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Hines and Crescent purchase Irvine land parcel (US)

Hines has announced that it has purchased a 1.2-acre land parcel in Irvine, CA, in a joint venture with Crescent Estate Equities Company. Hines will develop a proposed 12-story, 260,000-square-foot, C ...

Aareal Bank finances new project by HRO (FR)

Aareal Bank will finance a new project to be built by HRO/Baupost. The financial establishment has signed the financing of a global amount of €200 million for the construction of a new office buildi ...

Liberty International appointment of new chairman (UK)

Liberty International PLC has announced the appointment of Sir Robert Finch as Chairman with effect from 1 July 2005.Sir Robert Finch is the immediate past Lord Mayor of London, the most senior London ...

Kungsleden makes acquisitions (SE)

Listed property corporation Kungsleden AB (publ) is acquiring 32 properties for a purchase price of SEK 750 mln. including transaction costs, at an estimated property yield of 7.5%.The properties are ...

Unibail: development of a commercial complex at Levallois (FR)

The City of Levallois (92 Hauts-de-Seine), has selected Unibail to acquire and develop a commercial property complex located in the Eiffel district, adjacent to Paris.The project will develop a total ...

Westfield Group raises A$2.35 billion in Eurobond market (AUS)

The Westfield Group overnight priced its inaugural debt issue in the Eurobond market comprising: 600,000,000 7-year fixed rate guaranteed notes at a spread of 60 basis points over mid-swaps with a cou ...

Alecta real estate manager joins Schroders

The manager of Swedish pension fund Alecta's European real estate portfolio is leaving to join Schroder Property Investment Management. Neil Turner, who looked after €1.2bn of real estate assets for ...

Unibail and Bail Investissement form partnership to own, manage and develop two shopping centers (FR)

Bail Investissement and Unibail have announced their partnership on two shopping centers: Rennes-Alma in the South of Rennes and the Usine Center in Vélizy-Villacoublay in Paris Western outskirts. Th ...

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