Josip Kardun has joined private equity real estate manager Meyer Bergman after stepping down from his former post as CEO of Multi Corporation late last year. Meyer Bergman has appointed Kardun as CIO, as part of its plans to expand its mixed-use portfolio in core European cities, the company said. At...
Unite to forgo rents for students for rest of academic year
Student housing giant Unite said on Wednesday that it will not charge rent for students who do not stay in their accommodation for the remainder of the 2019-20 academic year, effectively assuming costs estimated at between £90 mln and £125 mln. In addition, for international students who are unable to return...
UK imposes 3 month rent holiday for commercial tenants
Tens of thousands of businesses struggling amid the coronavirus crisis in the UK will not have to pay rent for the next three months, the government has announced. The move is likely to be a lifeline for commercial tenants in sectors hit hard by a collapse in revenue, caused by stringent restrictions...
CEE landlords and occupiers hit by depreciation woes
Countries that have not adopted the Euro, or are not pegged to it, have on average seen a 10% depreciation in currency value during the period February to March 2020, according to a new report from Colliers. The Romanian Leu is the exception, depreciating just 1% - largely due to central bank...
European hotel sector on stand-by for emergency role
Europe's hotel industry could have an important role to play in the management of the Covid-19 crisis, according to a new briefing note from Marie Hickey, commercial research director at Savills. According to Hickey, many hotels have availability due to cancelled events and bans on all non-essential travel implemented by...
Covid-19 phishing scams reach real estate firms
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European property values set to slide 8% in 2020
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Government Covid-19 responses ‘back individuals, not banks’
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Buyers seek repricing on active deal processes, says CBRE
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AEW postpones €900m European portfolio sale due to coronavirus
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