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SFL unwinds the Village Victor Hugo financing ahead of term

Société Foncière Lyonnaise (SFL) has reimbursed ahead of term the VVH Mandatory Convertible Bonds issued to Prédica and Pacifica (Crédit Agricole Goup), by converting the bonds into shares of SCA ...

Leo No

Winten Ltd, the bidding vehicle of Leo Noé, has agreed to buy Estates & General plc (E&G) for around £70.7 million. Noé’s company, which last year failed in its bid to acquire Derwent Val ...

Land Securities and Met agree biggest ever west London letting

Land Securities has let the whole of its 442,000 sq ft Empress State Building at Earl’s Court, in the biggest ever letting in west London.The Met has taken the 30-storey building on a 15-year lease, ...

Morgan Stanley sets out Canary Wharf vision

Songbird, the Morgan Stanley-led consortium that is taking over Canary Wharf, has laid out its strategy for the future of the 97-acre Docklands estate.The consortium, which last Friday finally succeed ...

Institutional interest for Central Europe Fund AM

Several pension funds are showing interest to invest in the Central Europe Fund of developer AM. That was affirmed by the Chief Financial Officer Ton Beekman of AM to Dow Jones news service.Since the ...

City of Hamburg sells real estate on large scale (DE)

The local authorities of Hamburg (Germany) intend to sell their real estate on a large scale. With the estimated yield of € 1.6 billion, the city wants to clear off its budget deficiency.The municip ...

Pillar Property plans

Pillar Property, the property investment and development company and retail park operator reported a 31.4 pct increase in pretax profit for the year to March and net asset value up 16 pct to 603 pence ...

Gecina acquires 112,000m

On May 25, GECINA completed the acquisition of a portfolio of office properties, buying out the entire capital of the companies that owned these buildings from Standard Life Investment, represented by ...

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