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IVG generates sales profits of over €130 million in 2005 (DE)

(Revised article) The Bonn-based real estate group IVG Immobilien AG has concluded its sales programme for 2005 in line with forecasts. The final transaction was concluded at the end of December in Fi ...

Hines purchases La Jolla land parcel to develop office tower (US)

The San Diego office of Hines has announced that it has purchased a three-acre office development site in the University Town Center (UTC) submarket of San Diego, on which the firm plans to develop a ...

1,500 new apartments to be built in Kraków (PL)

A new housing estate with approximately 1,500 homes is to be built between ul. Wita Stwosza and ul. Rakowicka in Kraków. There are 2 investors for the project: Euro-Projekt and Bosacka Development Pa ...

EPRA publishes revised Best Practices Policy Recommendations (EUR)

EPRA, the European Public Real Estate Association, has published a set of revised policy recommendations from EPRA's Best Practices Committee. These recommendations include major changes and additions ...

Impregilo finalizes sale of Costanera Norte (IT)

Costanera Norte is to be sold to Autostrade S.p.A. and Sias S.p.A. at a price – computed on 100% of the company – of $282 million. Of this amount, $277 million will be paid at closing and $5 million ...

Successful initial closing ING Real Estate European Industrial Fund (NL)

On 31 December, ING Real Estate Investment Management closed its second pan-European industrial fund. The launching portfolio amounts to approximately €200 million and consisting of four prop ...

VastNed Retail acquires inner city development in Tongeren (BE/NL)

Intervest Retail, a 72.5% subsidiary of VastNed Retail, has signed a purchasing contract for the Julianus shopping centre located in Tongeren, Belgium, of approximately 8,900 m². The developer and ve ...

Hines' UK chairman steps down (US/UK)

Hines' top man in the UK, Philip Lewis, has left the firm after five years, returning the reins to the company's European/Middle East chief. Philip Lewis stepped down at the end of 2005. Hines' execut ...

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