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Raiffeisen evolution sells the Tech21 office building (AT)

The Tech 21, a building that offers its tenants flexible and individually customizable state-of-the-art office space, was completed in the summer of 2006. It had become the registered office for techn ...

UGL announces intention to pursue a demerger

UGL Limited today announced its intention to pursue a demerger to create two standalone ASX-listed companies, one focused on global property services (‘DTZ’) and the other on engineering, construc ...

Legal & General Property buys warehouses in South Yorkshire (UK)

Tritax has sold two Next distribution warehouses in Rotherham to Legal & General Property for £86.68 million (approx. €100.7 million). Legal & General Property has agreed to buy the 1.1 ...

PIK Group to develop a residential ‘business class’ building at Vavilov Street, Moscow (RU)

PIK Group, one of Russia’s leading residential real estate developers, announces the acquisition of 96.2% of the shares of OJSC “3rd taksomotorny park” for 1,025.6 million rubles (approx. €22. ...

LSR Group starts pre-sales in new low-rise residential neighbourhood in Moscow region (RU)

LSR Group started construction and pre-sales in a low-rise residential neighbourhood Nakhabino Yasnoye with a total net sellable area of around 140,000 m². The new comfort class project is situated o ...

Implenia to construct the Park Tower in Karlsruhe (CH/DE)

Worth around CHF 42 million (around €34 million), the Park Tower in Karlsruhe is the largest building construction project undertaken by Implenia in Germany. In the middle of Karlsruhe’s City P ...

DIC Asset AG: Two major deals securing long-term FFO (DE)

DIC Asset AG just reported two large and significant business transactions that will play a definitive role in securing the Company’s operative profitability and the high FFO level in the long run. ...

BUWOG sells the majority of its Upper Austrian portfolios (AT)

BUWOG, a wholly-owned subsidiary of the listed IMMOFINANZ Group, has sold a majority of its residential portfolio in Upper Austria. The portfolio includes 48 properties with 1,135 flats and lettable s ...

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