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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 ...

International retailer to speak at ICSC Russian Retail event (RU)

Aniko Kostyal, Expansion Director for Northern Central & Eastern Europe at international clothing retailer MANGO will be the keynote speaker for the International Council of Shopping Centre (ICSC) ...

Savills concludes €62.6 million Sydney CBD office sale (AU)

Savills Australia, on behalf of the Morgan Stanley Real Estate-backed Investa Property Group, has sold a 50% stake in a Sydney CBD office tower 60 Martin Place for AUD$95 million (approx. €62.64 mln. ...

Corio acquires factory outlet development in France (FR)

Corio acquired 75% of the shares of the factory outlet development Moulin de Nailloux in the Toulouse region for €44 million, at a net yield of 8.4%, for the first phase. The remainder of the shares ...

Wolsey Place Shopping Centre sold to local council for £68 million (UK)

Jones Lang LaSalle's Shopping Centre Investment team has advised IM Properties on the sale of Wolsey Place Shopping Centre in Woking to Woking Borough Council for £68 million (approx. €75.8 mln.) re ...

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