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Cornerstone acquires 40 Gracechurch Street in London for £94 million (UK)

Cornerstone Real Estate Advisers announced that it has purchased 40 Gracechurch Street, a Grade A office building in Central London, for £94 million (approx. €107.6 million) on behalf of a new sepa ...

Deutsche Asset & Wealth Management and Borletti Group sell Printemps department stores to Qatari investor (FR)

Deutsche Asset & Wealth Management, owner of 70% of French Printemps department stores, has agreed to sell its  stakes to a Qatari investor. The French luxury retail chain has been purchased ...

Carlton Group closes Westin Valencia Hotel sale in Spain (US/ES)

Carlton Group has successfully sold 100% of Hotel Alameda Valencia, SLU (Westin Valencia, Spain) on behalf of one of Spain’s biggest financial institutions, Bankia Group. This was a very challenging ...

GPE sells 90 Queen Street, EC4 for £61.0 million (UK)

Great Portland Estates plc announces that it has exchanged contracts to sell 90 Queen Street, EC4 for £61 million (approx. €70.1 million), reflecting a net initial yield of 5.39% and a capital val ...

McAleer & Rushe JV sells Invest Northern Ireland’s headquarters (IE)

The Northern Irish Government has acquired Invest Northern Ireland’s Belfast city center headquarters through a sale of the shares of the holding company from Bedford Street Developments Ltd for clo ...

HOCHTIEF Projektentwicklung sells Tivoli Office to AXA Investment Managers (DE)

HOCHTIEF Projektentwicklung has sold the Tivoli Office building in Munich to a real estate special fund operated by AXA Investment Managers Deutschland. The two parties agreed that no details of th ...

ACRON acquires Westcenter St. Gallen building complex in Switzerland for €49.4 million (CH)

ACRON, the indirect real estate investment specialist, has acquired the Westcenter St. Gallen retail property. The sales price amounts to approximately CHF 61 million (approx. €49.4 million). The pr ...

IBA Capital Partners buys El Corte Inglés building on Plaza Catalunya for €100 million (ES)

As reported by the Spanish press, the famous Spanish department store chain has reached an agreement for the sale of its approx. 8,000 m² building on Plaza Catalunya to IBA Capital Partners for €10 ...

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