News

"Savills today announces the merger of its Singapore-based Savills Property Management business unit with CKH Strata Management to create an industry leader specialising in the asset, property and facilities management market place."

"With a shortage of student halls places and the suspension of national service in Germany this summer, which is expected to boost student numbers, international real estate advisor Savills believes the student apartment market is ripe for investment for both risk-averse and opportunistic investors."

"The residential portfolios markets continued to improve throughout the second quarter of 2011 with almost 17,500 residential units changing hands during the period from April to June, according to research by international real estate advisor Savills."

"International real estate advisor Savills has advised a French regional fund in the acquisition of two fully let office assets in Wasquehal, north France, for €4.79m."

"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."

"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."

"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."

"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."

"Savills latest research data highlights that Dublin office market activity in the first half of the year is showing a more pronounced split between prime and secondary locations."

"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."