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Canadian fund acquires discount hotel chain from Accor (CA)

The property subsidiary of Caisse de dépôt et placement du Québec, Canada's largest pension fund, has acquired Red Roof Inns, a chain of US hotels from Accor for US$1.32bn (€960m). Cadim, the subs ...

LaSalle Investment Management completes sale of Rolls-Royce Training & Development Centre (UK)

LaSalle Investment Management has announced the sale of the Rolls-Royce Training & Development Centre in Derby to a private buyer. The property was sold for approx. €16.5 million (&#1 ...

HSBC agrees sale and leaseback of Global Headquarters in London (UK)

HSBC has agreed the sale and leaseback of its head office building in Canary Wharf, London for £1.09 billion, the largest single property deal in UK history.A wholly-owned subsidiary of Metrovacesa, ...

INREV appoints PGGMs Johan van der Ende as new Chairman (EUR/NL)

INREV (the European Association for Investors in Non-Listed Real Estate Vehicles), has appointed Johan van der Ende, as its new chairman. Van der Ende (48) is Chief Investment Officer for Strategy and ...

ORCO takes over Berliner GSG (DE)

The ORCO Property Group, together with the Morgan Stanley Real Estate FUND V (MSREF V) is to take over the state-owned Gewerbesiedlungs-Gesellschaft mbH. With about 800,000 m² commercial and light in ...

Simon Property Group announces Q1 results and quarterly dividends (US)

Simon Property Group, Inc. has announced results for the quarter ended March 31, 2007: Funds from operations ("FFO") of the Simon portfolio for the quarter increased 9.3% to $392.4 million from $358 ...

Abu Dhabi to get unique Desert Island destinations (UAE)

Abu Dhabi – the largest of the seven emirates making up the United Arab Emirates and home to the capital city – is to create a unique multi-experience tourism destination, a culmination of the natur ...

Züblin changes group management structure (CH)

Züblin Immobilien Holding AG, the Swiss-based international property company, is expanding its group management.The current CEOs of the subsidiaries in France (Mr. Pierre Essig) and Germany (Dr. Oliv ...

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