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ProLogis to develop 32,000-m² distribution facility for Michelin in Southwestern France (FR)

ProLogis has signed an agreement to acquire a 79-acre (32-hectare) property from Michelin in the French city of Poitiers. The parcel is the site of a recently closed Michelin manufacturing plant. ProL ...

Select Property Fund breaks £1bn barrier (UK)

Standard Life Investments, one of the largest property fund managers in Europe, announced that its Select Property Fund has broken the €1.4 billion (£1bn) barrier in less than 15 months sinc ...

Sparinvest Property Fund holds final closing at €452 million (DK)

In December 2006, Sparinvest Property Fund, the global property fund of funds, held its final closing with total commitments of €452 million ($640 mln) from 11 Danish institutional investors. ...

Deka Immobilien buys real estate for closed-end funds (DE)

Deka Immobilien acquired commercial and retail property for a total amount of €120 million over the past weeks. The properties were bought for two closed funds which aim at institutional investors. T ...

MJ Gleeson Group names Paul Wallwork as CEO (UK)

Property services group MJ Gleeson Group named Paul Wallwork its chief executive officer, effective immediately. Wallwork was the interim CEO after Terry Massingham resigned as the chief executive of ...

JER Partners and GE Real Estate sell 90 Long Acre London (UK)

JER Partners ('JER') and GE Real Estate ('GE') have exchanged contracts to sell 90 Long Acre in Covent Garden, London to New York based Witkoff Group and London based DCD Group for €243 milli ...

Tishman Speyer secures major leasing deal in Paris (FR)

Tishman Speyer announced today that it has secured the second largest leasing deal in central Paris of 2006 at its landmark office building, Lumière.Natixis, a leading player in the French financial ...

JER sells the Marriot Courtyard Hotel in Paris (FR)

JER Partners (JER) has disposed of its 50% stake in the Marriot Courtyard hotel in Paris. The property, which is located in Neuilly-sur-Seine, is a 242-room, four-star full service hotel with approxim ...

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