News

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News

Lundbeck Italia move into Milan CBD

"Pharmaceutical firm Lundbeck Italia has taken 1,260 sq m (13,562 sq ft) of office space on the sixth floor of Largo Donegani 2, at the junction with Via della Moscova 3, in central Milan. Lundbeck was represented by international real estate advisor Savills."

News

Terrania AG buys six-storey asset in central Düsseldorf

"Terrania AG has acquired a 3,590 sq m (38,642 sq ft) mixed-use property at Liesegangstraße 17/17, in central Düsseldorf The commercial real estate firm has bought the six-storey asset, which is currently almost 100% let, from IVG Institutional Funds GmbH. International real estate advisor Savills obtained the deal."

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News

Munich leads German office take up H111

"According to Savills research Q2 11 take-up in the office markets of Berlin, Dusseldorf, Frankfurt, Hamburg and Munich totalled over 717,000 sq m and exceeded Q1 by 12.5%. Furthermore H111 take up was approximately 1.36 million sq m of office space marking a 13.7% increase compared to the same period of last year."

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News

Retail dominates German investment market in H1 2011

"Savills latest German investment report states that commercial real estate worth approximately €11.03 billion was transacted throughout the first half of 2011 in Germany. Retail dominated with seven out of the ten largest transactions in this sector equating to 51% of the market."

News

Belgium: Goodman to build Duvel's warehouse

"Goodman Group (Goodman or Group) has agreed to develop a 25,547 sq m turnkey warehouse and distribution centre at Puurs, Belgium for Duvel Moortgat, an independent producer of speciality beers such as the premium brands Duvel and Vedett."

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News

Savills advises aik in purchase of the Hague office building

"aik (APO Immobilien-Kapitalanlagegesellschaft mbh) has bought the 4,193 sq m (45,133 sq ft) Gebouw Hofstaete office building at 15-25 Parkstraat, The Hague, advised by international real estate advisor Savills.  The German property investment company acquired the Netherlands asset on behalf of one of its real estate open-ended funds from ING Dutch Office Funds, an unlisted real estate fund managed by ING Real Estate Investment Management Netherlands (ING REIM NL) for approximately €12m."

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News

Green offices become standard as take up triples in Germany

"Savills latest green office bulletin reports that in both leasing and investment market demand for 'green' office space has risen significantly over recent years.  The annual take-up of 'green' office space in the top five German markets (Berlin, Düsseldorf, Frankfurt, Hamburg and Munich) has tripled from approximately 50,000 sq m on average between 2005 and 2008 to 150,000 sq m in 2009/2010."

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