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22 Jul 2008
Minerva receives £258m offer from Dubai group

London developer Minerva has received a £258m cash offer from Dubai property company Limitless which values it at more than double its recent market price. / Source: Propertyweek

21 Jul 2008
Giuliani's Firm Plans Real Estate Investment Fund, NYT Reports

Giuliani Partners, the consulting company founded by former New York Mayor Rudy Giuliani, plans to form an investment fund with Berman Enterprises to buy real estate in New York and Washington, the New York Times reported. / Source: Bloomberg

21 Jul 2008
Olympic Says Estonian Casino Revenue Declines 10%

Olympic Entertainment Group AS, the only publicly traded casino operator in central and eastern Europe, said second-quarter revenue at its Estonian unit fell 9.9 percent. Olympic dropped to a record low in Tallinn trading. / Source: Bloomberg

18 Jul 2008
NRDC Buys Hudson's Bay, Says Lord & Taylor to Expand

NRDC Equity Partners LLC, a U.S.- based buyout firm that owns the Lord & Taylor chain, bought Hudson's Bay Co., the biggest department-store company in Canada. / Source: Bloomberg

18 Jul 2008
Deutsche Telekom May Sell Unit to Strabag, FT Deutschland Says

Deutsche Telekom AG may sell its property unit to Strabag SE of Austria after German bidders dropped out of an auction, Financial Times Deutschland reported, without saying where it got the information. / Source: Bloomberg

17 Jul 2008
Co-op Agrees to Buy Somerfield for 1.6 Billion Pounds

Co-operative Group Ltd., the owner of about 2,200 U.K. food stores, agreed to buy rival Somerfield Plc for 1.57 billion pounds ($3.2 billion), creating a tougher competitor for Britain's four biggest supermarket chains. / Source: Bloomberg

17 Jul 2008
CapitaLand Sets Up $1 Billion China Fund as Office Demand Rises

CapitaLand Ltd., Southeast Asia's biggest developer, set up a $1 billion private equity fund to invest in commercial property projects in China as retail sales and demand for office space surge. / Source: Bloomberg

16 Jul 2008
Helical Bar Seeks Investment Partner to Exploit Property Slump

Helical Bar Plc, a U.K. developer that's building offices for the government and for Man Group Plc, is seeking investing partners to buy real estate in Britain as prices fall, Chief Executive Officer Mike Slade said. / Source: Bloomberg

16 Jul 2008
Centro Sells Stake in America Fund for $714 Million

Centro Properties Group, the shopping mall owner facing a deadline to repay as much as A$6.6 billion ($6.3 billion) of debt, raised $714 million selling a stake in its unlisted Centro America Fund. / Source: Bloomberg

16 Jul 2008
OJSC Company announces the opening of its fifth hypermarket in Yekaterinburg

OJSC Company (RTS, MICEX: MVID) announces the opening of the chains new hypermarket in Yekaterinburg. / Source:

16 Jul 2008
Handover of Millennium Towers II and III office buildings: just under 60, 000 sqm of new office space within Millennium City Centre, Budapest

Lorant Varga, CEO of TriGranit Development Corporation has officially opened the 20,000 sqm Millennium Tower II and III office buildings located on the East bank of the River Danube. The A class office buildings, a total investment of 64 million Euros, were built in 18 months. They were 40 percent pre-leased during construction, increasing to 60 percent by the time of opening. / Source:

16 Jul 2008
Average Occupancy Rate for RTM Groups SECs Under Construction is 73 Per Cent

The RTM Group is currently building four shopping and entertainment centers in Russian cities of St. Petersburg, Lipetsk, Samara, and Odintsovo. The sites total gross area is 200,272 sq. m., of which 117,376 sq. m. are leasable. Occupancy rates of the shopping and entertainment centers under construction vary from 65 to 80 per cent. / Source:

16 Jul 2008
Jones Lang LaSalle releases latest commercial real estate occupier conditions research

Jones Lang LaSalle has released its latest research investigating occupier conditions across EMEA, highlighting the economic trends and occupier market themes looking ahead into the second half of the year. / Source:

15 Jul 2008
Sorouh to Raise $1.1 Billion From First Islamic Bonds

Sorouh Real Estate Co., Abu Dhabi's second-biggest developer, hired five banks to help it raise 4 billion dirhams ($1.1 billion) in its first sale of Islamic bonds that will help pay for its projects. / Source: Bloomberg

15 Jul 2008
Martinsa Shares Are Suspended After Bankruptcy Report

Martinsa-Fadesa SA was suspended from trading in Madrid after the newspaper Expansion reported that the developer's creditors expect the company to seek bankruptcy protection this week. / Source: Bloomberg

14 Jul 2008
Casino Sales Rise as Shoppers Turn to Discount Stores

Casino Guichard-Perrachon SA, the biggest supermarket owner in Paris, raised second-quarter sales 15 percent after French shoppers returned to its discount stores and the company took control of its Colombian and Dutch units. / Source: Bloomberg

14 Jul 2008
British Land makes resilient start to year

British Land said it had made a resilient start to the year, in spite of the weak financial markets and economic slowdown. / Source: Propertyweek

14 Jul 2008
Cautious Times Ahead As Hotel Investors Report Mixed Sentiments in EMEA

Hotel investor sentiment in Europe, the Middle East and Africa (EMEA) has shifted in favour of caution as the full impact of the credit crisis is yet to be realised, but the multi-speed nature of the regions markets offers glimmers of hope on the Continent - according to the latest Hotel Investor Sentiment Survey (HISS) research report by Jones Lang LaSalle Hotels. / Source:

11 Jul 2008
Africa Israel Properties to Sell 5 Malls to Azrieli

Africa Israel Properties Ltd., the real-estate company controlled by diamond billionaire Lev Leviev, agreed to sell its stakes in five malls to the Azrieli Group. / Source: Bloomberg

11 Jul 2008
Royal Group Seeks $2 Billion for Cambodian Resort

Royal Group, which owns Cambodia's biggest mobile-phone operator, plans to raise as much as $2 billion with Hong Kong-based Millennium Group to build resorts, casinos and an airport on an island off the coast of Cambodia. / Source: Bloomberg


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