2022 Real Estate Top 150 ranking: 33
Union Investment has extended the lease with its current tenant teleffekt.
Gesellschaft für Direkt-Marketing mbH for 1,567 sq m of office space in Düsseldorf’s Global Gate III by five years ahead of schedule. The ten-storey office building has been part of the portfolio of the open-ended mutual property fund immofonds 1, which is distributed exclusively in Austria, since 2017.
You can now read the full press release at the link below
The hospitality industry is also functioning in the crisis. Expectations for business remain high, as well as for increasing revenues.
As early as the first quarter of 2023, Union Investment’s Global Retail Attractiveness Index (GRAI) showed tentative signs of recovery in individual European retail markets.
There are still no signs of easing in the transaction markets, with investors either short of capital or unable to find the right property.
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