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JLL launches Property and Facility management department, Russia & CIS

Jones Lang LaSalle launches a completely new department to focus solely on complex Property and Facility Management services. The newly announced business line will complement the already existing Ret ...

Tesco quits the US after profit drop (UK/US)

Philip Clarke, Chief Executive: "The announcements made today are natural consequences of the strategic changes we first began over a year ago and which conclude today. With profound and rapid change ...

Potential development at Diageo's Kilmarnock site (UK)

An exclusivity agreement has been signed between Diageo and Kilmarnock-based Klin Group to allow the potential development of the company’s former packaging plant in the interests of the local commu ...

Mark Prisk announces first 45 projects of £1 bln build-to-rent fund (UK)

The minister announced the first 45 projects to be taken forward using the £1 billion (approx. €1.17 billion) Build to Rent Fund. Mr Prisk said that the innovative new projects, a quarter of which ...

Schroder REIT completes loan re-financing with Canada Life (UK/CA)

Schroder Real Estate Investment Trust Limited announces that it has now completed a new £129.58 million (approx. €150 million) loan facility with Canada Life to refinance its £114.5 million (appro ...

Clifford Chance advises ABN AMRO on financing construction of Solliance Building (NL)

International law firm Clifford Chance advised ABN AMRO Bank NV in its role as lender of a loan to the Chalet Group for the construction of the Solliance Building, a high tech building located at the ...

Footfall increases by 110% in five years at Ikea Shopping Centers Russia's malls (RU)

Footfall has increased by 110% in just five years at IKEA Shopping Centers Russia’s (IKEA SCR) 14 MEGA branded malls, spurred by intelligent asset management that attracts both Russian consumers and ...

Commerz Real to lease major office HQ in Stockholm (SE)

Commerz Real Investmentgesellschaft mbH, the fully-owned subsidiary of Commerz Real AG, has appointed Cushman & Wakefield as lead leasing agent, working together with property management company N ...

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