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The Carlyle Group acquires 88 St Jamess St. from The Crown Estate for £36.5 mln. (UK)

The Crown Estate has concluded the sale of a new 250 year headlease for 88 St James's Street to global alternative investment manager The Carlyle Group, which has plans for a new prime London resident ...

Lack of financing expected to push office vacancy down across CEE (CEE)

A reduced pipeline and lack of available financing is likely to result in lower office vacancy levels across Central & Eastern Europe (CEE), according to the latest research from global property a ...

Global housing market downturn gathering pace

The world's housing downturn is gathering momentum, according to the latest world-wide survey of house price indices prepared by the Global Property Guide. During 2011, house prices fell in 22 countri ...

Portfolio of 47 malls makes Cogest a leader in the Italian market (IT)

In spite of global economic threats and of enduring difficulties in local market, there are few Italian companies performing outstanding results. Among them, Cogest Italia and Mall System deserve a ...

European Commission consults on barriers to energy efficiency in buildings (EU)

On 15 February, the commission launched a public consultation on the "Financial Support for Energy Efficiency in Buildings". This consultation – running until 18 May – aims to identify the market fa ...

Native Land and Grosvenor complete £50 mln. Alpha Place purchase (UK)

Joint venture partners Native Land and Grosvenor have confirmed the acquisition of a prime residential site at Alpha Place in Chelsea for £50 million (€59 mln.) and also announce a £90 million faci ...

EBS REMI and CORESTATE Capital: Distressed Real Estate Debt research cooperation (EUR)

Markets may see an ascending number of distressed real estate debts over the second half of 2012 as a result of increasingly tight capital markets. By 2014, Europe may experience a funding gap of €20 ...

Hines Secures 7 Bryant Park address for new trophy Tower on Avenue of the Americas (US)

Hines, the international real estate firm, has secured approval to use the 7 Bryant Park address for its new, 470,000 ft² (43,530 m²) trophy office tower overlooking Bryant Park. The 28-story buildi ...

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