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ING Real Estate acquires Stadtgalerie Heilbronn from ECE (DE/NL)

ING Real Estate Investment Management has agreed to acquire the Stadtgalerie Heilbronn shopping mall development from ECE Projektmanagement for a total investment sum, including any tenant improvement ...

Dutch property total returns increase for fifth year running (NL)

The total return for 2006 on all commercial property in the Netherlands was 12.5%, the highest since 2000. This positive result was significantly higher than the bond return at - 1.1%, but below the e ...

Hines announces second fund partnership with CalPERS targeting Mexican market (US/MX)

Hines and the California Public Employees' Retirement System (CalPERS), announced an agreement that closes a second $100 million fund to invest in the Mexican real estate market. The fund, nam ...

British Land and PREF to acquire shopping center/retail park in Murcia, Spain for €350m (ES/UK)

British Land and the closed-end fund PREF have formed a joint venture to acquire a prime regional shopping center and retail park in Murcia, Spain for circa €350 million from Deparcom (a join ...

HSH Nordbank finances Gecinas Défense Ouest office project in Paris with €220 million (FR/DE)

HSH Nordbank is providing the finance as lead arranger, amounting to €220 million, for the French real estate company Gecina SA to acquire the Défense Ouest real estate project. Gecina, in w ...

Curzon/IXIS AEW Europe acquires €247m portfolio in Italy (IT/UK/FR)

Curzon Global Partners / IXIS AEW Europe has acquired a portfolio of 308 assets with a total value of €247 million on behalf of European Property Investors L.P. from a joint venture between M ...

ECE and Advance Properties create new Urban Quarter in Sofia (BU/DE/UK)

Advance Properties Ltd. and ECE Projektmanagement, together with Balkancar Sredez AD and GTM-Angel Balevski EAD, are building Europe Park, a new urban quarter in the Bulgarian capital Sofia. Europe Pa ...

Aberdeen launches new European Fund of Property Funds (UK)

Following the successful launch of its European and Asian fund of funds, Aberdeen Property Investors, the specialist property division of Aberdeen Asset Management plc, has announced the launch of a n ...

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