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Intervest Retail sells Factory Shopping Messancy (LU)

Property investment fund Intervest Retail has sold its factory outlet center 'Factory Shopping Messancy', located in Messancy, Luxembourg, for €12 mln. The buyer is a property fund managed by Henders ...

Sponda sells residential building rights in Helsinki for some €13m (FI)

Sponda Plc has sold to VVO group and Tapiola Mutual Life Assurance Company a plot of land designated for housing production in the Itäkeskus district of Helsinki for approximately €13 millio ...

Plaza Centers heads to Bulgaria (BG)

Plaza Centers has made its first foray into Bulgaria with a €38 mln. retail development.The listed European shopping center investor has bought a shopping and entertainment development in Shumen, the ...

3i considers taking interest in TCN (NL/UK)

The British investment company 3i is in negotations with TCN Property Projects about a participation with the Dutch developer. Rudy Stroink, CEO of TCN, expects that an agreement will be signed before ...

UAE applauds latest environmental initiatives (UAE)

Japanese experts present energy-saving Cool City as solution for escalating carbon footprint and model for the global environment.The United Arab Emirates is driving initiatives to minimize the negati ...

GE buys £2 bln. (approx. €2.6 bln) of property loans (UK)

GE Real Estate has defied uncertainty in the property and financial markets and bought a £2 bln. (approx. €2.6 bln.) portfolio of UK commercial property loans from Bradford & Bingley.The portfol ...

PRUPIM acquires long leasehold interest in Woluwé Atrium in Brussels (BE)

PRUPIM has entered into a leasehold agreement for the building in Woluwé Atrium in Brussels' Souverain-Woluwé sub-market for a net price of around €39 mln., reflecting a yield of approximately 5.7% ...

TK Development announces unique multifunctional project in Poland (PL/DK)

During MAPIC, TK Development has presented the plans for a unique mixed-use project in the center of Gdansk - Stocznia. Stocznia will be the largest mixed-use complex not only in Gdañsk, but also in ...

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