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Start of construction on Árkád II in Budapest (DE/HU)

Construction work on the shopping center Árkád II in Budapest (Hungary) has started. Árkád I located at the Örs vezér tere square was opened nearly 10 years ago. The center's economic success co ...

Orco Property Group completes agreement to sell Russian assets for €53 million (RU)

Orco Property Group has completed the agreement to sell its stake in its Russian operations to a local investor.This €53-million sale includes the logistics business, the residential projects, the of ...

Prelios, Highstreet portfolio: three department stores rented to Karstadt sold to ECE (DE)

Prelios announces that Karstadt property owner Highstreet has closed a sales agreement for three department stores with ECE Projektmanagement GmbH & Co. KG, a German real estate company. All the s ...

Cushman & Wakfield: Boost for central Londons office leasing market (UK)

Despite the weak economic conditions and uncertainty about prospects for recovery, Q3 2011 saw good leasing activity in Central London, according to global property consultant Cushman & Wakefield. ...

ARCADIS to merge with EC Harris (NL/UK)

Arcadis, the international design, consulting, engineering and management services company, has announced that it has signed a merger agreement to acquire the full ownership of EC Harris LLP, an inter ...

Goodman receives planning consent for Thurrock park (UK)

Goodman has been granted planning consent at its Thurrock commercial park in Essex, UK, which will enable the company to deliver a 130,000-ft² (approx. 12,000-m²) facility for A&N Media.Goodman ...

IVG acquires Warsaw CBD office building (DE/PL)

IVG Warschau Fonds, an investment fund managed by IVG Institutional Funds GmbH, has acquired N21, a fully leased 3,500-m² class-A office building situated in Warsaw's central business district.The pr ...

AXA Real Estate acquires the IBIS London City Hotel for £38 million on behalf of CIS (UK)

AXA Real Estate Investment Managers announces that it has completed the acquisition of the IBIS London City Hotel for £38.35 million (approx. €43.7 million), on behalf of the Co-operative Insurance ...

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