The much-needed new space will be delivered across two units of 200,000 sq ft and 140,000 sq ft, respectively.

ECB's Annual Report on supervisory activities 2023 unveiled that a material share of CRE loans are structured as bullet or balloon loans.

In the EU, in the fourth quarter of 2023 compared with the same quarter of the previous year, the costs of hourly wages & salaries increased by 3.8%

The historic building, known as Alte Malzerei (Old Malthouse), features imposing 19th-century architecture and is excellently located in Munich’s city centre.

The acquisition price is €97 million.

The estimated budget for the construction of 75 sqm residences, which will cover an area of 700+ sqm, is approximately 1,400,000 euros.

The property possesses good connectivity to both highways and public transportation.

The industry has seen a drop in commercial real estate values due to higher interest rates and lower occupancy levels.

Accoridng to the European Systemic Risk Board the level of accumulated vulnerabilities remains significant in most EEA countries.