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Beni Stabili signs preliminary contract for purchase of property in Milan (IT)

Beni Stabili has announced that it has signed a preliminary contract for the purchase of a retail property, located in Via Verri in Milan, owned by the Zegna Group. The purchase price is €28 ...

Sungwon Corporation to invest $500 mln in mixed-use project in Dubai's Culture Village (UAE/KR)

South Korea-based Sungwon Corporation are to invest approx. €348 million ($500 mln) in a mixed-use project in Dubai's Culture Village. The project involves a 32-story office tower and ...

French returns top 20% in all four sectors (FR)

French property total returns exceeded 20% at the end of 2006 with a total return of 21.7%, the highest level since 1998. Over the 3-year and 5-year periods to 2006, total returns were 15.6% per year ...

Fabege sells eight properties in Sweden for approx. €132 million (SE)

Fabege has sold eight properties in Årsta and Botkyrka to Diös & Kuylenstierna Förvaltning AB for approx. €132 million (SEK 1,350 mln). The sale will result in an after-tax gain of abo ...

Neo Shopping Mall in Eskişehir officially opened (TR)

Eskisehir's first shopping mall has been opened by Prime Minister Recep Tayyip Erdogan. Neo Shopping Mall, constructed by Yapý Kredi Koray Real Estate Investment Partnership and bought by Bosporus Re ...

IKB Deutsche Industriebank opens real estate finance division in Italy (IT/DE)

IKB Deutsche Industriebank AG, a German bank specializing in long term credit to companies, has announced that it has opened a new division dedicated to real estate financing in Italy. Head of the Rea ...

Hypo Real Estate and HSH Nordbank provide £150m loan facility in London (UK/DE)

Hypo Real Estate Bank International AG – a member of Hypo Real Estate Group - and HSH Nordbank AG, have announced the provision of a secured £150 million (approx. €205 mln) Loan Fac ...

Burj Dubai sets global record with 120 levels (UAE)

Burj Dubai, already the tallest structure in the Middle East and Europe, has set a new global record for having more floors than any building in the world. Currently, at 120 stories and 422.5 meters h ...

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