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Construction of the Stavros Niarchos Foundation Cultural Center in Athens to start soon (GR)

According to Greek newspaper Kathimerini, the agreement for the start of construction of one of the biggest private projects in Greece is expected to be signed within a few days. The Stavros Niarch ...

Sorgente Group and Bizzi & Partners to join forces in the development of the ex Falck Area (IT)

Sorgente Group and Bizzi & Partners Development lay down the foundations for an alliance aimed at recovering and developing the ex Falck Area within Sesto San Giovanni according to a master plan d ...

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 ...

CBRE: European shopping center development grows 50% in 2013 - Turkey, Russia most active markets (EU)

An unprecedented 11.9 million m² of shopping center space is currently under construction in Europe, representing a 50% increase year-on-year (7.2 million m² in 2012), according to the latest resear ...

GLA announces Mace and Essential Living JV as developer for £100 mln Elephant & Castle tower (UK)

The Mayor of London, Boris Johnson, has struck a ground-breaking deal that will see institutional investment used, for the first time in the UK, to build a large-scale residential rental development. ...

Deka Realkredit Klassik acquires financing for Empire State Building in New York (DE/US)

Deka Realkredit Klassik, a debt fund, has invested in the senior tranche of a commercial property loan granted by DekaBank. The tranche volume amounts to US $20 million (approx. €15 million). The lo ...

St James Group secures deal for the redevelopment of 80-acre Southall Gas Works site (UK)

St James Group Ltd, part of the Berkeley Group of companies, has agreed a deal with National Grid Property to redevelop the former Southall Gas Works site. The strategic 80 acre site located within ...

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 ...

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