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Marriott to sell three EDITION hotels for $800 million

Marriott International, Inc. has recently entered into a non-binding letter of intent for the sale of three EDITION hotels subject to long-term management agreements. The three hotels (located in Lond ...

Amstar and Renaissance sell Aura Shopping Center in Novosibirsk, Russia to RosEuro Development (RU)

Amstar has sold Aura Shopping Center in Novosibirsk, the third largest city in Russia, to RosEuro Development. Sources close to the transaction have identified the sale as the largest ever retail real ...

Prime Office sells Hufelandstrasse 13, 15 in Munich (DE)

Prime Office REIT-AG agreed with WealthCap on the sale of the office building in Hufelandstrasse 13, 15 in Munich. Under the sales contract, the rights and obligations in connection with the proper ...

Cordea Savills buys 29 Clement’s Lane for £40 million (UK)

Cordea Savills, the international property investment manager, has purchased 29 Clement’s Lane (also known as 33 Lombard Street) in London EC3 for £40 million (approx. €46.9 million) on behalf of ...

Deka Immobilien buys office complex Rheinwerk II in Bonn (DE)

Deka Immobilien GmbH has bought the office complex Rheinwerk II in Bonn’s Bogen. The parties agreed not to disclose the purchase price. The seller was KGAL GmbH & Co. KG, a leading German asset ...

Kungsleden in SEK 5.5 billion property acquisition (SE)

Kungsleden has signed a memorandum of understanding with GE Capital Real Estate to acquire 84 commercial properties with an underlying property value of approximately SEK 5.5 billion (approx. €640 m ...

PFA acquires large property portfolio from Nykredit (DK)

PFA has acquired a portfolio containing 13 impressive investment properties in Copenhagen from Nykredit. The portfolio has been placed in a new fund owned by PFA. The fund has entered into a partnersh ...

Redefine International concludes agreement to acquire three prime shopping centers in Germany valued at €189 million (DE)

In a significant transaction, Redefine International, the diversified income focused property company, announces that it has exchanged contracts to acquire the entities owning three shopping centers i ...

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