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Sonae SGPS and Grosvenor move to 50/50 Ownership in Sonae Sierra (PT)

Sonae SGPS has signed an agreement with Grosvenor for the sale of 17.04% of the share capital of Sonae Sierra to Grosvenor. The two companies now each hold 50% of Sonae Sierra's capital. Grosvenor's i ...

Pirelli RE Opportunities SGR to act as asset management company (IT)

Pirelli RE Opportunities SGR received the authorization from the Bank of Italy to act as an asset management company. Pirelli RE Opportunities SGR will be involved in the promotion, establishment and ...

Hypo Real Estate closes $167.1m first mortgage for acquisition of residential complex in California (DE/US)

Hypo Real Estate Capital Corporation ("HRECC") – the New York-based subsidiary of Hypo Real Estate Bank International – closed an 18-month, $167.1 million first mortgage on December 15 to Mo ...

Hines acquires approx. 600 acres in Las Colinas (US)

The Dallas office of Hines announced that it has acquired approximately 600 acres of the remaining undeveloped land in Las Colinas from the Las Colinas Land Limited Partnership. Terms of the sale wer ...

Sponda's SVP Lea Jokinen moves to new company (FI)

Lea Jokinen, Sponda Plc's Senior Vice President, Logistics Properties, has been appointed Property Director in Realprojekti Oy with responsibility for managing the property portfolio of Capman Oyj's r ...

Aareal Bank sets up property valuation company (DE)

Aareal Bank today hived off its property valuation business into a wholly owned subsidiary. The newly established Aareal Valuation GmbH is based in Wiesbaden, and has other offices in Essen, Berlin, L ...

IMMOEAST increases earnings to new record level (AT)

IMMOEAST Immobilien Anlagen AG achieved major successes in the first half year of 2005/06. The company expanded in scale with a large-scale capital increase at the beginning of the fiscal year. &# ...

Kungsleden acquires from Ramirent (SE)

Kungsleden AB (publ) acquires 18 properties from the Finnish company Ramirent for a total of SEK 186 mln. The acquisition has an estimated property yield of 8,6 %. The properties consists of parts of ...

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