Peakside Capital have signed a lease with DPD Polska, a leading courier service provider, for 7,000 sqm of cross-dock space at City Point Targówek. The complex, which will offer last-mile logistics space, is now undergoing a major redevelopment.
For 2022, international real estate consultancy firm Cushman & Wakefield (C&W) recorded a total hotel transaction volume of EUR 1.9 billion in Germany. This is 25 percent below the previous year s figure and falls almost 60 percent short of the 10-year average. The year was again characterised by single-property transactions, contributing approximately 85 percent of transaction volume. Only four portfolio transactions were recorded. The average transaction size was EUR 29 million.
Hyatt to acquire Dream Hotel Group, Cadogan Estates acquires The Draycott Hotel in London, Peakside Capital acquires the Grandhotel Hessischer Hof hotel in Frankfurt from Prinz von Hessen.
POLAND The warehouse market in Poland remained stable over Q1 2022, with a slight decrease in demand resulting in 1.56 mln sqm leased down by 2.5 pct y-o-y according to the latest report by Axi Immo.
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