PropertyEU Magazine May 2012

KPMG's former Dutch office in Amstelveen has unwittingly become the symbol of the high office vacancy rate (16%) in the Netherlands. The 50,000 m² building is located just a stone's throw from KPMG's spanking new office in Amstelveen. The May edition of PropertyEU Magazine looks at moves to convert some vacant office buildings in the Netherlands to other uses.

Other features in this edition:

Carlyle charts ­virgin territory - The Carlyle Group has teamed up with a local partner to develop housing for international students in the Benelux countries

Brokers Survey - Jones Lang LaSalle has ousted CBRE as the top European real estate broker based on investment transaction volume in 2011, according to PropertyEU's annual ranking

Deka Immobilien on the prowl - German open-ended fund manager Deka Immobilien continues to hunt for further acquisitions after snapping up two landmark offices in Amsterdam and London

Maturing German CMBS - Several large German CMBS loans are due to mature next year, raising expectations of an increase in forced property sales in the biggest market in Continental Europe

Prologis reshapes - Prologis Europe plans to use the proceeds from asset sales for selective new acquisitions and to strengthen its balance sheet

Q1 deal volume falls - European property volumes fell sharply in Q1 2012 as positive sentiment at end-2011 gave way to renewed caution

High-tech campus - Marcel Boekhoorn, the billionaire-investor behind the EUR 425 mln Philips campus deal, believes in the power of innovative business

Building boom - Fuelled by consumer-driven economic growth, Turkey's retail sector is flourishing and other segments are also taking off

Polish potential - Peakside's acquisition of AIB's Polonia fund platform in Poland opens up a range of options in this rapidly expanding market

ICSC Awards - Marmara Forum in Istanbul bagged the ICSC award for the biggest new shopping centre in Europe this year

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