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Sjælsø sells three retail projects in Sweden at €43 million (SE)

Sjælsø has entered into an agreement with Alecta Pensionsförsäkring about sale of three retail projects in Sweden at SEK 427 million (approx. €43 million).Alecta is one of the largest pensions in ...

Average retail rents continue to decline but should soon stabilize (UK)

Average retail property rents declined just over 8% in 2009 says Cushman & Wakefield. In its latest quarterly update on the UK market, the property adviser says that although rents declined by a f ...

Neinver Outlet Centres bucks trend, increases Y-O-Y sales in Europe by 28% (EUR)

NEINVER, the second largest operator in Europe, with eleven outlets centers and more than 1,000 stores, has increased the turnover of the outlet centers it operates in Italy, Germany, Spain, Poland an ...

Multi Development restarts construction of New Karolina (CZ)

Multi Development announced the restart of construction of its major inner-city development in Ostrava. Construction workers are now returning to the large site in the city center. This follows Multi' ...

W.P. Carey completes second tranche of €74 million sale leaseback with Eroski (ES)

W.P. Carey & Co., a global investment management company that provides long term sale leaseback and build to suit financing for companies, announced that CPA®:17 – Global, one of its publicly he ...

TriGranit wins the two major regional awards (PL)

Bonarka City Center, the Hungarian majority owned TriGranit's latest development was awarded by the property professionals. The largest urban center in southern Poland became the laureate of one of th ...

Union Investment acquires majority stake in Alexa shopping center (DE)

Union Investment has finalized the agreement with Sonae Sierra and Foncière Euris/Rallye to become the new majority owner of Alexa in central Berlin. Each of the investors had a 50% share in the prop ...

Simon Property Group makes US $10 billion offer to acquire General Growth (US)

Simon Property Group, Inc. announced that it has made a written offer to acquire General Growth Properties, Inc. (OTC Pink Sheets: GGWPQ) in a fully financed transaction valued at more than US $10 bil ...

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