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Redevco makes first acquisition in Sweden (S)

The private real estate fund Redevco has made its first acquisition in Sweden by obtaining the retail object Ahlens House in Malmö for SEK 170 mln. (€ 18.7 mln). The object is situated on the ...

Grontmij wants to sell real estate division (NL)

According to PropertyNL, Grontmij is expecting to sell its real estate activities in the first half of 2005. Sale talks with different buyers are not yet planned, but the company is working on an auct ...

Land Securities announces sale of regional retail properties (UK)

Land Securities announces the completion of two transactions comprising the sale of regional retail properties, totalling 21,000 m², to four purchasers for approximately £115m.In one transaction ...

Rijswijk Municipal Authority and AM sign contract for redevelopment of town hall site (NL)

Rijswijk Municipal Authority and AM Wonen have signed a contract for the redevelopment of the town hall site, where AM (formerly Amstelland MDC) is to build 207 apartments stacked in two towers, 110m ...

Ghelamco sells Crown Investment for €55m (PL)

Ghelamco, the Belgium-based developer, has sold Crown Investment, a portfolio of two office buildings â€" Crown Point and Crown Tower â€" for a total price of around €55 mln. The purchaser is ...

Change of board NEPROM (NL)

From 1 January, 2005 Rudy Stroink, CEO of TCN Property Projects, succeeds Karin Laglas in the board of NEPROM, the Dutch association of professions property developers.Stroink commented: “I am co ...

Pirelli cuts its Pirelli RE stake (IT)

Pirelli & C SpA has cut its stake in Pirelli & C Real Estate SpA to 55.533 pct, effective December 22, from 57.669 pct held previously, market regulator Consob said.www.efreeman.co.uk Source: ...

IBM sells 7 buildings to Morgan Stanley and Foncière des Régions (FR)

The Morgan Stanley Real Estate Fund IV (MSREF IV) and Foncière des Régions joint venture (respectively 75% and 25%) has acquired a portfolio of seven buildings totalling 125,000 m² from IBM F ...

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