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Plaza Centers executes agreement for sale of Arena Plaza in Budapest (HU/IL/UK)

Plaza Centers N.V. has executed a binding agreement for the sale of its Arena Plaza shopping and entertainment center in Budapest to UK based Active Asset Investment Management ('aAIM'), one of the UK ...

Warimpex and Vienna International finalize entry onto Romanian market (RO/AT)

Warimpex Finanz- und Beteiligungs AG has completed its entry onto the Romanian market, closing the acquisition of the Sky Gate hotel in Bucharest effective 8 August 2007. Warimpex now owns 99.98% of S ...

BVIC to complete shopping center in Greece (GR)

BVIC SA has completed the demolition of the existing buildings on the Votanikos site, and has already started with its excavation. The company has made significant progress on the project having recei ...

GPT Halverton opens office in Dusseldorf (DE/UK)

GPT Halverton, formerly Halverton Real Estate Investment Management, has opened an office in Dusseldorf. With offices in Frankfurt, Berlin, Hanover and Munich, GPT Halverton has extended its presence ...

Cityscape Dubai 2007 to break industry records (UAE)

Due to the overwhelming success of Cityscape Dubai 2006 and the immediate demand for exhibition space for 2007, IIR Middle East, the organiser of Cityscape Dubai, has increased the amount of space ava ...

Christof Schörnig resigns from Management Board of Aareal Bank (DE)

Aareal Bank has announced that Christof M. Schörnig has resigned as a member of the Management Board with effect from 8 August at his own re-quest to pursue new career options elsewhere. His departur ...

IMMOEAST buys office property in Prague for €110m (CZ/AT)

IMMOEAST has purchased the Gamma office property in Prague. The property in the BB Centrum office complex provides 42,800 m² of floor space and is leased to telecommunications giant Telefonic ...

Land Securities sells Greater London House to Lazari for £165m (UK)

Land Securities has exchanged contracts for the sale of Greater London House, Hampstead Road, London NW1 to Lazari Investments for approximately £165 million (approx. €225 million).T ...

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