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Heitman Fund acquires nearly 2 million SF Park in Central Europe

In one of the largest real estate deals the Czech Republic has seen to date, Viterra Development GmbH has sold a 1.5-million-sf logistics park it developed near here to Heitman Central Europe Property ...

European institutions buy into DB Real Estate

Deutsche Asset Management has sold a 1.2 billion-dollar (940 million-euro) real estate fund to a group of European and US institutional investors and wealthy individuals. DeAM’s DB Real Estate arm s ...

Corporation of London approves Minerva Building

Minerva has been awarded planning consent for its £1bn, 43-storey tower in the City of London, set to become the Square Mile’s tallest, largest building. Designed by Nicholas Grimshaw & Partner ...

Standard Life sells 19.9% of Hammerson

Standard Life has sold 55m shares in Hammerson, the majority of its 21.7% holding, in the largest property share transaction ever seen in the UK.This morning Standard Life´s broker, Citigrou ...

ABN AMRO signs agreement to sell US Professional Brokerage unit to Merrill Lynch

In a follow up to an ABN AMRO announcement on 31 December 2003, the bank today announced that is has signed an agreement to sell its Professional Brokerage business in the US to Merrill Lynch.The Prof ...

IVG Immobilien AG optimises real estate portfolio in Finland

IVG subsidiary Polar sells three shopping centres outside Helsinki and IVG stake in Polar increases to 85%. In accordance with IVG´s strategy of concentrating investments in important Europe ...

Riesmeier: Liquidity pressure of investors intensifies market conditions (DE)

The high liquidity of international investors has, according to Dr. Knut Riesmeier, Director of MEAG Munich Erg Asset Management GmbH, stabilized yield despite tough market conditions. At the moment t ...

Chris Peacock Resigns as CEO of Jones Lang LaSalle

The Board of Directors of Jones Lang LaSalle Incorporated announced today that it has accepted with regret the resignation of Christopher A. Peacock as President and Chief Executive Officer. At Mr. Pe ...

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