ECE and Berlin Hyp sign �111 million loan contract for Galeria Kaskada in Szczecin (PL)
ECE Projektmanagement and the Real Estate Finance Business Division of Landesbank Berlin AG and Berlin Hyp, the two strong partners on the real estate market, signed the loan contract for the construction of Galeria Kaskada in Szczecin, Poland. The total credit value amounts to €111 million. With the financing available the construction of Galeria Kaskada will now start in full scale in order to reach the planned opening date in the fall 2011. The complete investment of the project sums up to €
Wed, 10 Mar 2010 02:33:00 +0100

Launch of Scarborough Development Group (UK)
A new property development and investment group has been launched following the �37 million (approx. €40.8 mln.) acquisition of a portfolio of retail development sites, principally in the North-West. The sites have been acquired from the administrator of Modus by Scarborough Development Group, the McCabe family’s latest property vehicle, which is presently looking to take advantage of retail opportunities. The independent property vehicle will initially focus on the food store sector which has
Wed, 10 Mar 2010 02:07:00 +0100

Positive forecasts for commercial real estate market in Poland (PL)
Cushman & Wakefield’s latest report on the real estate market Marketbeat – Spring 2010 presents an analysis of the office, retail, industrial, hospitality and residential markets as well as the investment market in Poland in 2009. The report also provides forecasts for the future development of the real estate sector. With only around twenty deals totaling ca. €698 million the year 2009, both in terms of deal volume and value, was one of the weakest periods for the commercial property investmen
Wed, 10 Mar 2010 01:50:00 +0100

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