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19 Jun 2009
Lehman to Sell Real-Estate Unit for $10 Million

Lehman Brothers Holdings Inc., the investment bank liquidating in bankruptcy, will sell the management contract for its real-estate funds to a group of executives who used to run the business / Source: Bloomberg

19 Jun 2009
InterContinental Hotels & Resorts Extends Global Portfolio into Russia

InterContinental Hotels & Resorts announces that its planned hotel in Moscow, InterContinental Moscow Tverskaya, is scheduled for completion in September 2010 / Source: Hotel News Resource

19 Jun 2009
Las Vegas is coming to the Pyramids

Vegas-based MGM Mirage has been selected as a joint venture partner in the development of an estimated billion-dollar-plus, mixed-use community near the base of the famous pyramids on the outskirts of Cairo / Source: Real Estate Channel

18 Jun 2009
Murdochs 1m sq ft headquarters plans do not comply with London Plan

News Internationals 1m sq ft plans to remodel the main building of its historic home in Wapping do not comply with the London Plan, Boris Johnson has said / Source: Property Week

18 Jun 2009
Kingdom Confirms Development Services Agreement With Emaar

Kingdom Holding Co., the investment company controlled by Prince Alwaleed bin Talal, said Emaar Properties PJSC will provide development services for its 100 billion-riyal ($26.6 billion) property project in the western Saudi Arabian city of Jeddah / Source: Bloomberg

18 Jun 2009
Emaar Middle East Looking at a Large Development in Riyadh

Emaar Properties PJSC, the Middle Easts largest developer, said its Saudi unit is studying the building of a large master planned development in Riyadh, but has taken no decision yet on the project / Source: Bloomberg

18 Jun 2009
Swedish company signs for Yorkshire Centre of Excellence

Swedish industrial group Sandvik has signed up to open a new European Centre of Excellence in South Yorkshire / Source: Property Week

18 Jun 2009
Donald Trump Submits Bid to Buy Bankrupt Trump Entertainment

Donald Trump submitted a plan to buy Trump Entertainment Resorts Inc. out of bankruptcy / Source: Bloomberg

18 Jun 2009
Sainsbury's to raise around £445m to fund store expansion

Sainsburys plans to raise around £255m from a placement of shares and around £190m from the offering of convertible bonds to fund 15% space growth by March 2011 / Source: Property Week

18 Jun 2009
France-based Accor Grows Ibis Hotel Brand in China

Accor, a 42-year-old lodging corporation based in Evry, France, has signed 10 new Ibis hotels in China, growing the Ibis network to 26 hotels and 5,348 rooms / Source: Real Estate Channel

17 Jun 2009
Japan's Daiwa to buy Davinci REIT manager-sources

Daiwa Securities Group Inc, Japan's second-largest broker, will buy a real estate management unit of KK DaVinci Holdings to expand its property business, three sources familiar with the matter said / Source: Reuters

17 Jun 2009
Best Buy Profit Declines as Same-Store Sales Drop

Best Buy Co., the worlds largest electronics retailer, said first-quarter profit fell 15 percent as sagging consumer demand drove down sales at older stores. The shares fell 3 percent in New York trading / Source: Bloomberg

17 Jun 2009
Harrahs May Build Resort on Russian Azov Sea

Harrahs Entertainment Inc., the worlds biggest casino company, may build a resort on Russias Azov Sea / Source: Vedomosti

17 Jun 2009
Sainsburys gets go ahead in Welwyn Garden City

Welwyn Hatfield Councils development control committee have given unanimous support to Sainsburys proposals for a 52,000 sq ft foodstore in Welwyn Garden Citys town centre / Source: Property Week

17 Jun 2009
Ropemaker buys £24.6m Hammersmith building

Ropemaker Properties, the property holding company of BP Pension Fund, has bought 200 Hammersmith Road in London for £24.6m / Source: Property Week

17 Jun 2009
CBRE Investors buys Aramis building in Belgium

CB Richard Ellis Investors has bought Aramis, the final building constructed at the Corporate Village business park in Zaventum, Belgium / Source: Property Week

17 Jun 2009
Regent Inns sells seven Walkabout bars

Regent Inns has sold seven of its Walkabout venues to Cavendish Bars group. The seven sites of Walkabout, the Australian-themed bar chain, will be operated by Cavendish Bars which operates 27 high street bars and clubs in the UK / Source: Property Week

17 Jun 2009
Developer wins consent for south-wests tallest tower

Developer Devington has won planning permission for a scheme in Plymouth which includes the south-wests tallest tower / Source: Property Week

17 Jun 2009
May a mixed month for West End retailers

The latest figures for shoppers in Londons West End show May was a mixed month with footfall down at the beginning, though the second half saw a rise with a record Whitsun Bank Holiday footfall up 14.8% / Source: Property Week

17 Jun 2009
Tesco to carry out first European CMBS sale in two years

Tesco is selling £415.6m of its properties in the first property securitisation for two years. The supermarket giant is carrying out a £415.6m sale-and-leaseback transaction as part of its £5bn programme of property disposals that it began in 2006 / Source: Property Week


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