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Sweet Homes awards AED 450m construction contract to Master Civil Construction (UAE)

Sweet Homes, a leading UAE-based developer and total solutions provider to the real estate sector, has awarded an AED 450-million (ca. €81m) contract to Sharjah-based Master Civil Constructio ...

Warimpex sells Dvořák Spa Hotel in Karlovy Vary (AT/CZ)

Warimpex Finanz- und Beteiligungs AG has sold its shares in the project company that owns the Dvořák Spa Hotel in the Czech city of Karlovy Vary to a subsidiary of Raiffeisen-Leasing. ...

JLL: Investment in commercial real estate in Europe down 55% year on year (EUR)

Direct investment into commercial real estate in Europe for 2008 will likely come in between €105 and €110 billion, according to latest research from Jones Lang LaSalle. This figure is down some 55% ...

Nieuwe Steen Investments sells six properties and renews credit facilities (NL)

Nieuwe Steen Investments N.V. has recently sold six retail properties to several investors and developers. The sale price for the six properties amounts to €19.2 million. Furthermore, Nieuwe Steen In ...

Leasinvest Real Estate further diversifies its portfolio into retail in Luxembourg (LU/BE)

Leasinvest Immo Lux, a 96.5% subsidiary of Leasinvest Real Estate, has acquired three commercially very well situated retail sites/buildings, rented for 100%, situated in Strassen, Diekirch and Foetz. ...

Skanska awarded Brooklyn Bridge Park contract in New York for US $48m (US/SE)

Skanska has been awarded Phase 1 of the Brooklyn Bridge Park project in New York City. The contract amounts to USD 48 million, which is included in order bookings for the fourth quarter of 2008. The c ...

Eurocommercial Properties announces sale of office building in Amsterdam (NL)

Eurocommercial Properties (ECP) has announced that it has exchanged contracts to sell its office building located at Kingsfordweg 1 in Amsterdam, the Netherlands, to a consortium led by White Estate I ...

Hypo Real Estate Group decides upon strategic realignment and restructuring

The Management Board and Supervisory Board of Hypo Real Estate Group have decided upon the strategic realignment and restructuring of the Group. The company will adapt its business model to the profou ...

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