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The Sungate Trust buys 40% of the General Motors Building in the largest New York investment sale since 2008 (US)

The Sungate Trust, formed for the benefit of the family of Ms. Zhang Xin, and M. Safra and Co., Inc., the New York-based investment firm of the Safra family, have purchased a 40% stake in the General ...

Valad Europe to redevelop and extend Centrum Janki shopping center, Warsaw (PL)

Valad Europe is to redevelop and extend Centrum Janki shopping center in the southern part of Warsaw. The €60 million redevelopment, expected to begin in Q2 2014 with a target completion date of ...

Simon Property and McArthurGlen form joint venture for European designer outlets (EU)

Simon Property Group, Inc. and McArthurGlen Group announced today that they have signed a definitive agreement to form a joint venture through which SPG will invest in McArthurGlen, the leader in upsc ...

Londonmetric agrees sale of £247.56 million distribution portfolio (UK)

LondonMetric a UK REIT, has exchanged contracts on the sale of 11 distribution assets for a total consideration of £247.56 million (approx. €290.4 million), reflecting a net initial yield of 6.25%, ...

Outlet Center Lublin has received a building permit (PL)

CBRE today announced that Outlet Center Lublin has received a building permit. Outlet Center Lublin, being developed at 16 Melgiewska Street in Lublin, is a classic outlet that offers products of p ...

NCC starts construction of Matinkylä Metro Center in Espoo (FI)

NCC is to start construction of a shopping mall and a public transport hub in Matinkylä, Espoo, in the Greater Helsinki area. The shopping mall project will be carried out in a 50/50 joint venture be ...

Ashkenazy acquires Old Spitalfields Market in London for €122.8 million (UK)

Ashkenazy Acquisition Corp., owner of Boston’s Faneuil Hall, bought London’s Old Spitalfields Market from Dublin-based Ballymore Properties Ltd. for about 105 million pounds (approx. €122.8 mill ...

Resolution Property secures new retailers to Galeria Pomorska shopping center (PL)

Resolution Property, the leading European real estate fund, has secured seven leases and introduced five new retailers, to anchor the extension of Galeria Pomorska in Bydgoszcz, Poland. The leading ...

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