Commercial Property News

JP Morgan Asset Management releases European business property figures

Commercial properties are being snapped up across Europe, according to statistics from JP Morgan Asset Management.

The company's Real Estate Group announced more than 40,000 sq m of new real estate leases have been signed across Germany, France and Belgium during the second quarter of 2010.

This is twice as many as the total properties leased in the first three months of the year, the firm revealed.

Business property has been taken on by companies including TKMaxx, which has rented an outlet at the Forum City Mall in Mulheim, Germany.

Portfolio manager for the European Real Estate Group's largest property fund Scott MacDonald said: "Based upon lease negotiations currently underway, we expect to announce further positive leasing results throughout the remainder of the year."

Retail, office and industrial properties measuring more than 1.2 million sq m in total across Europe are managed by the firm.

JP Morgan has been operating for more than 200 years and has various branches operating in more than 100 countries.

Posted by Sarah SmithADNFCR-2842-ID-19898599-ADNFCR

Tue, 20th Jul 2010

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