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Land Securities to convert to REIT (UK)

Land Securities confirms that, following the Extraordinary General Meeting held today, 15 December 2006, at which shareholders approved changes to its Articles of Association, it will be taking the ne ...

Pirelli RE Facility Management acquires Ingest Facility from FIAT Group (IT)

Pirelli RE Facility Management (PREFM) has signed a binding agreement for the acquisition of a 100% interest in Ingest Facility from Business Solutions (a FIAT Group company) with an enterprise value ...

Skanska to build office in USA for US$100 million (SE/US)

Skanska has been awarded a contract to manage construction of an office project in the US. The contract amounts to US$100 million, about €71 million, which is included in order bookin ...

Hypo Real Estate Bank finances project in Hamburg (DE)

Hypo Real Estate Bank AG is financing the 'Wallhöfe' project of Deutsche Immobilien AG and HAMBURG TEAM Gesellschaft für Projektentwicklung in the Neustadt quarter of Hamburg. The financing volume t ...

British Land sells two retail parks for approx. €42 million (UK)

British Land has exchanged contracts to sell two retail parks to Invista Fund Management for a total consideration of approximately €42 million (£30.3 million). The parks are Queens ...

Europa Immobiliare No.1 completes first acquisition in the Netherlands (NL)

Cordea Savills, on behalf of Europa Immobiliare No.1, an Italian-domiciled property fund for private investors, has completed its first acquisition in the Netherlands, buying the office headquarters o ...

Deutsche EuroShop purchases shopping center in Passau, Bavaria (DE)

Deutsche EuroShop has acquired a 75% interest in the Stadt-Galerie Passau in Bavaria. The proportional investment volume amounts to around €95 million. Investment partner is the ECE Group, wh ...

Citycon to acquire Tumba Centrum shopping center nearby Stockholm (SE/FI)

Citycon has signed an agreement to buy all Tumba Centrumfastighets AB shares from Doughty Hanson & Co for approximately €60.8 million (SEK 550 million). The company owns Tumba Centrum, a ...

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