Managing Partner at ONLINE REAL ASSETS - Digital Real Estate Company
This is a first for the global commerce giant: Online real estate sales at Amazon.es. The Spanish developer Altamira has put up for sale about a hundred houses and apartments in Madrid, Barcelona and on the Mediterranean coast.
The site allows the direct connection with a seller, but not yet the online purchase of the house. The proponent states that the first sales have already been made.
Altamira AM is a real estate company, a subsidiary of the US investment fund Apollo. Its wealth in Spain is over 50 billion euros. This initiative is clearly the first step in a plan to rapidly increase the proponent's online real estate sales.
Amazon.es is more shy about other real estate ads, as they are only present through links to the Trovit and Holapisos ad sites.
We know that Amazon, like other Gafa, is very interested in real estate: tests were conducted in the United States in 2017. This Spanish initiative is probably in a much more ambitious vision for real estate.
Another billion real estate business has been closed in the center of Prague. Prague Amendi Asset Management acquired the Prague City Center office for 64 million euros (worth 1.6 billion crowns). It is the largest asset manager in Europe. The former owner of the real estate, the international company Tristan Capital Partners, informed the transaction. She owned the building through one of her real estate funds.
CBRE, the world leader in commercial real estate services, has recently strengthened the real estate market in Moravia where it has opened a brick-and-mortar office in Brno Business Park, which is located in Londýnské náměstí in Brno. The local division has the task of covering all transactions in various real estate sectors on the Moravian market.
The design and functionality of your office could be affecting your employees’ productivity. Giving your staff proper lighting, adjustable desks and comfortable temperature control can actually work to increase their performance, allowing you to reap the benefits over the long haul.
According to global property consultant Knight Frank, Prague was Central Eastern Europe's top performer for office investment in the first nine months of 2017, with a total of €746 million ($888 million USD) worth of assets transacted over this period.
LaSalle Investment Management has acquired Palác Andel in Prague from Aberdeen Asset Management Deutschland, the German subsidiary of Aberdeen Standard Investments. This modern administrative building in the Prague district of Smíchov–Andel is the first Czech Republic asset for LaSalle E-REGI fund. The total purchase price reached €57.8m. Cushman & Wakefield and Clifford Chance represented the seller. White & Case, JLL, TPA represented the buyer.
Twenty years ago, real estate developers used to consider the aerial photographs and videos as the only possibility (beside simulations) to give them and their clients a fabulous insight about the project’s features or failures. Pricey, hard to get and hard to process, photographing and filming “from above” was done with the aid of helicopters or taller buildings in the neighbourhood.
Investment flows into the CEE-6 region’s commercial real estate markets rose 12 percent y-o-y in the first nine months of 2017. The €7.6 billion closed deal total coupled with a still full pipeline of deals under consideration suggests that the annual cycle high of €12.2 billion invested last year is likely to be matched or overhauled. Substantial growth in Czech and Bulgarian volumes were the drivers of the momentum in the January-September 2017 period, says Colliers International in its latest report.
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