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09 Jun 2010
USS buys NatMags House

Universities Superannuation Scheme has exchanged contracts to buy National Magazine House in Londons West End for £42m / Source: Property Week

09 Jun 2010
Retail Rents Fall in New York; Champs-Elysees Is Most Expensive

Luxury retail rents fell for a second consecutive year as the lingering effect of the global financial crisis reduced demand for prime stores at locations including New York and Milan, according to Colliers International / Source: Bloomberg

08 Jun 2010
Russian Oil Trader Titov Buys French Champagne Maker

Russian oil trader Boris Titovs SVL Group said it bought French champagne maker Chateau dAvize, formerly owned by LVMH Moet Hennessy Louis Vuitton SA, for an undisclosed sum / Source: Bloomberg

08 Jun 2010
Germanys Karstadt to Be Sold to Berggruen Holdings

Berggruen Holdings Ltd., an investment firm, won the bidding for Karstadt AG, edging out two other offers for the German department store operator owned by insolvent Arcandor AG / Source: Bloomberg

08 Jun 2010
Manhattan Has Strongest Office Lease Month Since 2006

Manhattan had its strongest month for new office leasing since September 2006 as tenants took advantage of lower rents by moving to higher quality spaces, Cushman & Wakefield Inc. said / Source: Bloomberg

07 Jun 2010
RICS: Ireland and the US set for biggest rise in distressed sales

reland and the US will see the greatest rise in distressed sales of property according to a survey published today by the RICS / Source: Property Week

07 Jun 2010
Ikea open Bulgarian retail schemes

Swedish furniture maker Ikea broke ground last week on its flagship Bulgarian outlet in the capital city of Sofia / Source: PropertyEU

04 Jun 2010
Kingfisher Profit Gains on Kitchens

Kingfisher Plc, Europes largest home-improvement retailer, said first-quarter profit rose 15 percent as high-margin products such as kitchens helped offset a decline in sales and increased global sourcing reduced costs / Source: Bloomberg

04 Jun 2010
Zell Ready to Invest $500 Million in Brazil, China and Vietnam Properties

Billionaire investor Sam Zell may not know the media game -- evidenced by his disastrous ownership of the Tribune Company -- but he's still a master of real estate, with his every move closely tracked. And these days Zell is focusing on Brazil / Source: Real Estate Channel

03 Jun 2010
Prada Said to Consider Options for Initial Public Offering

Prada SpA, buoyed by surging profit at the eponymous fashion label, is exploring options to revive an initial public offering, according to four people familiar with the talks / Source: Bloomberg

03 Jun 2010
LaSalle Investment Management plans $4bn Asian fund spending spree

LaSalle Investment Management said it will acquire more than $4bn of assets for its Asia Opportunity Fund III over the coming months / Source: Property Week

02 Jun 2010
Billionaire Agalarov Opens Russias Biggest Mall, Plans 2 More

Billionaire Aras Agalarov opened Vegas, Russias biggest mall, today with a pledge to build two more shopping centers in Moscow in the next three years as retail spending picks up after the economic crisis / Source: Bloomberg

02 Jun 2010
Lawmaker Gruzdev Owns 19% of Seventh Continent

Russian lawmaker Vladimir Gruzdevs family fund bought 19 percent of OAO Seventh Continent, Vedomosti reported, citing an unidentified person close to the fund / Source: Bloomberg

02 Jun 2010
Dubai Rulers Company Posts $6.2 Billion 2009 Loss

Dubai Holding Commercial Operations Group LLC, a property firm owned by the emirates ruler, posted a $6.2 billion loss as companies in the debt-laden Gulf business hub renegotiate borrowings after a slump in real-estate prices / Source: Bloomberg

02 Jun 2010
Allianz RE seals purchase of Le Colisee in Paris

German investor Allianz Real Estate has completed the acquisition of 100% of the Le Colisée office building in the Paris business district of La Défense from Icade's Compagnie La Lucette / Source: Property EU

01 Jun 2010
Singapore office property market picking up

Singapores office property market is picking up, according to brokerage firm Nomura / Source: Lush Home Media

01 Jun 2010
U.S. Commercial Real Estate Vacancies to Peak in Early 2011

According to the National Association of Realtors, vacancy rates continue to rise in most commercial sectors and are not expected to level out in most markets until the late 2010 or early 2011 / Source: Real Estate Channel

31 May 2010
Kingfisher Plans to Invest Aggressively in Russia

Kingfisher Plc, Europes largest home-improvement retailer, will invest aggressively in Russia, where the market is set to return to growth in the second half, Chief Executive Officer Ian Cheshire said / Source: Bloomberg

31 May 2010
Tiffany Boosts Forecast for Year as Consumers Splurge

Tiffany & Co., the worlds second- largest luxury jewelry retailer, raised its full-year forecast and posted first-quarter profit that beat analysts estimates as an improving economy enticed consumers to splurge / Source: Bloomberg

28 May 2010
London among leaders in property recovery

London, Moscow, Shanghai and Hong Kong have all seen rental growth in the first five months of 2010 and are set to lead the property market's recovery, Jones Lang LaSalle has reported / Source: Property Week


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