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Pandox buys hotel in Montreal (CA/SE)

Pandox has acquired the InterContinental Hotel in Montreal for CAN$ 49 million (approx. €35 mln). It is the company's first acquisition in North America. The hotel consists of 26 stories and ...

Jelmoli reports rise in turnover (CH)

Jelmoli Zurich has reported that its turnover (including Specialty Businesses) for the first half-year 2007 was 3.3% higher than in 2006 per comparable sales floor area. At the end of April 2006 the r ...

Cofinimmo acquires portfolio for €419m (BE/NL)

InBev (Euronext/INB) has entered into an agreement with Cofinimmo (Euronext/COFB) under which InBev Belgium will sell 90% of Immobrew S.A./N.V., a subsidiary which directly owns 824 pubs and some resi ...

Echo sells and buys in Poland (PL)

Echo Investment SA has announced that it has sold three projects in Lódz and Kielce to Catalyst Capital and that it is going to develop a Class A office park on a 70,000-m² site in the cente ...

Union Investment Real Estate acquires UN Studio office project in Amsterdam (NL/DE)

Union Investment Real Estate AG has acquired the UN Studio office project in Amsterdam for its UniImmo: Europa fund in a transaction worth a total of around €141.4 million. The vendor of the ...

Gamma RE takes over Fondo Tecla (IT)

Gamma RE, the joint venture between Morgan Stanley Real Estate Special Situations Fund (51%) and Pirelli RE (49%), announces the close on July 5, 2007 of the voluntary takeover bid for 550,708 quotas ...

CBRE advise BBVA on purchase of site for new HQ (ES/UK)

CB Richard Ellis has advised Spain's Banco Bilbao Vizcaya Argentaria (BBVA), on the purchase of Foresta Business Park from GMP, the real estate company. BBVA has acquired the 100,000-m² site ...

Halverton opens office in Stockholm (SE)

Following growth of the Scandinavian portfolio, Halverton has announced the opening of its Swedish office, located at Drottninggatan 25, Stockholm. This will be Halverton's ninth office opening in its ...

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