international is well perceived. Therefore, we are looking forward to all upcoming transactions.”

 

Source: PATRIZIA

The post PATRIZIA France acquires office building in Brussels (BE) appeared first on europe-re.


Quelle: europe-re | 30 Jul 2015, 8:38 am


Valad Europe lets a further 9,000 m² of space at Hamburg Billbrook (DE)

Valad Europe, the leading diversified real estate investment manager, has leased 9,480 m² of industrial space at Kolumbusstraße 16 in Hamburg Billbrook, Germany. The lease was agreed on behalf of its Valad European Income Fund (VEIF).


 
Thordsen Spedition, an international logistics company, has leased more than 50% of the warehouse space at the 18,726 m² building located in Billbrook, the largest industrial zone in Hamburg.

 

The asset is now almost fully let to tenants including Übersee-Spedition Paul Weidlich and Hansa Kombi Transport.
 
Danilo Hunker, Valad Europe’s Head of Asset Management in Germany, commented: “We are delighted to welcome Thordsen back to Kolumbusstraße 16, providing them with warehouse space in Billbrook, close-by to their main premises in Hamburg Hammerbrook.
 
We have had a successful first half of 2015 in Billbrook, with this latest letting forming part of around 16,000 m² of leasing space we have turned over.
 
Valad Europe is one of the major landlords in the Hamburg Billbrook region, managing ten assets, let to 75 tenants.
 
Valad Europe was advised by Hafenmakler Zelle.
 

Source: Valad

The post Valad Europe lets a further 9,000 m² of space at Hamburg Billbrook (DE) appeared first on europe-re.


Quelle: europe-re | 30 Jul 2015, 6:48 am


Drittschutz ist auf das Rücksichtnahmegebot beschränkt!

OVG Sachsen, Beschluss vom 12.02.2015 - 1 B 297/14
Quelle: ibr-online - Hervorzuhebende neue Urteile | 30 Jul 2015, 5:30 am


Sind leer stehende Geschäfte in einem Einkaufszentrum ein Mangel der Mietsache?

OLG Düsseldorf, Beschluss vom 05.06.2014 - 24 U 159/13
Quelle: ibr-online - Hervorzuhebende neue Urteile | 30 Jul 2015, 4:54 am


Wann erfolgt die Klageerhebung "demnächst"?

BGH, Urteil vom 10.07.2015 - V ZR 154/14
Quelle: ibr-online - Hervorzuhebende neue Urteile | 30 Jul 2015, 12:10 am


Mietmängel können durch Urkunde bewiesen werden!

OLG Düsseldorf, Beschluss vom 12.06.2014 - 24 U 119/13
Quelle: ibr-online - Hervorzuhebende neue Urteile | 30 Jul 2015, 12:05 am


Canary Wharf Group receives planning approval for Herzog & de Meuron residential tower (UK)

Canary Wharf Group  announced that Tower Hamlets Council has granted detailed planning permission for a striking residential tower at the estate’s new phase, formerly known as Wood Wharf.

 

The 57-storey building will comprise 468 apartments ranging from studios to large three bedroom family units and is situated in a prominent waterfront location on the edge of South Dock, directly to the east of the existing Canary Wharf estate.

 
Designed by world renowned architects Herzog & de Meuron, the cylindrical residential tower will form a key part of the new residential offering at Canary Wharf. The wider development site will be transformed into a 4.9 million ft² (approx. 45,5225 m²) mixed use, waterside community providing over 3,200 new homes, nearly 2 million ft² of high quality commercial office space, and a further 335,000 ft² (approx. 31,122 m²) of shops, restaurants, school and landscaped parks and walkways.

 

Sir George Iacobescu, Chairman and Chief Executive Officer of Canary Wharf Group plc, said: “We are delighted to have received approval from Tower Hamlets Council to proceed with the latest building in Canary Wharf Group’s extensive pipeline and exciting residential offering. This decision is a major step in the progression of the New Phase, a development that will broaden and extend the Canary Wharf estate, adding to its vibrancy and continually expanding cultural, community and commercial offer.”

 

The permission comes just days after the launch of Canary Wharf Group’s first ever homes, at 10 Park Drive, adjacent to the Herzog & de Meuron tower. A Stanton Williams designed building, 10 Park Drive is a mid-rise 13 storey building adjoining a 42 storey tower, together containing 74 studios, 115 one-bedroom apartments, 141 two-bedroom apartments and 15 three-bedroom apartments.

 

Source: Canary Wharf Group

 

The post Canary Wharf Group receives planning approval for Herzog & de Meuron residential tower (UK) appeared first on europe-re.


Quelle: europe-re | 29 Jul 2015, 10:39 am


Trend: Pflege-WG statt Pflegeheim

Pflege-WGs: Sie bilden eine gute Alternative zum Seniorenwohnheim und finden in Deutschland einen immer größeren Zuspruch.   Viele Deutsche möchten ihren Lebensabend nicht im Seniorenheim verbringen. Sie suchen nach Alternativen. Eine von ihnen ist die sogenannte Pflege-WG. Bei dieser Form … Weiterlesen

Quelle: Immobilien News und Info - Nachrichten rund um Immobilien, Wohnen, Mieten und Kaufen | 29 Jul 2015, 10:00 am


KWE acquires south east office portfolio for €298 mln (UK)

Kennedy Wilson Europe Real Estate Plc an LSE listed property company that invests in direct real estate and real estate loans in Europe, has completed the acquisition of nine south east offices from an entity affiliated with Apollo Global Management LLC. The underlying real estate is valued at £211 mln (approx. €298 mln) at completion, reflecting a yield on cost of 8.0%. The corporate acquisition was funded from the company’s cash resources.

 

The nine modern offices comprise 814,700 ft² (approx. 75,700 m²) of lettable space, generating a day one NOI of £17 mln (approx. €24 mln) from 14 tenants, with 80% of the income coming from very strong covenants, including listed companies and the government. The weighted average unexpired lease term is 5 years (5.4 to expiry) and occupancy by ERV is 98.6%.

 

Significant asset management opportunities include re-gears, extending lease lengths, refurbishments, rental growth from rent reviews, and improving voids with 52% of the current NOI subject to lease events over the next 24 months.

 

Source: Kennedy Wilson Europe Real Estate Plc

The post KWE acquires south east office portfolio for €298 mln (UK) appeared first on europe-re.


Quelle: europe-re | 29 Jul 2015, 9:34 am


INTERNOS sells Euro Office 1 office building in Stockholm for €33 mln (SE)

INTERNOS Global Investors (INTERNOS), the owner-managed, pan-European real estate fund management firm with €3.5 bln of assets under management, has disposed of an office building in Stockholm to Mengus Twelve AB, on behalf of the EURO OFFICE 1 fund. Mengus Twelve AB, a property holding company of Mengus Stockholm 2011 AB, a fund specialising in value add real estate investments in the greater Stockholm area, has bought the asset for 310 mln SEK (ca. €33.2 mln).

 

The property, constructed in 2002, is a seven-storey office building with a total lettable area of 10,141 m². It is situated at Råsundavägen 18-20, in the Solna submarket of Stockholm. This location is particularly popular with life science, wholesale/retail and transport companies.

 

The vendor was advised by CBRE and Setterwalls on this transaction and Sweco and Roschier acted for the purchaser.

 

Euro Office 1, launched in 2003, has a low-risk core investment strategy, concentrating on the leading economies in the Eurozone and Scandinavia. The fund has a total of around €127 mln assets under management. Following this disposal, the portfolio now comprises six properties situated in Germany, France, the Netherlands, and Portugal.

 

Source: INTERNOS

The post INTERNOS sells Euro Office 1 office building in Stockholm for €33 mln (SE) appeared first on europe-re.


Quelle: europe-re | 29 Jul 2015, 9:24 am


British Land sells 39 Victoria Street for €203 mln (UK)

British Land announces that it has exchanged contracts for the sale of 39 Victoria Street, SW1 to Singaporean property company Ho Bee Land for a gross purchase price of £144 mln (approx. €203.4 mln). Ho Bee Land is quoted on the mainboard of the Singapore Exchange and owns assets in London including 1 St Martin’s Le Grand, 60 St Martin’s Lane, and Rose Court.

 
39 Victoria Street is a 10 storey office building, totalling 98,000 ft² (approx. 9,100 m²) including retail space on the ground floor. It was acquired by British Land in 2009 for £40 mln (€56.5 mln) and was substantially refurbished in 2013. It is let in its entirety to The Corporate Officer of The House of Commons until September 2029 with a break in July 2026 at a total rent of approx. £6 mln (approx. €8.5 mln) per annum.

 

Mayer Brown and Knight Frank acted for British Land.

 

Source: British Land

The post British Land sells 39 Victoria Street for €203 mln (UK) appeared first on europe-re.


Quelle: europe-re | 29 Jul 2015, 9:18 am


UNICEF to move into 6,100 m² office complex in Budapest (HU)

SEB Asset Management has signed a 15-year lease with the Hungarian government for 6,100 m² of space in the Central Udvar office building at Wesselenyi Street 16 in Budapest. The government will make the space available exclusively to the United Nations Children’s Fund (UNICEF). UNICEF is planning to set up a new Global Shared Services Centre in the building, bundling a large part of its global financial and human resources activities.

 

Around 350 employees will provide a variety of administrative services such as invoice processing and IT services for all UNICEF offices worldwide from Budapest.

 

This leasing success means that SEB Asset Management has signed the largest new lease on the Budapest market in the year to date. AddVal and DTZ acted as leasing agents. AddVal played a leading role in supporting SEB Asset Management during the lease negotiations and was also responsible for planning the rental space and the office fittings.

 

The four-building complex is in a prominent location in the middle of Budapest’s historic old town and has around 16,600 m² of rental space. In 2013, one of the four office buildings was converted into a high-quality hostel, since it had been standing vacant. SEB Asset Management signed a ten-year lease with the operator Maverick Hostel for the 1,370 m² of rental space in September 2013.

 

After a major tenant moved out of the office complex last year, the building underwent extensive modernisation. Among other things, structural alterations were made to the inner courtyards and the entrance halls and a new facade was added. Following this, the building was repositioned on the market under the name “Central Udvar”, a move that has been highly successful.

 

 

The property will be over 90% let once UNICEF moves in. Other new tenants include well-known companies such as GfK, the economic research company, and advertising agency McCann Erickson, who in total account for over 2,000 m² of space.

 

Source: SEB Asset Management

The post UNICEF to move into 6,100 m² office complex in Budapest (HU) appeared first on europe-re.


Quelle: europe-re | 29 Jul 2015, 7:16 am


Abgängige Bausubstanz genießt keinen eigentumsrechtlichen Bestandsschutz!

OVG Rheinland-Pfalz, Beschluss vom 21.07.2015 - 8 A 10516/15
Quelle: ibr-online - Hervorzuhebende neue Urteile | 29 Jul 2015, 5:30 am


Grundstückswert kann nach Ertragswertmethode ermittelt werden!

OLG München, Beschluss vom 17.06.2015 - 34 Wx 61/15
Quelle: ibr-online - Hervorzuhebende neue Urteile | 29 Jul 2015, 4:20 am


Verkäufer soll Bereitschaft zur Mängelbesserung erklären: Kein ordnungsgemäßes Nacherfüllungsverlangen!

BGH, Urteil vom 01.07.2015 - VIII ZR 226/14
Quelle: ibr-online - Hervorzuhebende neue Urteile | 29 Jul 2015, 2:23 am


Mangelnde Sachkunde und Sorgfalt sind keine Befangenheitsgründe!

OLG Hamm, Beschluss vom 07.04.2015 - 1 W 1/15
Quelle: ibr-online - Hervorzuhebende neue Urteile | 29 Jul 2015, 12:43 am


"Obsiegen" im selbständigen Beweisverfahren möglich!

OLG Dresden, Beschluss vom 05.01.2015 - 10 W 977/14
Quelle: ibr-online - Hervorzuhebende neue Urteile | 29 Jul 2015, 12:10 am

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