The project consists of a 19.000 m² building, with 199 beds and 30 serviceflats, that will be run by Vulpia. The project is being developed by Vooruitzicht, and will be operational in 2014.
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Rents and yields for prime european property remain broadly stable, largely resisting economic headwinds. Prime rents and yields for European commercial property remained broadly stable in the final quarter (Q4) of 2011, despite continued economic uncertainty and negative sentiment across Europe, according to new figures released by CBRE. European prime yield trends have remained stable for several quarters, moving up by no more than 10 basis points in any property sector throughout 2011, while rents in the office and industrial sectors have risen by less than 1% over the same period.
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Tans Group acquired the 9.500 sqm retail complex formerly owned by AG Real Estate in Ghent. The complex is made up of 2 retail units located along the Veldstraat and the Volderstraat. The Veldstraat 47-49 is let to C&A and Esprit while the Veldstraat 17 is occupied by M&S Mode. CBRE exclusively advised the vendor, AG Real Estate.
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CBRE today announced that Tomas Hegedus has been appointed as Managing Director of the company’s market-leading Slovakian business. Tomas succeeds Joerg Kreindl, who moves into a new role as CBRE’s Head of Office Agency and Tenant Representation for Central and Eastern Europe (CEE).
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Capital flows into European retail property continue to follow economic performance, with Germany and those markets positioned outside of the eurozone clear favourites with investors, according to the latest data from global real estate adviser CBRE.
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