Our latest press releases
OFFICES IN EUROPE
The slowdown in rental activity seen from late 2022 in some European markets then spread and was confirmed in 2023. This was due to the uncertain economic and geopolitical context and structural changes in the way offices are used.
All told, take-up for the year came to 7.6 million sqm across the 17 main European markets*, down 19% vs 2022. This was 16% lower than the long-term average.
BNP Paribas REIM secures Kockelscheuer building in Luxembourg from Grossfeld PAP
BNP Paribas REIM on behalf of its Next Estate Income Fund III (NEIF III), managed by BNP Paribas REIM Luxembourg agreed with Grossfeld PAP on the sale of the Kockelscheuer office project in Luxembourg. The property is expected to be delivered in Q1 2022 and aims at granting a BREEAM Excellent green certification. The five-storey office building features approx. 4,090 sqm of office lettable area fully let under a firm 12-year lease agreement.
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