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WestImmo finances €55.5 mln. shopping mall in Japan for SEB Asian Property Fund (DE/JP)

Westdeutsche ImmobilienBank AG (WestImmo) is the arranger and agent financing the acquisition of the Aeon Mall Chiba New Town in Inzai City. The loan, of JPY 7,215,000,000 (€55.5 mln.), has a term of ...

Norwegian Property extends lease contract with Total in Stavanger (NO)

Norwegian Property has agreed with Total E&P Norway AS to extend the existing lease contract for Finnestadveien 44 in Stavanger until 31-12-2021. The lease contract includes total office space of ...

F&C REIT purchases Homebase retail warehouses for €19.9 million (UK)

F&C REIT Asset Management has exchanged on retail warehouses in Ipswich and Luton, both let to Homebase, for a combined £18 million (approx. €19.9 mln.). The two retail warehousing units, let to ...

Warsaw Business Journal names Echo Investment Real Estate Investor of the Year 2009 (PL)

Warsaw Business Journal ranked the obtaining of €100 million financing for Galeria Echo of Kielce among the biggest and most crucial events of the last year and awarded Echo Investment the title of " ...

Financial tenants may be back in Luxembourg but office vacancy rates set to rise (LU)

Banking and financial tenants maintained a strong level of demand accounting for 25% of Luxembourg's lettings market during 2009. According to international real estate advisor Savills these tenants, ...

Aberdeen acquires office and retail building in Turku from REDEVCO (FI)

Aberdeen European Balanced Property Fund has acquired the Turun Sampotalo property from REDEVCO. Sampotalo is a prime landmark building located along the principal shopping street in Turku CBD, Finlan ...

Heijmans to restructure Kaatsheuvel's town center for €40 million (NL)

Heijmans is to carry out extensive restructuring of the centre of Kaatsheuvel (Loon op Zand municipality) in accordance with the 'Bruisend Dorpshart' (vibrant town heart) plan. The contract was signed ...

US and Japan to lead pick up in distressed properties

The US and Japan are set to see the biggest rise in distressed sales in the first quarter of 2010, says RICS research published on the 1st of March 2010. Real estate professionals expect the number of ...

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