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GE Real Estate sells 5 Savile Row, London, in £51-million transaction (UK)

GE Real Estate UK has sold 5 Savile Row, London, W1 to ING Central London Fund for £51.4 million (approx. €71 mln) reflecting a net initial yield of 4.15% after expiry of rent free p ...

EUROFFICE Fund oversubscribed (EUR)

IXIS AEW Europe/Curzon has announced the third and final closing of the Euroffice Fund that brings the total size of the Fund to €350 million. Euroffice is a core office fund that invests in ...

AM appoints Renée Hoogendoorn as Managing Director area development (NL)

Per 1 June 2007, ir. Renée Hoogendoorn (49) will join AM as Managing Director area development. In addition, she will become Deputy Director of AM Grondbedrijf. As Managing Director Strategische Proj ...

Dawnay, Day Group announce their first US property acquisition (US/UK)

Dawnay, Day Group London based, diversified international financial and property Group, has announced that it has acquired one of the largest property collections in Manhattan, New York close to the a ...

Jones Lang LaSalle opens office in Turkey (TU/UK)

Jones Lang LaSalle has opened an office in Turkey and has won the property management and leasing contract at the country's largest shopping center, the 346,000-m² Istanbul Cevahir retail and ...

Aareal Bank sells portfolio of SPLs and NPLs to Merrill Lynch (DE/US)

Aareal Bank has sold another portfolio of sub- and nonperforming loans (SPLs/NPLs) to Merrill Lynch's Global Principal Investments ("ML GPI"). The parties have agreed not to disclose the terms of the ...

Centuria Capital to develop Centuria Heights office tower in Dubai (UAE)

Centuria Capital, the Dubai subsidiary of the Paris based investment bank Financiere Centuria, has launched its first development in Dubai, Centuria Heights, a $68-million (approx. €4 ...

Zueblin announces new local management in Germany and the Benelux (CH/DE/NL)

Züblin has announced two appointments for local management in Germany and the Benelux. On 1st April 2007, Dr. Oliver Bäumler will start as CEO in Germany and Joost Bakker will start as Regional Asse ...

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