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Aareal Bank AG sells non-performing loan portfolio with an aggregate volume of approx. € 690 million (DE)

Aareal Bank AG has sold a portfolio of nonperforming loans with an aggregate volume of approx. € 690 million (including € 107 million in interest and fees) to Lone Star. Aareal Bank thus reduced its ...

Alfred Vos joins AMB Property Corporation as Senior Vice President, Director of Project Development for Europe (NL)

AMB Property Corporation has appointed European distribution industry and real estate specialist Alfred Vos as Senior Vice President, Director of Project Development for Europe, responsible for direct ...

Westfield Group expands portfolio in New York (AU/USA)

The Westfield Group has announced it has agreed to acquire a 100% interest in the Sunrise Mall in Massapequa, New York for US$143 million of which approximately US$55 million will constitute new Westf ...

FADESA acquires property company in France (ES/FR)

FADESA continues to implement its plans for expansion into other European countries with the acquisition of Financière Rive Gauche, a French company set up in 1991 that is prominent in the property m ...

Minerva secures option to develop 'The Walbrook' in London (UK)

Minerva plc has announced that it has restructured its property interests with Barclays Bank at St Swithin's House and Granite House which will enable Minerva to secure vacant possession for the redev ...

Land Securities announces directorate change (UK)

Land Securities announces that Andrew Macfarlane, Group Finance Director, has resigned to take up the role of Chief Financial Officer at Rentokil Initial plc, the international business services group ...

ProLogis to acquire Catellus in $4.9 billion transaction (USA)

ProLogis and Catellus Development Corporation announced yesterday that their boards have unanimously approved a definitive merger agreement under which ProLogis will acquire all of the outstanding com ...

Hammerson and Henderson sign lease at Moorhouse, London (UK)

Moor House Limited Partnership, a joint venture between Hammerson plc and Henderson Global Investors, has signed a lease with HVB Group, the international banking group, for 9,300 m² (100,000 ft²) o ...

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