Ærium, the European real estate fund manager, has sold a portfolio of eight German retail warehouses to German fund manager GLL Real Estate Partners. Ærium will continue to manage the portfolio, which has a leasable area of over 114,000 m² and land plots totaling 365,000 m² on behalf of the buyer....

OVG Real Estate and Deka Immobilien have reached agreement on the purchase of The Edge office building, which is currently under construction at the Zuidas in Amsterdam. The 40,000-m2 building is characterized by its unprecedented, high level of sustainability. The Edge is located in the...

pbb Deutsche Pfandbriefbank and Helaba have jointly provided a €220 million refinancing facility to Proudreed. pbb acted as arranger and agent, and Helaba as an arranger. Each bank provided 50% of this funding. The transaction closed in May 2014. The facility, which is for five years, refinances...

Accor annonce le rachat, à travers son pôle HotelInvest, de deux portefeuilles représentant respectivement 86 et 11 hôtels (soit 12 838 chambres), pour un montant global de l’ordre de 900 millions d’euros. « Ces opérations constituent un signe fort de notre capacité à mettre en œuvre...

Les Terrasses du Port, Hammerson’s new retail and leisure scheme in Marseille, will open to the public this Saturday (24 May 2014). The 61,000m² scheme with 190 stores and restaurants is Hammerson’s first retail development in France, and is set to transform the city’s retail and leisure offer....

According to a survey by international real estate advisor Savills, of the top investors in Europe’s key markets of Belgium, France, Germany, Ireland, Italy, Netherlands, Poland, Spain, Sweden and the UK, Sovereign Wealth Funds (SWFs) increased their activity in 2013 and now account for total...

Ce nouveau programme immobilier, se développera au sein du projet urbain Casa Anfa, au cœur de Casablanca. Casa Anfa est porté par l’Agence d’Urbanisation et de Développement d’Anfa (AUDA), filiale du groupe CDG, qui agit en tant que Maître d’Ouvrage général pour assurer le pilotage et la...

Schroder Property Investment Management has completed its first acquisition in France on behalf of Immobilien Europa Direkt, an investment group of Zurich Investment Foundation. Immobilien Europa Direkt has acquired together with Malakoff Médéric, a French insurance company, the Chevaleret office...

The shareholders of Peach Property Group AG, a leading property investor and developer of high-quality residential real estate in Switzerland and Germany, approved all proposals with clear majorities at today’s General Meeting. A total of 62.99 percent of the issued share capital was represented...

Goldman Sachs announced today that it has closed its second real estate credit fund, Broad Street Real Estate Credit Partners II (RECP II), with over $4 billion in total capital available to invest, including expected leverage. Limited partners in RECP II include existing as well as new...

Union Investment is continuing to expand the portfolio of its institutional infrastructure fund, which focuses on renewable energy sources in Europe. Following the five investments in onshore wind farms made since the fund was launched in May 2012, the first acquisition of a solar park in France...

Unibail-Rodamco annonce avoir trouvé un accord pour la cession de sa participation de 7,25% dans SFL à Qatar Holdings LLC pour un montant de 136,9 M€ soit 40,6 € par action. Les actions sont...

Improved investor confidence and lending conditions, as well as notably increased activity from opportunistic investors in recovering markets, led to a strong start for the European commercial real estate market in 2014, according to the latest research from global property advisor CBRE. Total...

On April 3, 2014, Gecina signed a preliminary agreement to buy the “Le France” building, being sold by AG2R La Mondiale in connection with its divestment policy, for a price of €133 million including duties. “Le France”, located at 190-198 avenue de France in Paris’ 13th arrondissement, in the...

Blackstone announced that it has closed its fourth European Real Estate Fund at its cap of €5.1 billion (approx. $7 billion). This makes it the largest ever dedicated European Real Estate fund. Ken Caplan, Head of European Real Estate at Blackstone, said: “We are hugely grateful to our investors...

A fund managed by CBRE Global Investors, the leading global investment management firm, has acquired 27 rue de Berri, Paris, in an off market deal. The vendor was Prepar Vie, a French insurance company and subsidiary of the BRED Group. The freehold office building is located in the heart of...

The new 5 Broadgate development, currently under construction for Swiss Bank UBS, has officially ‘topped-out’ in a ceremony earlier this week. The building, which forms part of the Broadgate Estate, was designed by international architectural practice Make, and will provide 700,000 ft² (approx....

Un grand panel d'experts débattent sur les défis de de la construction dans les 25 années à venir : Robert Booth -CEO Emaar Properties Prof. Carlo Ratti -Director, MIT Senseable City Lab Harry Macklowe -Macklowe Properties Chairman Graeme Maxton- Economist and Author Michael Skapinker -Financial...

Orascom Development expects to report an 18-20% decrease in consolidated revenues for the year 2013 compared to the same period of last year. Based in first indications Orascom Development further expects a net loss in the range of CHF 145-160 million mainly due to the challenging market...

Les Retailers Revoient Leurs Plans d’Expansion pour 2014 à La Hausse Près de 40% des retailers internationaux planifient d’ouvrir un point de vente en Allemagne. C’est ce que révèle la grande enquête internationale du conseil en immobilier CBRE. Notre voisin est le marché retail le plus populaire...

Primonial REIM a acquis auprès de SOFILO, foncière du groupe EDF, un ensemble immobilier de bureaux situé au 69-71 rue de Miromesnil à Paris 8ème, en plein cœur du quartier d’affaires de Paris. L’ensemble immobilier, composé de deux bâtiments haussmanniens mitoyens, développe une surface utile...

Comcast Corporation (Nasdaq: CMCSA, CMCSK) and Liberty Property Trust (NYSE: LRY) announced today they will jointly develop the “Comcast Innovation and Technology Center” on the 1800 block of Arch Street in Center City Philadelphia. The proposed $1.2 billion 59-story, 1,121-foot tower will neighbor...

On behalf of its German joint venture, Warburg-Henderson, Henderson Global Investors has completed the sale of 158-164 Bishopsgate to UBS Global Asset Management for £29.25 million, reflecting a net initial yield of 4.94%. Formerly a Victorian fire station, the 45,634 sq ft space was redeveloped...

bfw liegenschaften ag (SIX Swiss Exchange: BLIN) confirms that it sold the largest property in its portfolio – Seehalden 12-28 / Wilenstrasse 10 in 9404 Rorschacherberg (target rental income of approximately CHF 2.38 million p.a.) – as of today for a gross selling price of CHF 41.5 million. The...

New York has displaced London as the world’s second most expensive city to rent business and residential space for employees, behind Hong Kong, while Singapore offers businesses locating in the city the best value accommodation in relation to the size of its economy according to international real...

Henderson Global Investors has acquired the Brücken-Center in Remscheid for its Henderson German Retail Income Fund (HGRIF). Henderson acquired the center from HBB Gewerbebau Projektgesellschaft Remscheid mbh & Co. KG, a subsidiary of HBB Hanseatische Betreuungs- und Beteiligungsgesellschaft...

Après l’acquisition des murs de 158 hôtels exploités par le Groupe Accor en 2009 puis de murs de 97 supermarchés Carrefour Market en 2012, La Française se positionne comme partenaire du Groupe Vivarte, leader français du marché de la chaussure et du prêt à porter, en réalisant l’externalisation...

Le Conseil d’Administration de Accor, réuni le 27 août 2013, sous la présidence de Philippe Citerne, a décidé de nommer Sébastien Bazin en tant que Président-directeur général de Accor. Pour prendre en charge ces nouvelles fonctions, Sébastien Bazin a mis fin à tous ses mandats chez Colony Capital...

Hermes Real Estate Investment Management Limited (HREIML) has completed the acquisition of Finsbury Tower, Burnhill Row, EC1 from middle eastern based owner HNS Group for a price of £67 million (approx. €78.5 million). Finsbury Tower offers 153,000 ft² (approx. 14,215 m²) of office accommodation...