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SEGRO and M&G to dissolve Heathrow big box joint venture (UK)

SEGRO announced that it has exchanged contracts with M&G Real Estate to dissolve The Heathrow Big Box Industrial and Distribution Fund (HBB) ahead of its termination date in June 2016. ...

Genesta achieves large first closing for its Nordic Real Estate Fund II (EU)

Genesta announced the first closing of its new fund – Genesta Nordic Real Estate Fund II. The fund has secured commitments of €152 mln from four institutional investors. Genesta is the first manag ...

Serravalle Designer Outlet expands and adds 12,500 m² of retail (IT)

Europe’s largest luxury designer outlet, Serravalle Designer Outlet, near Milan, one of 20 McArthurGlen Designer Outlets across Europe, announced its expansion. Serravalle will expand to open ...

pbb Deutsche Pfandbriefbank plans flotation (DE)

Deutsche Pfandbriefbank AG (pbb) plans a listing in the Prime Standard segment of the Frankfurt Stock Exchange (FWB). Subject to market conditions, the IPO is scheduled to take place during July 2015. ...

MERLIN Properties acquires Testa for approx. €1.8 bln (ES)

MERLIN Properties Socimi, S.A., and Sacyr, S.A. have entered into an investment agreement for the acquisition in several steps of the entire share capital of Testa Inmuebles en Renta, S.A. (“Testa ...

Hines sells Spanish shopping center for €70 mln (ES)

Hines announced that the Hines European Value Added Fund (HEVAF) has sold 100% of the shares of the company holding Zielo Shopping Pozuelo shopping center (“Zielo”) for pricing in excess of €70 ...

Mace completes sale of Assam Place to Greystar for €150 mln (UK)

Mace has completed the sale of Assam Place, home of the Hult International Business School, to Greystar Real Estate Partners for £110 mln (approx. €150 mln). Located in Aldgate in the heart ...

Cofinimmo acquires two sport and wellness centers in Germany for €53.6 mln (DE)

Cofinimmo Group acquired two sport and wellness centers located in Germany, in Hamburg and in Hanover respectively. The two facilities, which enjoy excellent locations within a luxury residenti ...

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