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AXA Real Estate raises €588.5 million for European Development fund

AXA Real Estate Investment Managers announces the final close of its pan-European development fund, Development Venture III, having raised €588.5 million of total equity. The Fund has so far invested ...

Union Investment acquires new heart of Düsseldorf's Airport City from STRABAG Real Estate (DE)

Union Investment has expanded its high-quality property portfolio in Düsseldorf with the acquisition of the new Airport Gardens building. The multi-tenant office building, developed by STRABAG Real E ...

River Garden Office in Prague to be financed by Česká spořitelna (CZ/SK)

The HB Reavis Group, a developer of sustainable projects, has announced that it has secured a bank loan financing in a total amount of €32.9 million for its office project River Garden Office in Prag ...

The Peel Group submits plans for new phases at MediaCityUK (UK)

The Peel Group has unveiled ambitious plans over the next 20 years for further phases of MediaCityUK at Salford Quays. Peel is seeking outline approval from Salford City Council for an additional 459, ...

Union Investment Real Estate sells Aile Sud office building in Boulogne-Billancourt to TF1 (DE/FR)

Union Investment Real Estate has sold the 'Aile Sud' office building to TF1, the largest private TV channel in France. The sale price is not disclosed. Ail ...

LGP acquires BT Gatwick office and secures 20-year lease with Nestlé (UK)

Legal & General Property ('LGP') announces that it has acquired 1 City Place in Gatwick from RREEF for £39 million (approx. €47 million), whilst completing the surrender of BT's lease on the pro ...

Pramerica acquires 175,000-ft² Glasgow office building for £70 million (UK)

Pramerica Real Estate Investors announces that it has completed the acquisition of 141 Bothwell Street, a 175,000-ft² (approx. 16,250-m²) grade-A office building, for a total consideration of around ...

Heitman acquires second office portfolio in Hungary (HU)

Heitman European Property Partners IV (HEPP IV) the American-based property investment fund, finalized the acquisition of its second Hungarian office portfolio at the end of 2011. ...

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