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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 ...

Germans re-enter Spanish market alongside South Americans, Brits and Canadians (ES)

According to Savills latest office report, whilst domestic investors continue to dominate the market in Madrid, German institutional funds have returned to the sector joining the new buyers in this ar ...

RLAM and KDP announce major regeneration project in North London (UK)

Royal London Asset Management and Kitewood Development Partner Ltd have announced the details of a major mixed-use regeneration project in Colindale, North London. The development on Capitol Way, N ...

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 ...

Prologis signs 15,400 m² leasing agreement with Dirks Group in Germany (DE)

Prologis, Inc. today announced that in the second quarter of 2013, it signed a 10-year leasing agreement with Dirks Group covering 15,400 m² at Prologis Park Gernsheim near Frankfurt in Germany. D ...

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