* LEG Immobilien AGis raising its 2016FFO I forecast to between €257 million and €262 million, up from the previousrange of between €254 million to €259 million. On the same note, 2017 FFO Iforecast was increased to between €284 million to €289 million, from a previousforecast of between €279 million and €284 million.

* SEGRO Plc hasagreedto amended bank facilities totalling €780 million.

Specifically, the developer increased the size of arevolving syndicated credit facility to €610 million from €225 million, reducedits margin and commitment fee and extended its maturity to May 2021.

A €70 million revolving credit facility, meanwhile, wasextended to mature on May 2020, and has a reduced margin and commitment fee. Thecompany also agreed to reduce the size of its €140 million facility to €100million, reduce its commitment fee, bring the margin in line with otherfacilities and extend its maturity to July 2019.

* Ikea U.K. andIreland spokesman Daniel Lundholm said in a statement reportedby Property Week that the Swedishgiant is not and will not bid to buy the BHS business out of , contrary to mediareports.

Lundholm, however, noted that the company is looking intovarious locations across the U.K. for expansion.

PW reported thatIkea does not have a store in London but has 18 across the country. Departmentstore chain BHS has 164 stores.

* Foncière des Régionspriced its first €500 million 10-year green bond issue with a 1.875% coupon,with the proceeds from the issuance to finance or refinance office buildingsunder development or recently delivered that have an HQE or a BREEAMcertification.

Green bonds aretax-exempt bonds issued by organizations that are developing brownfield sites.

* Eurosic saidthat its proposal to take over peer Foncière de Paris received approval fromthe French competition authority.

* U.S.-based developer SimonProperty Group Inc. saidthat its subsidiary, Simon International Finance SCA, is poised to issue €500million principal amount of its 1.25% unsecured notes due 2025.

The unit plans to use net proceeds from the offering toreduce its existing euro-denominated borrowings as well as for generalcorporate purposes.

* Bilfinger SEsaid that its possible sale or the retention of its building and facilitybusiness is "atan advanced stage" but a decision is yet to be made. Talks withbidders are also progressing. Whether or not the German company will proceedwith the sale of its building, facility services and real estate divisions areexpected to be completed within the next two to three weeks, according to anews release.

CBRE is reportedlyinterested in the businesses.

UK and Ireland

* said in afiling that it plans to place 37 million ordinary shares at 136.10 penceapiece. With gross proceeds of over £50 million, the company plans to buy "anattractive investment opportunity" for which it is in advancednegotiations.

Its investment manager is also in talks and undertaking duediligence on assets in various locations, including London. Pending the resultsof the negotiations, the company said that it may elect to upsize the offeringfor up to 65 million shares to raise £88 million.

* LaSalleInvestment Management's redevelopment plan in New Street, Birmingham, U.K., hasreceived planning approval. PW reportedthat the company plans to invest £13 million in the 125,110-square-foot officetower, with work expected to begin in September.

* M&G RealEstate has prelet the entire 8 Bedford Park office building in Croydon, London,to Superdrug Stores Plc under a 15-year lease, CoStar U.K. reported.The tenant will occupy roughly 52,000 square feet at £26.50 per square foot.

* While SellarProperty Group works ona revised proposal for the Paddington tower scheme in London, a community-basedurban design group has launched a contest for "people-friendly"design proposals from the public, the LondonEvening Standard reported.

* The House ofLords wants one in every five new homes to be available at a 20% discount tofirst-home buyers, PW reported.

* Deloitte RealEstate's London Office Crane Survey found that under-construction offices inthe U.K. capital went up 28% as at March 31, compared to results released inNovember 2015. The poll also recorded51 new construction starts, the highest number in the survey 20-year history.

* According tothe latest CBRE Monthly Index, the pace of commercial property rental valuegrowth is in line with the last two years, with CBRE UK head of research, MilesGibson, sayingthat the recent mayoral and local elections and the pending Brexit seem to nothave affected the metric.

* Meanwhile, BNPParibas Real Estate said that office transactions in the U.K.'s South East forthe first quarter amounted to £133 million, which is 78% lower than thefive-year quarterly average and a 91% decrease from the prior quarter, PW reported.

* On the otherhand, Knight Frank was reportedby CoStar U.K. as saying that the overall first-quarter take-up in the SouthEast office market was 10% above the average for the last decade. EmmaGoodford, partner and head of national offices at Knight Frank, said occupierdemand in the area "remained robust."

* In Ireland,Cairn Homes Plc saidthat it transferred four further sites in the loan portfolio into itsdirect asset ownership. The sites in Kildare, Wicklow and Dublin have thepotential to yield over 1,150 residential units, according to the .

* NAMA is said to have relaunched the sale of a portfolio of loans worth€1.5 billion, and hired Eastdil Secured to manage the sales process, The Irish Times reported.Project Tolka comprises loans linked to property developers and investors PaddyKelly, John Flynn and the McCormack family.

* Colliers International is marketing Green Property's 8,111-square-meteroffice building in Leopardstown, Dublin, with the developer hoping to rake inover €22 million. Tech giant Microsoft is the tenant of the property, The Irish Times reported.

Germanyand Austria

* Singapore's FrasersHospitality Trust bought Internos Global Investors' hotel inDresden, Germany, for €58.4 million, accordingto PropertyEU.

* Cemagg is developing a 16,500-square-meter shopping center in the Germancity of Weil am Rhein, Property InvestorEurope reported.The group expects to pour in up to €85 million in the scheme that will sit on aone-hectare site.

* JLL's Victor Index, which monitors the prime office prices in Germany'sBig Five cities, rose to an all-time high in the 2016 first quarter, but pricegrowth slowed and fewer deals were recorded in the sector. PIE reportedthat Ralf Kemper, head of valuation & transaction advisory in Germany, saidthe Brexit played a part in the decline.

The Big Five cities are Hamburg, Berlin, Düsseldorf,Frankfurt and Munich.

* In Vienna, Pegasus Capital Partners and Stonehill Holdings are buildinga 633-room, seven-floor student accommodations facility in the city's 20thdistrict, Europe Real Estate reported.The property is expected to be completed before September 2017.

Croatia

Colliers International is bullish on Croatia's realestate market, as increased activity in the sector has been recorded. VedranaLikan, managing director for Colliers, Croatia, was reportedby Europe Real Estate as saying thatthe retail, office and hotel and hospitality subsectors will be the most activemarkets in 2016.

Otherreal estate news

London-listed VinaLandLtd. saidthat it is divesting its stake in a mixed-use site in Ho Chi Minh City,Vietnam, for net proceeds of US$75.4 million.

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Hiresand Fires: European, Asian real estate moves through May 10:S&P Global Market Intelligence presents a weekly rundown of recentsignificant management and board changes and personnel moves in the Europeanand Asia-Pacific real estate industries.

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