NEWS

Ghelamco enters into EUR 60m financing for the construction of two office projects in Poland - 03/07/2009

International developer Ghelamco has concluded a EUR 60 mln project financing by Bank Pekao SA for the construction of two office projects, one in Warsaw and another one in Katowice. The Crown Square building in Warsaw will offer 17,000 m2 of class-A office space between Prosta and Przyokopowa Str. and will be completed in the first quarter of 2010. Crown Square is the third project in...

Credit Suisse completes sale of part of Global Investors business to Aberdeen Asset Management - 03/07/2009

Credit Suisse yesterday (July 1, 2009) announced that it has successfully completed the sale of part of its Global Investors traditional asset management business to Aberdeen Asset Management. It now holds 240 million of Aberdeen shares, which are equivalent to a 23.9% equity stake in Aberdeen. Credit Suisse will be represented on the Board of Directors of Aberdeen Asset Management. On...

Cofinimmo acquires the “West-End” office complex in the Brussels periphery - 03/07/2009

Office complex « West-End » In accordance to the acquisition agreement which was signed on 04.04.2007 (see press release of 03.05.2007), Cofinimmo acquired on 02.07.2009 for an amount of € 22.2 million all the shares in Immo Noordkustlaan SA/NV1 which owns the newly built West-End complex located in Groot- Bijgaarden in the western periphery of Brussels, Belgium. This business...

NAI apollo asset management chartered surveyors has been assigned with two new mandates - 01/07/2009

NAI apollo asset management has concluded another two mandates with international investors. Cambridge Place, a specialist global institutional investment management group, has entrusted NAI apollo asset management (Dusseldorf) with their portfolio named EB8 with 22 properties and a total area of approx. 580.000 sqm. This portfolio contains office and storage space. The second portfolio with 12...
RICS provides asset management guidance to councils

RICS provides asset management guidance to councils - 01/07/2009

New best practice guides for local authorities on how to manage their assets effectively have been published by RICS. The guides offer practical solutions at a time when local authorities are coming under criticism over the management of their property portfolios, and, in the current economic climate, need to ensure that they make the best use of their assets. Local Authority Asset...
PIRELLI RE: 20% OF CREDIT SERVICING BUSINESS SOLD TO DGAD INTERNATIONAL (CALYON SA

PIRELLI RE: 20% OF CREDIT SERVICING BUSINESS SOLD TO DGAD INTERNATIONAL (CALYON SA - 01/07/2009

) CONFIRMATION OF PIRELLI RE’S RELAUNCH STRATEGY THROUGH SERVICE ACTIVITIES, SUCH AS CREDIT SERVICING, WITH A REDUCED FINANCIAL COMMITMENT Pirelli RE announces that today it has sold 20% of Pirelli & C. Real Estate Credit Servicing, its NPL management company, to DGAD International (Calyon SA). All the conditions precedent have, in fact, been satisfied for completing...

Jones Lang LaSalle Ranked #1 Corporate Real Estate Services Provider - 01/07/2009

Major users of CRE services identify top considerations in selecting providers and rank Jones Lang LaSalle highest in every category Jones Lang LaSalle (NYSE:JLL) has been recognized as the best overall provider of corporate real estate services by the Watkins 2009 Survey of Corporate Real Estate Service Providers. Of the 19 providers evaluated by the largest users of...

Urban Land Institute Announces Five Winners of 2009 Awards - 01/07/2009

Urban Land Institute Announces Five Winners of 2009 Awards for Excellence: Europe, Middle East, and Africa Five outstanding developments have been selected as winners of the Urban Land Institute (ULI) 2009 Awards for Excellence: Europe, Middle East, and Africa (EMEA) competition. This year, the competition also included the announcement of two special award winners. The Awards for...
Panattoni Europe’s „Build-To-Suit” Competition - Winner Announced!

Panattoni Europe’s „Build-To-Suit” Competition - Winner Announced! - 01/07/2009

Panattoni Europe, one of the biggest developers of industrial space in Europe, has announced the results of the nationwide competition for logistics and construction engineering students. The students were asked to solve a build-to-suit case, involving investments tailored to meet the specific needs of clients. Magdalena Mądra – the competition winner is a graduate of the Warsaw University of...
Blackstone Real Estate Fund Closes on €3.1 Billion

Blackstone Real Estate Fund Closes on €3.1 Billion - 30/06/2009

London, June 29, 2009: The Blackstone Group (NYSE:BX) today announces the final closing of its latest real estate fund, Blackstone Real Estate Partners Europe III (“BREP Europe III”). The closing brings to the fund total equity capital commitments of over €3.1 billion. The initial intended target was €2.5 billion. The fund will target property investments throughout Europe and is...
Mark van den Biggelaar is joining the Executive Board of Heijmans N.V.

Mark van den Biggelaar is joining the Executive Board of Heijmans N.V. - 30/06/2009

Mr M.C. (Mark) van den Biggelaar is succeeding Mr Dick van der Kroft as CFO of Heijmans N.V. effective 1 September 2009. Mr Van der Kroft will step down on that date. Mr Van den Biggelaar (40) currently is the CFO and member of the General Management Board of Samas N.V. Prior to this he occupied various financial positions with the Randstad, Nedlloyd and ABN-Amro. With the arrival...
Restructuring will drive European logistics activity

Restructuring will drive European logistics activity - 29/06/2009

The European logistics market is set for further restructuring this year as distributors consolidate and optimise existing centres. The European logistics market is set for further restructuring this year as distributors consolidate and optimise existing centres. According to international property advisor Savills, as manufacturers seek to reduce property costs take up could contract by as...
Buddha-Bar Hotel Prague introducing packages for pleasure-seekers

Buddha-Bar Hotel Prague introducing packages for pleasure-seekers - 29/06/2009

The Buddha-Bar Hotel Prague – the first ever hotel of the worldwide known brand Buddha-Bar – presents tailor made packages focused on exclusive relaxation and discovering unconventional admirers as well as on business travelers. “Our guest can choose from four packages according to their preferences. Each package includes a standard service extended with the maximum of services and...

KENMORE AND ASHFORD LAUNCH CORNERSTONE DEVELOPMENT, GLASGOW, AND ANNOUNCE FIRST LETTINGS - 29/06/2009

Kenmore Property Group ("Kenmore") and Ashford Property Group ("Ashford") have celebrated the launch of Cornerstone, their striking new Grade A office development located at 107 West Regent Street, Glasgow, and announced its first two tenant signings to Ofgem and HBJ Gateley Wareing, and have also...

HIH Global Invest presents its first public foreign real estate fund - 29/06/2009

HIH Global Invest presents its first public foreign real estate fund - Pacific Core 1. It invests in two, soon to be completed office properties that are rented to two global financial service providers. When talking about the quality of life, Auckland is on top: In the annual report of management consultant company Mercer, the New Zealand city rated at the top of Asia...
The Q1 2009 take-up in Prague reached 73 % of the average quarterly take-up of 2005-2008 take-up. Prague is rated the third best city in the European comparison of 16 cities according to the survey of global property adviser DTZ, despite the prevaili

The Q1 2009 take-up in Prague reached 73 % of the average quarterly take-up of 2005-2008 take-up. Prague is rated the third best city in the European comparison of 16 cities according to the survey of global property adviser DTZ, despite the prevaili - 28/06/2009

The Q1 2009 take-up in Prague reached 73 % of the average quarterly take-up of 2005-2008 take-up. Prague is rated the third best city in the European comparison of 16 cities according to the survey of global property adviser DTZ, despite the prevailing economic situation. “Of course, compared with the first three months of last year, which was a record year, this is a considerable...
Design Hotels AG Announces New Composition Board of Directors

Design Hotels AG Announces New Composition Board of Directors - 27/06/2009

Following its Annual General Meeting (AGM), held in Berlin on the 25th of June, Design Hotels AG (Regulated Market, Munich: LBA; ISIN: DE0005141006), an integrated provider of marketing and positioning services for individually managed hotels and small hotel groups in the New Luxury Segment, announces the composition of its Board of Directors has changed. New on the Board are Christian ...
Tenants appreciate EMPARK

Tenants appreciate EMPARK - 26/06/2009

EMPARK Mokotów Business Park in Warsaw extended the lease agreements with three tenants. Esselte Poland, Nestle Waters Poland SA and Sun Studio A/S Branch Office in Poland will remain in the largest office complex in Poland. Together they occupy offices with an area of approximately 3900 sqm. Good luck of EMPARK Mokotów Business Park continues. After signing contracts with P4, Sitel...
Emaar and Indonesian Government extend JV to develop The Lombok Project by six months

Emaar and Indonesian Government extend JV to develop The Lombok Project by six months - 26/06/2009

The Indonesian Government has extended the joint venture between Emaar Indonesia and PT Pengembangan Pariwisata Bali (Persero), a government entity, to develop The Lombok Project by six months. This followed a meeting between the representatives of the Indonesian Government and Emaar International in Dubai. As per the agreement, the joint venture partnership has been extended till December...
Chagala appoints earl as non-executive director

Chagala appoints earl as non-executive director - 26/06/2009

Result of Annual General Meeting ('AGM') and appointment of new non-executive Director Chagala Group Limited ('Chagala' or 'the Group'), the specialist London listed Kazakh real estate developer and operator, announces that at the Company's AGM all resolutions proposed were duly passed. The Board of Chagala is also pleased to announce the appointment of Edmund Christopher Pery, Earl...
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