News from 03/06/2007
Bayernareal Immobilien GmbH & Co KG has sold the Nibelungen Passage, a shopping center in Passau, to the British investment company Merchant Place.
KG Allgemeine Leasing (KGAL) invests in the European property market through an umbrella fund.
Frankfurt: Agents see highest rents for offices at €37/m²
Office vacancy in Frankfurt's downtown, plus Eschborn and Kaiserlei, remains unchanged at 1,980,000 m², reports the firm of agents Colliers Schön & Lopez Schmitt. For 2007, the firm expects a rise in prime rents to €37.00/m² and a marginal reduction in the level of vacancies.
Fortress Deutschland denies reports that Gagfah is interested in taking over Deutsche Annington.