Colliers opens Cairo office
Colliers International has opened an office in Cairo, from which John Davis, chief executive of Middle East and North Africa; Ian Albert, regional director and head of valuations and advisory; and Stuart Gissing, regional director and head of real estate management solutions, will oversee the firm’s Egyptian operations.
CBRE GI appoints Eertink
CBRE Global Investors has appointed Rik Eertink as fund manager of the CBRE Dutch Retail Fund.
Eertink, who joined CBRE Global Investors in 2004, is currently the country manager of the Nordics and fund manager of the CBRE Nordic Property Fund and in his new role will continue as the fund’s manager.
He succeeds Jaap Demoed, who will retire after 25 years with CBRE.
Torus sells Alchemia phase II
Torus has sold phase II of the Alchemia office complex in Gdańsk, Poland, to PHN SPV 33, a subsidiary of the Polski Holding Nieruchomości Group, for €60.6m (£48.5m).
The 250,000 sq ft phase II will comprise six buildings offering office, retail and leisure space.
C&W represented the seller; Savills represented the buyer.
REIT picks up New York asset
American Realty Capital New York City REIT has acquired 1140 Avenue of the Americas in Midtown New York, a 22-storey, 250,000 sq ft office, from an affiliate of Blackstone for $180m (£126.5m).
French bank buys Cleaveland
French private bank Edmond de Rothschild has agreed to acquire real estate asset manager Cleaveland, which has €2.5bn (£2bn) of assets under management.
The deal is subject to French stock market regulator approval.
Read more at EG’s new Global Real Estate website: www.globalrealestateinsight.com
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