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Marriott to sell three EDITION hotels for $800 million

Marriott International, Inc. has recently entered into a non-binding letter of intent for the sale of three EDITION hotels subject to long-term management agreements. The three hotels (located in Lond ...

Amstar and Renaissance sell Aura Shopping Center in Novosibirsk, Russia to RosEuro Development (RU)

Amstar has sold Aura Shopping Center in Novosibirsk, the third largest city in Russia, to RosEuro Development. Sources close to the transaction have identified the sale as the largest ever retail real ...

Prime Office sells Hufelandstrasse 13, 15 in Munich (DE)

Prime Office REIT-AG agreed with WealthCap on the sale of the office building in Hufelandstrasse 13, 15 in Munich. Under the sales contract, the rights and obligations in connection with the proper ...

Cordea Savills buys 29 Clement’s Lane for £40 million (UK)

Cordea Savills, the international property investment manager, has purchased 29 Clement’s Lane (also known as 33 Lombard Street) in London EC3 for £40 million (approx. €46.9 million) on behalf of ...

Goodman grows full year operating profit to $544 million, ahead of target

Goodman Group (Goodman or Group) announced its results for the full year ended June 30, 2013, delivering an operating profit of $544 million, which is forecast to grow to $594 million in FY14. Good ...

Europacity Berlin: Cornerstone laid for John F. Kennedy Haus (DE)

The cornerstone for the John F. Kennedy Haus was laid today, marking 50 years since Kennedy's famous declaration to Berlin and its citizens ("Ich bin ein Berliner") and the anniversary of the building ...

£12.1 million PaddingtonCentral termination agreement signed (UK)

Development Securities signed a £12.1 million (approx. €14.2 million) agreement with Aviva Investors and British Land to terminate its development management contract at PaddingtonCentral. Furth ...

Deka Immobilien buys office complex Rheinwerk II in Bonn (DE)

Deka Immobilien GmbH has bought the office complex Rheinwerk II in Bonn’s Bogen. The parties agreed not to disclose the purchase price. The seller was KGAL GmbH & Co. KG, a leading German asset ...

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