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HOK master plan for $2.6 bln Istanbul International Financial Center now under construction (TR)

HOK developed the master plan for the Istanbul International Financial Center (IIFC) in Turkey, which is being built on a 170 acre site on the city's Asian side. The Turkish government's goal for the ...

Invesco Real Estate snaps up prime Prague office property for circa €38 mln for German fund (CZ)

Invesco Real Estate (IRE), the global real estate investment manager, is pleased to announce that it has acquired the office property Stara Celnice in Prague 1 for circa €38 million on behalf of the ...

ICSC: Euro-Shop Index plummets in February (EU)

The International Council of Shopping Centers (ICSC) reported that its pan-European survey of shopping-center industry business conditions for February 2013 showed a sharp reversal of fortunes on the ...

Peab to redevelop offices into apartments in Stockholm (SE)

Peab subsidiary Kungsfiskaren has been contracted to redevelop an office building into apartments at Gärdet in Stockholm. The client is Aros Djurgarden Gärdet Economic association and the contract a ...

Helical Bar and Aviva receive initial consent for 1.55 mln ft² White City mixed use scheme (UK)

Helical Bar plc and Aviva Investors have received planning permission for their Brickfields development, a major new 1.55 million ft² (approx. 144,000 m²) residential-led mixed use scheme on the for ...

BPT Baltic Opportunity Fund acquires Coca-Cola Plaza in CBD of Tallinn (EE)

In another sale and lease-back transaction BPT Baltic Opportunity Fund, the most recently launched real estate fund from BPT, has acquired its third asset, the Coca-Cola Plaza in the central business ...

AXA acquires Ropemaker Place in London for £472 mln in a joint venture (UK)

AXA Real Estate Investment Managers (“AXA Real Estate”) announces that, acting on behalf of three clients, it has led the acquisition of Ropemaker Place a prime office building in the City of Lond ...

CBRE acquires German shopping center in joint venture with TRS (DE)

A fund managed by CBRE Global Investors has acquired Leine Centre, Laatzen a leading shopping center in Germany for €117 million at a net initial yield of ca. 6.0%. The purchaser is a joint venture ...

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