Real Estate Development & Operations

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ISG announces acquisition of Interior ISG Espana SA

Wednesday, 16 Jul 2014 02:00am EDT

ISG PLC:Acquires a 50.1pct interest in Interior ISG Espana SA.Initial consideration is 2.2 mln euros (1.75 mln pounds) and the maximum consideration is 4.7 mln euros (3.7 mln pounds) subject to performance.

Devine Ltd and Leighton Holdings Ltd agree process for potential sale

Tuesday, 15 Jul 2014 07:00pm EDT

Devine Ltd and Leighton Holdings Ltd:Says that Leighton Holdings Limited commenced a confidential expression of interest process to seek potential investors of its 50.6 pct. investment in Devine.In light of these events, the Board of Devine have formed the view that it is in the best interests of Devine shareholders as a whole to explore a formal sale process for all of the shares of the company.As a result, Devine and Leighton have entered into arrangements in relation to the sale process.Says the process will be administered solely by Devine and overseen by an independent board committee of Devine in consultation with Leighton and its advisers.There are no assurances that a sale of Devine will be finalised or what form the transaction if will ultimately take.Devine has appointed Goldman Sachs as financial adviser and King & Wood Mallesons as legal adviser in connection with the process.

Tejon Ranch Co acquires full ownership of Tejon Mountain Village LLC

Tuesday, 15 Jul 2014 04:30pm EDT

Tejon Ranch Co:Announces that it has acquired full ownership of Tejon Mountain Village LLC, having purchased the interest of DMB TMV, LLC (DMB), its partner in the joint venture, for $70 million in cash.

Fragrance Group Ltd completes acquisition of property by subsidiary

Tuesday, 15 Jul 2014 07:41am EDT

Fragrance Group Ltd:Refers to announcement made on May 8 in relation to the purchase of the Property located at 173-177 Macquarie Street, Hobart, Tasmania.Further to announcement, Group wishes to announce that purchase has been completed by Fragrance TAS-Hobart Pty Ltd, subsidiary owned by Company through Fragrance South Pacific Pty Ltd, at negotiated purchase price of A$4,120,000.Negotiated purchase price was arrived at after taking into account that the Vendor, at their own cost and expense, had expunged a buy-back option held by Hobart City Council (HCC) over part of the Property which was originally instituted by HCC.Says to adhere to certain construction completion timeline.

Hibernia REIT PLC acquires two offices in Dublin's IFSC

Tuesday, 15 Jul 2014 02:00am EDT

Hibernia REIT PLC:Says it has exchanged contracts to acquire Guild House and Commerzbank House for 90.75 mln euros in cash from a syndicate of private investors in an off-market transaction.

Jones Lang LaSalle Inc acquires healthcare project management CLEO Construction Management

Monday, 14 Jul 2014 05:10pm EDT

Jones Lang LaSalle Inc:Expands healthcare-focused real estate services by acquiring CLEO Construction Management (CLEO), prominent construction project management services firm that specializes in medical facilities.Acquisition is scheduled to close later this month.

Frasers Centrepoint Ltd completes acquisition of certain operating entities from TCC Group

Monday, 14 Jul 2014 06:40am EDT

Frasers Centrepoint Ltd:Refers to its announcement dated June 23 in relation to its acquisition of operating entities from TCC Group, which will be master lessees and tenants of the six hotels in Frasers Hospitality Real Estate Investment Trust’s initial portfolio.Says acquisition of K.K. Shinkobe Holding (SKH) and P I Hotel Management Limited (PIHML) was completed.Following Completion, SKH and PIHML have become wholly-owned subsidiaries of FCL.

Oxley Holdings Ltd announces termination of proposed acquisition of land in Malaysia

Monday, 14 Jul 2014 06:16am EDT

Oxley Holdings Ltd:Refers to company’s announcement on May. 29, 2013 relating to proposed acquisition by the Company’s wholly-owned subsidiary, Oxley Malaysia Pte. Ltd. (Oxley Malaysia), of entire issued and paidup share capital of TCK Capital Sdn. Bhd. (TCK).All capitalised terms used herein shall, unless otherwise defined herein, bear the meanings ascribed thereto in said announcement.TCK’s proposed purchase of piece of land held under PN No. Hakmilik 39183 for Lot 754, Seksyen 56, Bandar and Daerah Kuala Lumpur situated at Jalan Hang Tuah, Kuala Lumpur has been cancelled by the Malaysian government.Under circumstances, condition of acquisition has not been fulfilled, and Oxley Malaysia has agreed to terminate acquisition.Deposit of 8,000,000 Ringgit has been fully refunded to Oxley Malaysia.

Capital & Regional PLC announces completion of mall unit acquisition and admission

Monday, 14 Jul 2014 02:00am EDT

Capital & Regional PLC:Says further to the announcement on June 20, 2014 of the proposed acquisition of 62.56 pct. of units in the Mall Fund and Firm Placing and Placing and Open Offer to raise 165 million pounds.Also the announcement on July 9, 2014 pertaining to the result of the General Meeting and shareholder approval for the Acquisition and Capital Raising, Capital & Regional, the specialist retail property company, announces completion of the Acquisition and Admission.Upon Admission, 700,752,626 Ordinary Shares will be admitted to listing on the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities.

Brack Capital Properties NV's subsidiary announces property acquisition

Monday, 14 Jul 2014 02:00am EDT

Brack Capital Properties NV:Says its US subsidiary has exchanged contracts to purchase a property.Transaction involves the purchase of a vacant building located in the West Village, Manhattan, New York.Purchase price for the building is $105 mln.Closing of the deal is scheduled to take place within 60 days.

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