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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CBRE today announced that Andy Hay has been appointed to the new role of Managing Director of Property and Asset Management for Europe, Middle East and Africa (EMEA), and Richard Williams has been appointed as the company’s UK Managing Director of Property and Asset Management. The senior appointments support the recent significant growth of this part of CBRE’s business and the anticipated future demand for these services across the region.
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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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