MADRID-Hines has bought a residential block in one of the most prestigious areas of Madrid for an undisclosed sum. The fund plans to renovate the block to create ground-floor offices and luxury apartments.

LONDON-A private investor picks up the two-building asset for euro 333.51 million ($409 million). The deal is the latest in a series of disposals made by Minerva after it failed to find a buyer for the whole company.

LONDON-A private investor picks up the two-building asset for euro 333.51 million ($409 million). The deal is the latest in a series of disposals made by Minerva after it failed to find a buyer for the whole company.

LONDON-F&C predicts total returns of 12% to 13% on commercial property this year. But while the prospect of strong returns boosted investments by 25% over a year ago to euro 63.77 billion ($77.94 billion), the fund manager warns that there may not be the rental growth investors had expected.

LONDON-F&C predicts total returns of 12% to 13% on commercial property this year. But while the prospect of strong returns boosted investments by 25% over a year ago to euro 63.77 billion ($77.94 billion), the fund manager warns that there may not be the rental growth investors had expected.

LONDON-F&C predicts total returns of 12% to 13% on commercial property this year. But while the prospect of strong returns boosted investments by 25% over a year ago to euro 63.77 billion ($77.94 billion), the fund manager warns that there may not be the rental growth investors had expected.

LONDON-Developer Marylebone Warwick Balfour has raised euro 151.8 million ($185.7 million) to expand its Malmaison Hotels and Hotel du Vin chains throughout the UK. The expansion is ahead of possible flotation, demerger or trade sale.

LONDON-Developer Marylebone Warwick Balfour has raised euro 151.8 million ($185.7 million) to expand its Malmaison Hotels and Hotel du Vin chains throughout the UK. The expansion is ahead of possible flotation, demerger or trade sale.