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ING Real Estate acquires retail park in Brunn, Austria (AU/NL)

ING Real Estate Investment Management has acquired the Shopping Center 17 in Brunn am Gebirge, Austria. The project will be contributed to the ING Real Estate Property Fund Central and Eastern Europe ...

CB Richard Ellis acquires leading building consultant and architectural specialist in Spain (ES/UK)

CB Richard Ellis Group, Inc. has acquired FM Arquitectos, a leading building consultant and architectural firm in Spain. The acquisition is another important step in CB Richard Ellis' strategy to expa ...

Hypo Real Estate Bank finances residential portfolio in Sweden (SE/DE/DK)

Hypo Real Estate Bank International AG, a member of Hypo Real Estate Group, has provided a ca €240-million (SEK 2.25 billion) investment financing to PG Svenske Boliger AB, a vehicle set up b ...

NCC to build 300 apartments in Oslo for approx. €54 million (NO)

NCC Construction AS in Norway has concluded an agreement worth approx. €54 million (SEK 548 mln) with Sørkedalsveien 9 AS concerning the construction of 300 new apartments in Oslo, Norway. T ...

Beni Stabili signs preliminary contract for purchase of property in Milan (IT)

Beni Stabili has announced that it has signed a preliminary contract for the purchase of a retail property, located in Via Verri in Milan, owned by the Zegna Group. The purchase price is €28 ...

Sungwon Corporation to invest $500 mln in mixed-use project in Dubai's Culture Village (UAE/KR)

South Korea-based Sungwon Corporation are to invest approx. €348 million ($500 mln) in a mixed-use project in Dubai's Culture Village. The project involves a 32-story office tower and ...

French returns top 20% in all four sectors (FR)

French property total returns exceeded 20% at the end of 2006 with a total return of 21.7%, the highest level since 1998. Over the 3-year and 5-year periods to 2006, total returns were 15.6% per year ...

Fabege sells eight properties in Sweden for approx. €132 million (SE)

Fabege has sold eight properties in Årsta and Botkyrka to Diös & Kuylenstierna Förvaltning AB for approx. €132 million (SEK 1,350 mln). The sale will result in an after-tax gain of abo ...

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