The Jensen Group, an American property investment and
development company based in St. Petersburg, is planning to create a new
$300m (€213m) property acquisition fund in Russia in early 2012. This
will be the group’s third fund in Russia. Additionally, the company
plans to buy one more property worth $10-40m (€7-28.5m) in St.
Petersburg by the end of year.
As Russian Construction Review reported on a previous occasion,
the Jensen G
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Hammerson
confirms that it has agreed to exercise the option to sell a further
24% interest in O’Parinor shopping center, Aulnay-sous-Bois, near Paris
to a client of Rockspring Property Investment Managers LLP. The sale was
envisaged following the original disposal last year of a 51% stake in
the property.
As
stated in the original announcement of August 19, 2010, this sale was
based on the valuation at that time and Hammerson’s net proceeds from
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Multi
Development (Vastgoed) and AM have begun, in close cooperation with The
City of The Hague, realization of the New Hague Passage in The Hague.
The plan includes ca. 10,500 m² of shops and a Suite Hotel with 118
rooms (part of Accor Hotels).
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