IREX & industry news

Herenstaete, an iconic 64,600-square-foot property, is currently undergoing a sweeping renovation that will yield modern, sustainable office space while preserving historically significant features. CBRE Global Investors enhances its presence in the Netherlands office market with the acquisition of Herenstaete, a historic office asset in Amsterdam.

Paris emerged as the most liquid real estate market in the world Global property consultant JLL is reporting this week that worldwide commercial real estate investment volumes increased by 10% in the fourth quarter of 2019, to $245 billion. This brought full-year activity to $800 billion, up 4% from the elevated levels seen in 2018, making 2019 the strongest year for commercial real estate investment on record.

Commercial landlords swept up in coworking and open office trends have not lost sight on the importance of physical office space in accommodating the Millennial and Gen-Z consumer.

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Russia's international co-working office space company SOK has opened a 3,000 square meter shared workspace facility in Tel Aviv's Nitsba Tower with more than 500 work stations. SOK says the office workspace has a special eco-friendly design to provide its 500 tenants with the best conditions for productive work.

Hugh Jones will assume the role of Chief Executive Officer of Reed Exhibitions on February 1st, succeeding Chet Burchett who is retiring and returning to Texas after five years.

Amazon is said to be on the hunt for new office space in London as the e-commerce giant doubles down on its commitment to the capital after Brexit. The tech firm has called in advisers at Cushman & Wakefield to find a building with roughly 200,000 square feet of office space, the Times reported.

IREX 2019 is the new industry's professional event covering key categories of commercial real estate including office, warehouse, hotel, manufacture, multifunctional facilities as well as residential stock.

Cushman & Wakefield Research Department

A report from JLL reveals that the level of investment into Russia’s real estate was up by almost a quarter (24%) year-on-year in the first half of 2019 to $1.6 billion.

JLL presents the Q1 2019 results of the branded hotel market* in Moscow, Moscow Region and St. Petersburg.