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LGP completes £71-million leisure fund refinancing (UK)

Legal & General Property ('LGP') announces that it has completed the successful refinancing of its Leisure Fund, agreeing a new £71-million (approx. €83-million) facility with Royal Bank of Scot ...

Call to arms to defend REITs and property funds from financial transactions tax (UK)

Property lobbyists are set to do battle with the EU as fears escalate it may try to impose a tax which would undermine the benefits of Real Estate Investment Trusts (REITs) and shrink returns from pro ...

W. P. Carey provides €41 million build-to-suit financing in Croatia (UK/HR)

W. P. Carey & Co. LLC (NYSE: WPC), the global investment management company specializing in corporate sale and leaseback and build to suit financing, has announced that one of its publicly-held no ...

NEPI contributes substantial equity investment to Victoria City Center development (RO)

New Europe Property Investments plc ('NEPI'), Benevo Capital and CD Capital ('the developers') are pleased to announce that they have formed a joint venture and have reached agreement regarding the de ...

ZAO Raiffeisenbank opens long-term credit line for IMMOFINANZ Group's Fifth Avenue Shopping Mall (RU)

IMMOFINANZ Group, one of the largest foreign property investors in the Moscow retail sector, has recently signed a US $55-million (approx. €40-million) long-term credit agreement with ZAO Raiffeisenb ...

New construction financing for Triumph Park residential development in St. Petersburg (RU)

MirLand, one of Russia's leading residential and commercial property developers, announces that its wholly-owned subsidiary Petra 8 LLC has entered into a loan agreement with SberBank of Russia for th ...

IVG returns to profitability in third quarter of 2011 (DE)

IVG Immobilien AG returned to profitability in the third quarter of 2011 with a consolidated net profit of €3.0 million after a loss of €68.8 million in the previous quarter.The value driver in the ...

Balfin MK secures finance for construction of Skopje City Mall (MK)

Balfin MK, the company developing the €70-million Skopje City Mall Project has secured agreement with a consortium of European and local banks for finance for the completion of the largest shopping c ...

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