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UK housing Minister launches £225 million fund to get stalled sites back on track (UK)

Housing Minister Mark Prisk has launched a £225 million (approx. €260.7 million) fund to help unlock large-scale, locally led developments and get Britain building.  The minister said he was usin ...

Savills predicts stronger hotel investment volumes in the UK and the US in 2013 (UK)

According to Savills latest global hotel investment overview, 2013 could be a significantly stronger year for international hotel investment with the UK and US markets leading the way. The firm predic ...

Schroder REIT: Loan re-financing agreed with Canada Life Investments (UK)

Schroder Real Estate Investment Trust Limited announces it has entered into an agreement with Canada Life for a new loan facility to refinance its existing securitized loan in full. Drawdown of the ne ...

MIPIM Awards 2013: And the winners are...

The 23rd MIPIM Awards took place yesterday during MIPIM, the world’s property market. The results were announced at a ceremony held in the main auditorium of the Palais des Festivals in Cannes. ...

HOK master plan for $2.6 bln Istanbul International Financial Center now under construction (TR)

HOK developed the master plan for the Istanbul International Financial Center (IIFC) in Turkey, which is being built on a 170 acre site on the city's Asian side. The Turkish government's goal for the ...

Starwood to open 50 new hotels across the Middle East and Africa in the next five years

Starwood Hotels & Resorts Worldwide, Inc. is strengthening its position as the leading hotel operator across the Middle East and Africa (MEA)region with an existing portfolio of 82 hotels, represe ...

Invesco Real Estate snaps up prime Prague office property for circa €38 mln for German fund (CZ)

Invesco Real Estate (IRE), the global real estate investment manager, is pleased to announce that it has acquired the office property Stara Celnice in Prague 1 for circa €38 million on behalf of the ...

ICSC: Euro-Shop Index plummets in February (EU)

The International Council of Shopping Centers (ICSC) reported that its pan-European survey of shopping-center industry business conditions for February 2013 showed a sharp reversal of fortunes on the ...

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