International

LONDON-The Crown Estate has secured two new tenants in St. James's as part of a GBP 500-million investment to reconstruct the area.

GLASGOW, UK-The Student Loans Company has renewed its lease for 10 years with McKay Securities PLC for the 100,270-square-foot office building at 100 Bothwell Street in Glasgow.

DUSSELDORF, GERMANY-IMMOFINANZ Group is expanding its activities in Germany.

HAMBURG, GERMANY-Valad Europe has signed a lease renewal deal with Closed GmbH on 57,845 square feet of office and warehouse space at Bottcherhof 1-1a in the Hamburg-Billbrook region.

MOSCOW-Lee Timmins, which will lead the fund in Russia, says the company has a growing middle class with new spending power.

DUBLIN-The agency will invest $2.5 billion to build up properties, and another $2.5 billion in purchasing loans, as it works to resolve its acquired Irish bank debt by 2020.

LONDON-Quintain, a London-based fund manager, has arranged GBP 70 million in financing for the new iQ Shoreditch scheme.

BERLIN-CORESTATE Capital has sold a residential and commercial real estate portfolio in Germany to two separate buyers for more than EUR 100 million.

LONDON-The joint venture between Istithmar P&O Estates and Henderson Global Investors have leased 82,500 square feet of office space in the Regent Quarter scheme in York Way, King's Cross, to a publishing company.

LONDON-Gazeley has acquired 100% ownership stake in Magna Park Milton Keynes, a flagship development site in UK, for an undisclosed price.

MEXICO CITY-The Chicago-based firm has purchased the Hotel Nikko Mexico for $190 million and will rebrand, part of Hyatt’s Latin American investment to 20 properties.

NEW YORK CITY-The private equity giant says it plans to accelerate the growth of the budget lodging chain’s franchise, which currently numbers 1,102 properties in the US and Canada.

MUNICH-HOCHTIEF Projektentwicklung has broken ground on the Forum am Hirschgarten in the Am Hirschgarten - Die Mitte im Grunen development area.

HANOVER, GERMANY-STAM Europe and Activum Capital Management have sold Grammophon Park in Hanover for an undisclosed sum.

BEIJING-Dalian Wanda’s buy of Kansas City, MO-based AMC creates the world’s largest theater chain, with 432 locations in North America and China.

MANCHESTER, UK-Segro has signed conditional contracts to sell four of its non-core industrial estates in the UK region to a Harbert Management Corporation (Europe) LLC fund for GBP 204.5 million.

LONDON-The London Borough of Croydon Council's planning committee has given approval for Hammerson's redevelopment scheme for Centrale Shopping Centre.

BERLIN-YOUNIQ AG has started construction work on a student house apartment complex in Potsdam.

Between JP Morgan and Greece the summer may be long and stressful

Between the JP Morgan issues which will impact regulatory and political isses for lenders, and the posisble chaos in the currency makrets caused by Greece, it could be a messy summer.