News

"A handful of significant lettings were done in Dublin’s Industrial market during Q1 2011 against a difficult economic backdrop according to international real estate advisor Savills.  The firm reports that demand for space was strongest in the southwest of the city with almost 32,000 sq m (344,445 sq ft) taken up in this area, out of a city total of 48,600 sq m (523,126 sq ft).  Significant deals in the southwest include the letting of over 10,000 sq m (107,639 sq ft) to Lidl in Belgard Road and 5,754 sq m (61,935 sq ft) in Naas Road, formerly the Nissan HQ. "

"Savills has arranged $66 million in permanent financing for three brand-new, state-of-the-art medical office buildings that are located in Michigan and Louisiana and total approximately 294,000 sq ft (27,312 sq m)."

"According to international real estate advisor Savills, levels transacted in Spain’s retail warehouse market are moving towards the ten year average of €95m with €83m purchased in 2010 – treble the year before."

"Savills has appointed Nathalie de Lacharrière to join its French Office Agency department in Paris as an associate."

"Savills has appointed Kristian Barthels to join its office agency team in Hamburg to strengthen the department’s corporate real estate services (CRES) unit."

"Savills has been appointed joint advisor with CB Richard Ellis in the sale of Boulevard du Régent 37-40, in Brussels city centre.   "

"High end fashion retailer Hellmann Mens Wear is opening an additional store on Berlin’s main shopping street Kurfürstendamm 44."

"Asset manager STAM has sold a 6,470 sq m (69,642 sq ft) office building at 140 Avenue Jean Lolive, Pantin, in the north east of Paris, advised by Catella Property and Savills."

"International real estate advisor Savills has appointed Albert Lau as managing director of its China business with immediate effect. "

"Take-up in Dublin’s office market reached 45,500 sq m (489,757 sq ft) in Q1 2011, up 2% on the previous quarter and twice the 21,000 sq m (226,042 sq ft) level seen in Q1 2010, according to Savills research."