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Hypo Real Estate Bank AG finances the purchase of DGAG Deutsche Grundbesitz AG by Pirelli RE (DE)

Hypo Real Estate Bank AG is financing the purchase of 96.83% of DGAG Deutsche Grundvermögen AG (DGAG) by the Italian Pirelli & C. Real Estate S.p.A. (Pirelli RE). For this purpose, the bank has n ...

Société de la Tour Eiffel acquires former Cogema HQ in Velizy (FR)

Société de la Tour Eiffel has agreed terms with Areva for the acquisition of the former Cogema headquarters located on a strategic site in the renowned Velizy business park to the south west of Cent ...

ING Real Estate appoints Jan Vermaas Head of European Non-Listed Funds (NL)

ING Real Estate has announced the appointment of Jan Vermaas (1959) in the new position of Head of European Non-Listed Funds effective 15 January 2007. Jan Vermaas will be responsible for the overall ...

Aberdeen creates new property development company in Scandinavia (NO)

Aberdeen Property Investors and the investment bank SEB Enskilda announce the establishment of a major property development company in the Scandinavian market, Scandinavian Property Development ASA. T ...

Office rents rise in key global business centers

Prime office rents increased in all 10 major global business centers in 2006, with four posting increases of more than 20%, according to new research from CB Richard Ellis (CBRE). The increase in ren ...

Standard Life Investments launches two global REIT Funds (UK)

Property Fund Manager Standard Life Investments has announced the launch of two innovative, new global property funds aimed at institutional and retail investors in the UK and Europe. The Global REIT ...

GE Real Estate acquires German property specialty fund for €420 million (DE)

GE Real Estate Germany has acquired 100% of a German specialty property fund ('Immobilienspezialfonds') managed by by iii-investments for €420 million. The Fund's portfolio comprises 12 offic ...

Zueblin announces transactions with positive impact on vacancy rate (CH)

Züblin Immobilien has announced several positive developments in its European real estate portfolio. After its approx. €60 million (CHF 104 mln) capital increase in October 2006, Züblin has ...

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