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Multi delights in Turkish market with €250m development fund
Canada Pension Plan Investment Board becomes fund’s first investor
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First Industrial pulls out of Europe after less than two years
US industrial REIT cuts its losses after torrid year for European logistics
Zavvi goes into administration
Music store Zavvi has gone into administration
Pirelli and Intesa sell facilities management business
Italian property company Pirelli Real Estate and bank Intesa Sanpaolo have sold their 50:50 facility management joint venture, Pirelli RE Integrated Facility Management.
White Estates leads €86.5m Amsterdam buy
A consortium led by White Estate Investments has bought an office leased to the Dutch tax authorities in Amsterdam for €86.5m (£82.2m) from Eurocommercial Properties.
HSBC moves Irish HQ to Grand Canal Square
HSBC Ireland has moved its Irish corporate headquarters to the LOM designed 1 Grand Canal Square in Dublin’s Docklands.
ProLogis to sell China business to reduce debt
US shed giant ProLogis has agreed to sell its China business and its 20% stake in its Japanese funds, to GIC Real Estate, the property investment arm of the Government of Singapore Investment Corporation for $1.3bn (£880m).
Morgan Stanley’s Carrafiell to step down
Morgan Stanley's co-head of real estate investing John Carrafiell is to step down from his position next month.
ProLogis European Properties agrees stake sale to reduce debts
ProLogis European Properties has agreed the sale of a 20% stake in its private equity PEPF II logistics fund, as it seeks to reduce its debts.
King Sturge Espana to go into administration
Spanish subsidiary too exposed to development-related services