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Sainsbury’s Bank signs lease for new office space in Edinburgh (UK)

Following five years of consecutive profit growth and a 20% year on year increase in colleague numbers, Sainsbury’s Bank is moving its office to a new building in Edinburgh. The new office, which is ...

Largest single-asset deal in Austria signed in Vienna (AT)

Colliers International has completed the largest commercial property deal (per m²) in Austria, with the leasehold sale of a mixed-use building in Vienna city center for €23.3 million to Viennese co ...

C&W: Increased investor activity in the UK as prime yields hit two-year low (UK)

UK prime yields now stand at an average of 5.72% – the lowest point since October 2011 – after falling 5bp in July and 12bp over the last 12 months as a whole, according to data published by Cushm ...

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 ...

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