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Pramerica raises $700 million for global real estate opportunity fund (US)

Pramerica Real Estate Investors has announced that it has raised approximately $700 million for its PRECO III closed-end, commingled real estate opportunity fund. The fund invests in private ...

Doughty Hanson & Co European Real Estate II closes on €560 million (UK)

Doughty Hanson has announced that it has closed Doughty Hanson & Co European Real Estate II, its second real estate fund, with commitments of €560 million. Investors in the Fund from Euro ...

Landmark €160 million re-financing for Moscow Ritz Carlton hotel (RU)

Merrill Lynch Capital Markets Bank and Germany's Aareal Bank have signed the €160 million (US$205 million) re-financing of The Ritz-Carlton Hotel in Moscow. The new credit facility fo ...

Standard Life Investments to launch UK Property Development Fund (UK)

Standard Life Investments has announced that it has commenced marketing for the proposed launch of its Standard Life Investments' UK Property Development Fund and is targeting equity of between approx ...

ProLogis leases 521,000 ft² in Dallas (US)

ProLogis has announced that is has signed two leases totaling more than 521,000 ft² at ProLogis Park Mesquite, an industrial park it operates outside Dallas. BISSELL Home Care, a leading man ...

Land Securities completes purchase of Arundel Great Court in London (UK)

Land Securities announces that it has completed the purchase of the head leasehold of Arundel Great Court, Strand, London WC2 from an overseas private owner for a total consideration of approximately ...

Sal. Oppenheim achieves earnings boost in first half of 2006 (DE)

Following the record results for financial year 2005 published just three months ago, the latest figures for Sal. Oppenheim jr. & Cie. show that the Bank's growth continues unabated. As at 30 June ...

DIFA-GRUND invests in Luxembourg for the first time (DE/LU)

Hamburg-based DIFA Deutsche Immobilien Fonds AG - part of the Union Investment Group - has acquired the L'Unico development project in Luxembourg from Belgian developer Construction & Investment P ...

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