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Gecina sells 78.000 m² office properties to Inovalis (FR)

Gecina and Inovalis announce the signature of a promissory agreement for Inovalis to acquire a series of office properties representing some 78,000 m², for a total of €304 million. T ...

Skanska to build shopping center in northern Finland for €34 million (FI)

Skanska has been contracted to build a new shopping center in Rovaniemi, Finland. The contract amount is €34 million, which is included in order bookings for the third quarter of 2006. The cu ...

GTC to develop a prestigious office project in Romania (PL/RO)

GTC is to develop two A-class office buildings on Piata Presei Libere in Bucharest, close to the Sofitel hotel and the Romanian exhibition center. The property is located on the main road connecting t ...

Deutsche Bank to acquire MortgageIT Holdings, Inc. (DE)

Deutsche Bank announced the signing of a definitive agreement to acquire MortgageIT Holdings, Inc., a residential mortgage real estate investment trust (REIT), for $14.75 in cash per share of common s ...

St. Enoch Centre partners submit large-scale redevelopment plan to city (UK)

An ambitious plan to redevelop Glasgow's St. Enoch Centre shopping complex was unveiled today by joint owners The Mills and Ivanhoe Cambridge. The proposal, which is expected to have an initial inves ...

Withdrawal of AGI European Property Trusts IPO Properties remain in GRUNDWERT-FONDS (DE)

Due to shifting investor interest in the light of global REITs developments, Allianz Global Investors Australia has announced its decision to withdraw the IPO of the Allianz Global Investors European ...

Germany's property market is attractive (DE)

In the first half of 2006, a total of 152 commercial property transactions were conducted in Germany, worth €21.34 billion, say the researchers at DEGI Deutsche Gesellschaft für Immobilienfo ...

Beni Stabili acquires 40% of Promim srl (IT)

Beni Stabili has today purchased 40% of Promim Srl from SO.GE.PA. S.p.A. Beni Stabili's investment is €2,000,000. Promim srl controls 100% of Sviluppo Napoli S.p.A, which owns a number of high-qualit ...

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