CBRE Hotels, acting on behalf of the owner of the Hilton Frankfurt City Centre hotel, has advised on the sale to new investors specialising in the luxury hospitality sector. The lease with Hilton remains in place.
European commercial real estate markets saw continued growth in Q2 2014 with further yield compression supporting value growth across all property sectors and a number of markets also reporting modest rental increases, according to the EMEA Prime Rents and Yields survey from global property advisor CBRE.
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The Italian CRE investment volume in Q2 2014 reached €910 million, an increase of 26% compared to the previous quarter but a 36% decrease on year-on-year base.
The growing interest from international investors has boosted total foreign capital invested during the quarter at 90% of the total, equal to approx. €820 million, more than double compared to Q1 2014.
In line with the previous quarter, portfolio deals took a large share on the total quarterly investment volume, equal to 46%.
Retail sector again continues to attract the largest investment share, accounting for 71% of the quarterly investment volume.