CBRE advised Union Investment Real Estate GmbH on the acquisition of a majority shareholding stake of the most prestigious asset in the Czech market, Palladium, from a company managed by the German investment manager Hannover Leasing, Pullach. The transaction is the largest property deal ever recorded in the Czech Republic.
CBRE Group, Inc. (NYSE:CBG) today announced that The Lipsey Company has named CBRE the top global brand in commercial real estate for the 14th consecutive year. Lipsey, a training and professional development firm specializing in commercial real estate, has surveyed commercial real estate professionals on their perceptions of the industry’s leading brands since 2001.
CBRE, the leading commercial real estate advisor, has been awarded “CEE Retail Agency of the Year” at the 7th Europaproperty Central & Eastern Europe Retail Real Estate Awards Gala, in Warsaw on Feb 12th, 2015. The EuropaProperty awards are decided by a jury comprising over 45 retail experts across the whole of Europe, including prominent developers, investors and retailers.
CBRE announced a new appointment to strengthen its Valuation Team in Hungary. Krisztina Leiszter joins the firm as Senior Valuer from February 2015. She brings more than a decade of professional experience to the Budapest team of the world's leading property adviser.
Commercial real estate investment in Central & Eastern Europe (excluding Russia) rose 28% year-on-year and reached just over €7.7 billion in 2014 according to the latest research from CBRE. Poland retained its leading position, with investment volume close to €3.1 billion for the 12 months to 31 December 2014, a similar level to that of the last four years. An additional €2.3 billion was traded in Russia, compared to €5.3 billion in 2013.
Three of Five Priciest Markets are in Asia, five of 10 Fastest Growing Occupancy Cost Markets are in U.S. London’s West End remained the world’s highest-priced office market but Asia continued to dominate the world’s most expensive office locations, accounting for three of the top five markets, according to CBRE Research’s semi-annual Global Prime Office Occupancy Costs survey.
CBRE Hungary, the local affiliate of the world’s largest property advisor signed a long term lease contract in one of the most prestigious office buildings in Budapest. The company will move its head office to Eiffel Palace in Q1 2015.
Average prime office rental growth is up by a quarter, at 25.2%, for energy dependent cities - a city which is driven by the energy sector (oil and gas) for economic and real estate activity - this year. This far outstrips the average of 4.5% for other established office locations according to the latest research from global property advisor CBRE, which covers 33 cities.
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