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Sorgente Group and Bizzi & Partners to join forces in the development of the ex Falck Area (IT)

Sorgente Group and Bizzi & Partners Development lay down the foundations for an alliance aimed at recovering and developing the ex Falck Area within Sesto San Giovanni according to a master plan d ...

Cornerstone acquires 40 Gracechurch Street in London for £94 million (UK)

Cornerstone Real Estate Advisers announced that it has purchased 40 Gracechurch Street, a Grade A office building in Central London, for £94 million (approx. €107.6 million) on behalf of a new sepa ...

Deutsche Asset & Wealth Management and Borletti Group sell Printemps department stores to Qatari investor (FR)

Deutsche Asset & Wealth Management, owner of 70% of French Printemps department stores, has agreed to sell its  stakes to a Qatari investor. The French luxury retail chain has been purchased ...

CBRE: European shopping center development grows 50% in 2013 - Turkey, Russia most active markets (EU)

An unprecedented 11.9 million m² of shopping center space is currently under construction in Europe, representing a 50% increase year-on-year (7.2 million m² in 2012), according to the latest resear ...

pbb Deutsche Pfandbriefbank to provide financing of €208 million for Deutsche Annington (DE)

pbb Deutsche Pfandbriefbriefbank has refinanced two real estate portfolios for Deutsche Annington. The entire loan volume of the transaction amounts to €208 million. The loan agreements were sign ...

GLA announces Mace and Essential Living JV as developer for £100 mln Elephant & Castle tower (UK)

The Mayor of London, Boris Johnson, has struck a ground-breaking deal that will see institutional investment used, for the first time in the UK, to build a large-scale residential rental development. ...

Pramerica Real Estate Investors announces new CEO

Pramerica Real Estate Investors announced today that Eric Adler has been named CEO, succeeding Allen Smith. Pramerica, among the largest real estate investment management and advisory businesses in th ...

Deka Realkredit Klassik acquires financing for Empire State Building in New York (DE/US)

Deka Realkredit Klassik, a debt fund, has invested in the senior tranche of a commercial property loan granted by DekaBank. The tranche volume amounts to US $20 million (approx. €15 million). The lo ...

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