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Aberdeen acquires office and retail building in Turku from REDEVCO (FI)

Aberdeen European Balanced Property Fund has acquired the Turun Sampotalo property from REDEVCO. Sampotalo is a prime landmark building located along the principal shopping street in Turku CBD, Finlan ...

Goodman achieves half year operating profit of $139 million

Goodman Group (Goodman or Group) today announced its half year results for the six month period ended 31 December 2009. Key financial and operational highlights for the period are outlined below:Finan ...

Westdeutsche ImmobilienBank has arranged €119.8 mln. financing for 2 shopping centers (PL/DE)

Westdeutsche ImmobilienBank AG (WestImmo) acting as Agent and Arranger has provided MGPA, Europe Fund III, L.P., with approx. €119.8 million financing facility for two modern shopping centers in Pola ...

CBRE reports improving sentiment among European banks in lending for prime real estate (EUR)

In the latest European Capital Markets report CBRE assesses banks' propensity to lend to the commercial property sector across Europe. The latest indicators reveal the first signs of a positive shift ...

W.P. Carey completes second tranche of €74 million sale leaseback with Eroski (ES)

W.P. Carey & Co., a global investment management company that provides long term sale leaseback and build to suit financing for companies, announced that CPA®:17 – Global, one of its publicly he ...

Optimism and realism combine at IREIs VIP conference

Founded in 1987, Institutional Real Estate, Inc. (IREI) is a publishing and consulting company. Through its publications, IREI provides individuals, companies and organizations with highly targeted ve ...

Union Investment acquires majority stake in Alexa shopping center (DE)

Union Investment has finalized the agreement with Sonae Sierra and Foncière Euris/Rallye to become the new majority owner of Alexa in central Berlin. Each of the investors had a 50% share in the prop ...

Scottish Governments shock announcement abandoning phasing in of rises In business rates (UK)

A leading business rates adviser has warned that much of Scotland Plc is in for painful increases in business rates which will be accentuated by the Government's shock decision announced yesterday to ...

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