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GLA announces Mace and Essential Living JV as developer for £100 mln Elephant & Castle tower (UK)

The Mayor of London, Boris Johnson, has struck a ground-breaking deal that will see institutional investment used, for the first time in the UK, to build a large-scale residential rental development. ...

Pramerica Real Estate Investors announces new CEO

Pramerica Real Estate Investors announced today that Eric Adler has been named CEO, succeeding Allen Smith. Pramerica, among the largest real estate investment management and advisory businesses in th ...

Deka Realkredit Klassik acquires financing for Empire State Building in New York (DE/US)

Deka Realkredit Klassik, a debt fund, has invested in the senior tranche of a commercial property loan granted by DekaBank. The tranche volume amounts to US $20 million (approx. €15 million). The lo ...

Carlton Group closes Westin Valencia Hotel sale in Spain (US/ES)

Carlton Group has successfully sold 100% of Hotel Alameda Valencia, SLU (Westin Valencia, Spain) on behalf of one of Spain’s biggest financial institutions, Bankia Group. This was a very challenging ...

CBRE: Asian institutions to step up investment in global real estate markets

Asian institutional investors could look to invest in excess of US $150 billion in global real estate over the next five years, but with limited investable stock available in Asia will seek opportunit ...

St James Group secures deal for the redevelopment of 80-acre Southall Gas Works site (UK)

St James Group Ltd, part of the Berkeley Group of companies, has agreed a deal with National Grid Property to redevelop the former Southall Gas Works site. The strategic 80 acre site located within ...

pbb Deutsche Pfandbriefbank provides £80 million facility to support acquisition by KKR (UK)

pbb Deutsche Pfandbriefbank has underwritten an approx. £80 million (approx. €91.6 million) senior finance facility to support the acquisition of a portfolio of three UK retail warehousing assets ...

GPE sells 90 Queen Street, EC4 for £61.0 million (UK)

Great Portland Estates plc announces that it has exchanged contracts to sell 90 Queen Street, EC4 for £61 million (approx. €70.1 million), reflecting a net initial yield of 5.39% and a capital val ...

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