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PanEuroLife buys Espace scheme PanEuroLife is to acquire the third phase of the Espace Kennedy development that Belgium-based Codic is building on the Kirchberg Plateau in the eastern part of Luxembourg. The deal would reflect a yield of around 7%. M&S reviews Portuguese plans Marks & Spencer has closed for business in Portugal but has yet to decide whether to pull out of the country altogether. M&S had five stores in Portugal with local franchise partner CRB. Accor signs German joint venture Accor is to expand its presence in Germany through a joint venture with Baumhögger. The joint venture, 51% owned by Accor, will see the transfer of 27 hotels in Germany to the new company. Milano Centrale eyes Eni Milano Centrale has announced a joint pitch for the property portfolio of Italian state-run energy company Eni in association with German group TMW. The portfolio of Eni’s real estate arm, Immobiliare Metanopoli, includes offices and retail in Milan, Rome and San Donatello Milanese. OFB to develop Frankfurt tower OFB, a subsidiary of Landesbank Hessen-Thüringen, is to develop the 29,000m2 (312,164 sq ft) Westhafen Tower in Westhafen Harbour, Frankfurt, in partnership with Belgian developer Bernheim Real Estate Development and Max Baum Immobilien. |
PanEuroLife buys Espace scheme
PanEuroLife is to acquire the third phase of the Espace Kennedy development that Belgium-based Codic is building on the Kirchberg Plateau in the eastern part of Luxembourg. The deal would reflect a yield of around 7%.
M&S reviews Portuguese plans
Marks & Spencer has closed for business in Portugal but has yet to decide whether to pull out of the country altogether. M&S had five stores in Portugal with local franchise partner CRB.
Accor signs German joint venture
Accor is to expand its presence in Germany through a joint venture with Baumhögger. The joint venture, 51% owned by Accor, will see the transfer of 27 hotels in Germany to the new company.
Milano Centrale eyes Eni
Milano Centrale has announced a joint pitch for the property portfolio of Italian state-run energy company Eni in association with German group TMW. The portfolio of Eni’s real estate arm, Immobiliare Metanopoli, includes offices and retail in Milan, Rome and San Donatello Milanese.
OFB to develop Frankfurt tower
OFB, a subsidiary of Landesbank Hessen-Thüringen, is to develop the 29,000m2 (312,164 sq ft) Westhafen Tower in Westhafen Harbour, Frankfurt, in partnership with Belgian developer Bernheim Real Estate Development and Max Baum Immobilien.
