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ING Real Estate Development sells 50% share in Budapests Allee Shopping Center (DE/HU)

Allianz Real Estate Germany GmbH and ING Real Estate Development have reached agreement on the sale of a 50% share in the Allee Shopping Center in Budapest to Allianz for approximately €100 million. ...

German residential portfolio transactions in excess of €3 billion in 2009 (DE)

Savills reports that the German market for residential portfolios picked up in 2009, in particular the second half of the year saw residential portfolios actively transacted compared to H2 2008. 107 r ...

85% of Tishman Speyer's OpernTurm let (DE)

The international law firm K&L Gates LLP as well as the private equity firm 3i Germany will move into Tishman Speyer's OpernTurm in Frankfurt. Thereby approximately 85% of 66,000 m² overall leasa ...

Tall meets small at Multi Megamall (TR)

Today, the world's tallest man, 8 ft 1 in (246.5 cm) Sultan Kösen, will welcome the shortest man in the world, 2 ft 5.37 in (74.61 cm) He Pingping, to his native Turkey to celebrate the January 15 o ...

RED secures financing for the first Cadran commercial center in Romania (RO)

Immorent has funded RED's first Cadran commercial center that is to be developed in Husi, North East Romania. The €8 million financing is being provided by Immorent Romania, part of Erste Group A.G. ...

Union Investment makes property acquisitions totalling €1.6 billion (DE)

The portfolio expanded with focus on European core markets and major investment in sustainable buildings. Union Investment was again one of the most active players in the European real estate market i ...

Prime office space in sublease is finding its tenants (RU)

One of the big audit and consulting companies PricewaterhouseCoopers has signed a long term sublease agreement with one of the Moscow leading legal practices Norton Rose (Central Europe) LLP for 1,409 ...

CBRE appointed property manager for Deka Immobilien France Portfolio (FR)

CB Richard Ellis today announced that it has been appointed by Deka Immobilien GmbH as a property manager on half of its portfolio of properties in France. CBRE will manage 12 office, retail and logis ...

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