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Divan Group planning to expand hotel presence to New York, London and more (TR)

Turkey's Divan Group, a part of Koç Holding, is planning to expand its hotel presence to New York, London, Baku, Budapest and Sarajevo, according to Divan Group Chief Executive Officer Marcos Bekhit. ...

Bond Street letting breaks £1,000 zone-A rent record (UK)

NFU Mutual, represented by Savills, has agreed a new rent on 24 Old Bond Street, London with Salvatore Ferragamo. The Italian luxury brand will pay £1.6 million (€1.88 mln.) per annum for the 7,500 ...

Miami home prices spike in January as inventory continues sharp decline (US)

Following a record sales year, Miami home prices posted strong gains in January. The median sales price of condominiums in the Miami Metropolitan Statistical Area (MSA) spiked 36% to US $122,500 (€91 ...

Pan-European Funds Index opens up new benchmarking potential (EUR)

Doug Rowlands, Head of the IPD Multi-national Team, explains that the IPD Pan- European Funds Index project is about to bear fruit. On March 16th 2012 IPD will be releasing a brand new Pan-European Fu ...

Desigual leases high street shop space in Namur from Vastned (BE)

Spanish fashion giant Desigual has signed a longterm lease with Intervest Retail, the Belgian subsidiary of Vastned, the European retail property investment fund focusing on venues for premium shoppin ...

W. P. Carey announces proposed acquisition of CPA:15 and conversion to REIT (US/UK)

Investment firm W. P. Carey & Co. LLC ("W. P. Carey") announced that its Board of Directors has approved its conversion to a real estate investment trust ("REIT") and that its Board of Directors a ...

European banks eye further real estate loan sale programs (EUR)

CBRE expects to see banks across Europe continue to pursue sales of commercial real estate loans in 2012 as lenders seek to further streamline the process for reducing their exposure to property.In 20 ...

Cordea Savills appoints Head of Luxembourg office (LU)

Cordea Savills, the international property investment manager, has appointed Lorna Mackie as Head of the Luxembourg office. Lorna is responsible for fund corporate activities with a special focus on e ...

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