Commercial real estate transactions in Romania are almost nowhere to be seen. CB Richard Ellis reports two first-half deals were valued at EUR 55 million ($70.3 million U.S.) That valuation was the lowest in Romania in the past six years.
The Rezidor Hotel Group, one of the bigger hospitality companies in Europe and MENA markets, continues to grow stronger roots in the emerging markets. According to its recently reported second quarter results, the Rezidor Hotel Group opened five hotels (1,300 rooms) and signed 10 more hotels (2,300 rooms), outpacing its previous year's quarterly results. Overall, the company has now opened nine new hotels for the first six months of the year, accounting for 2,300 rooms and added 16 others or 3,700 rooms.
According to Jones Lang LaSalle European Office Index, Europe is now recording slight reductions in office rents for the first time since Q4 2009.
According to STR Global, the European hotel industry posted positive results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for November 2011.
Global office markets will undergo a slow recovery, with several key markets poised to see growth continue through 2012 and 2013.
Boscolo Palace Roma (Rome, Italy) Autograph Collection, Marriott International's fastest growing brand, recently announced that six luxury Boscolo Hotels in Europe will join the collection.Last year, Marriott International launched Autograph Collection, a group of exceptional independent luxury hotels, each hand-selected...
According to a new series of reports by STR and STR Global, the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for April 2011.
According to STR and STR Global, the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for January 2011. The Americas region ended January with a 5.6-percent increase in occupancy to 48.2 percent,
Most real estate markets throughout Europe this year will be hurting, according to a new joint report by associates of accounting firm PricewaterhouseCooper and the Urban Land Institute.
The German real estate unit of Frankfurt-based Allianz SE (ALV.XE), Europe's largest insurer by premium income, is buying 80 retail outlets in southern Germany owned by Aldi Immobilien KG in a multi-million-dollar leaseback deal aimed at diversifying its investment portfolio.
According to data compiled by Smith Travel Research (STR) and STR Global, the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for July 2010. The region's occupancy rose 6.9 percent to 67.9 percent,
Office vacancy rates are "very high" in both Budapest and Gyor, reports London-based Companiesandmarkets.com and OfficialWire. New office space is not being absorbed, as tenants tend to prefer to renegotiate existing leases rather than to move.
Despite troubled balance sheets in at least half of the countries in the European Union, Cushman & Wakefield sees nothing but solid progress ahead for their economic and their real estate markets.According to Cushman & Wakefield's new European Economic Pulse,...
Tim O'Sullivan (MOSCOW, RUSSIA) -- The volume of real estate investments in Central and Eastern Europe in 2009 amounted to EUR2.5 billion, which accounted for only 3.5% in the total European investment volume, said recently head of investment department of...