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Malaysian PNB, EPF pay £1.58bn for phase 2 of London’s Battersea project

Malaysia’s Permodalan Nasional Berhad (PNB) and The Employees Provident Fund Board (EPF) are to acquire the commercial assets in phase 2 of London’s Battersea Power Station development at a base purchase price of £1.58bn. Expected to complete (...)

German resi price rises to continue, seen strongest in smaller cities

After a strong first half, the upward trend in German residential prices should continue, with above-average rises in future coming in medium-sized and smaller (...)

Germany's Commerz Real, Steigenberger launch €250m hotel fund

Germany's Commerz Real, part of Commerzbank, has issued, together with the Steigenberger group, a fund for European hotel real estate targeting €250m in assets. The vehicle is (...)

Wiltschnigg's GalCap enters Poland with two office acquisitions

GalCap Europe, the Vienna-based investment manager headed by former Immofinanz executive Manfred Wiltschnigg, has entered Poland with the purchase of two historic boutique office buildings in (...)

Luxury group LVMH adds Belmond hotels at €3.2bn valuation

The world's biggest luxury goods group, the Paris-based LVMH, is acquiring the NYSE-listed Belmond, owner and manager of 46 luxury hotel, restaurant and cruise properties (...)

Berlin's TLG in €400m asset revaluation after Ouram stake rise

Just over a week after the Ouram group boosted its stake in German listed TLG Immobilien to over 28%, the latter has announced a portfolio revaluation (...)