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First acquisition for Schroders Italian Property Fund 2: 12,300 m² office building in Milan (IT)

Schroders Property Investment Management Italy announced the first acquisition for the Schroders Italian Property Fund 2: a modern office building of some 12,300 m² (gross), situated in San Donato, M ...

Activum SG and STAM Europe acquire office building in Hannover from EuroHypo (DE)

Activum SG, a European real estate investor and manager, and partner, STAM Europe, have acquired a 19,500 m² office building in Hanover / Germany from Immobilienverwaltungsgesellschaft Grammophon Bü ...

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 ...

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 ...

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 ...

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. ...

Multi Development in the Netherlands to sharpen focus on retail (NL)

Multi is going to improve its focus on only developing multi-functional shopping centers and inner-city revitalization projects with retail at their heart.To assist this strategy Multi has sold its of ...

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