Autumn Newsletter: AXA buys StarGate; Q3 figures good

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Cover of RealCorp's Autumn 2011 Newsletter

RealCorp’s Autumn newsletter was initially slightly delayed while, like everyone, we waited for the promised announcement of the Euro rescue package that we expected from the G20 summit in Cannes. When it didn’t come, we decided, as the editorial, says, to get on with business anyway!

We had several good leads to work on after a successful visit to ExpoReal and, despite the market uncertainty, we were happy to send our newsletter out in November because we had several pieces of good news to offer:

  • RealCorp facilitated the acquisition of the STARGATE project in October by AXA LUXEMBOURG/ AXA BELGIUM from developers PYLOS BENELUX/ DEXIA BANK BELGIUM and continues to coordinate the letting of the remaining 2200m2. The newsletter gives details of the accommodation available.
  • The Key Figures review demonstrates that take-up in Q3 continued to improve, with a particularly strong showing from the financial sector, and that vacancy rates are still quite low, although there are obviously variations between CBD and outlying areas. It explains that rents are broadly stable and offers reasons for variations. For more detail, including figures and graphs, please see the newsletter.
  • Amongst the wide-ranging selection of Current Offers are some interesting New Offers of properties To Let, some with very attractive rents.

If you haven’t read it yet, we hope you enjoy the Autumn Newsletter and look forward to receiving your feedback!

You can browse through previous newsletters, and register to receive future newsletters by email, on our Newsletter page.

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