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Articles

MIPIM -THE LEADING REAL ESTATE EVENT FOR PROPERTY PROFESSIONALS

MIPIM , the world’s property market, brings together the most influential players from all international property sectors - office, residential, retail, healthcare, sport, logistics and industrial - offering unrivalled access to the greatest number of development projects and sources of capital worldwide. 12-15 MARCH 2013 Palais des festivals, Cannes, France

Bucharest, Europe’s least expensive office space market in 2013 too

This year, too, Bucharest is the European capital with the lowest-priced market in terms of office space rentals, Budapest is second-lowest, followed by Talin, Vilnius and Riga, according to a DTZ study which examined 34 real estate markets across Europe, according to Hotnews.

Signs of life from land market

Colliers International says a trio of recent land deals in the Aviatiei area suggests strengthening developer interest.

Olympia Tower 95 percent let

Olympia Tower has reached an agreement with what it calls an “important retailer” which will be leasing 1,100 sqm of office space, leaving just 5 percent of the building available for tenants.

European retail property investment activity resilient

Evidence of broadening investor demand towards better quality secondary assets in core markets European retail property investment activity jumped to €13.5 billion in the fourth quarter of 2012 (Q4 2012) - a 50% increase on the three-year quarterly average of €9.0 billion and an impressive 90% change from Q3 2012, according to the latest research by global property advisor CBRE Group, Inc. (CBRE).

NEPI to acquire Bucharest’s Lakeview building from Dinu Patriciu Global Services and AIG Lincoln

The value of the 24,000 sqm building can be estimated at around €70m.

Outlook for European Property in 2013

The ECB’s commitment to unlimited bond purchases, where necessary, in the euro periphery has calmed sovereign debt markets and helped underpin some signs of improvement in market sentiment and business confidence at the start of 2013.

European Retail Investment Sees Strongest Quarter Since 2007

European retail investment saw a record quarter in Q4 2012, with activity increasing to €13.5 billion, 50% up on quarterly average over the last three years.

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Alexandra Filip

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