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WestImmo finances €55.5 mln. shopping mall in Japan for SEB Asian Property Fund (DE/JP)

Westdeutsche ImmobilienBank AG (WestImmo) is the arranger and agent financing the acquisition of the Aeon Mall Chiba New Town in Inzai City. The loan, of JPY 7,215,000,000 (€55.5 mln.), has a term of ...

Norwegian Property extends lease contract with Total in Stavanger (NO)

Norwegian Property has agreed with Total E&P Norway AS to extend the existing lease contract for Finnestadveien 44 in Stavanger until 31-12-2021. The lease contract includes total office space of ...

Global property markets on the upswing

According to Cushman & Wakefield's 2010 Global Investment Atlas which monitors investment flows in commercial property in 56 countries, global investment volumes are forecast to rise 30% this year ...

F&C REIT purchases Homebase retail warehouses for €19.9 million (UK)

F&C REIT Asset Management has exchanged on retail warehouses in Ipswich and Luton, both let to Homebase, for a combined £18 million (approx. €19.9 mln.). The two retail warehousing units, let to ...

Warsaw Business Journal names Echo Investment Real Estate Investor of the Year 2009 (PL)

Warsaw Business Journal ranked the obtaining of €100 million financing for Galeria Echo of Kielce among the biggest and most crucial events of the last year and awarded Echo Investment the title of " ...

Financial tenants may be back in Luxembourg but office vacancy rates set to rise (LU)

Banking and financial tenants maintained a strong level of demand accounting for 25% of Luxembourg's lettings market during 2009. According to international real estate advisor Savills these tenants, ...

Aberdeen acquires office and retail building in Turku from REDEVCO (FI)

Aberdeen European Balanced Property Fund has acquired the Turun Sampotalo property from REDEVCO. Sampotalo is a prime landmark building located along the principal shopping street in Turku CBD, Finlan ...

Swedish sustainability know-how at MIPIM 2010 (SE/FR)

The Mayor of Stockholm, Sten Nordin, will deliver a keynote address at the world's property market MIPIM on Wednesday, 17 March. He will share his vision of a 'holistic approach' for sustainable urban ...

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