* Credit Suisse Asset Management seeks to divest a portfolio of shoppingmalls in Europe worth €1.2 billion, PropertyEUreported,citing "well-informed market sources."
* Dalian Wanda CommercialProperties Co. Ltd.'s renovation plans for the iconic EdificioEspaña building in Madrid have been approved by city authorities, Property Investor Europe reported,citing a local paper.
Dalian Wanda's regulatory issues in Madrid hadreportedly led it toconsider selling the 28-story tower that it bought for €265 million in
* alstria office REIT-AGplaced a euro-denominated, unsecured promissory note worth €150 million.According to a news release, the German office REIT plans to use proceeds fromthe placement to refinance existing bank debt.
* The new owner of LandSecurities Group Plc's Thomas More Square Estate in London isworking on a masterplan for the property, with plans to add 100,000 square feetto the 560,000-square-foot office campus. CoStar U.K. reportedthat Resolution Property plans to submit the first stage of its proposal to theTower Hamlets council in the next three months.
Backed by China's Fosun International, ResolutionProperty acquiredThomas More Square in March for £300 million.
* Emaar Properties PJSC'snet profit for the first quarter of 2016 rose 17% to around 1.21 billion United Arab Emiratesdirhams from an estimated 1.03 billion dirhams in the year-ago period.
First-quarter revenues also increased 17% year overyear to around 3.53 billion dirhams compared with 3.02 billion dirhams. The "significantprogress" in the construction of Emaar's projects led the revenue growth,according to a release.
* Fastighets Balder ABacquired a building that houses the Hedmark University College in Norway for700 million Norwegian kroner, according to a statement.
* Citycon Oyjinked a €74 million deal for five properties in Finland with special investmentfund eQ Finnish Real Estate. The buyer said in a newsrelease that the Citycon portfolio offers 47,000 square meters of leasablearea.
* In Sweden, investment company Lundbergs said that it agreedto sell its investment properties in Katrineholm to D. Carnegie & Co. for532 million Swedish kronor. The portfolio comprises 648 housing units and 7,300square meters of commercial area.
* BUWOG AG agreedto buy a roughly 42,700-square-meter site in Hamburg-Bergedorf to build morethan 1,000 residential units. It expects to invest some €430 million on theproject, its first in Hamburg.
* Warburg-HIH Invest Real Estate bought the 84%-occupied Global Gate IIoffice property in Düsseldorf from Allianz insurance group, Europe Real Estate reported.The purchase price was not disclosed.
* Quadrant Real Estate Advisors plans to raise up to €500 million for afund based in Dublin to finance commercial property deals in Ireland and in theU.K., The Irish Times reported.The U.S.-based investment group's plan has yet to receive approval from theCentral Bank of Ireland.
* Also in Ireland, CBRE Ireland executive director Marie Hunt, saidthat while there is a "robust" buyer appetite in the Irish commercialproperty market, the pipeline of new investment product is slowing down.
The property consultancy firm reported that in thefirst quarter, take-up in Dublin was 52,442 square meters for offices and64,747 square meters for industrial and logistics.
* In London, Sony Computer Entertainment Europe has enlisted CBRE toprovide facilities management services at its U.K. headquarters, CoStar U.K. reported.The tech giant is occupying 140,000 square feet of space across nine stories atGreat Marlborough St., West End.
* London's Financial Times carrieda reporton how private investors from the Middle East and other regions are takingadvantage of market uncertainty over the impending Brexit by buying landmarkbuildings in the U.K. capital.
* Meanwhile, Nic Budden, CEO of real estate agency Foxtons, was reportedby Bloomberg News as saying that the Brexit will lead to reduced property salesin the 2016 first-half.
BNP Paribas REIM bought two office buildings fromCommerz Real. PIE reportedthat the purchase price was not disclosed but the group reportedly received€104 million from a bank loan.
The acquired properties are the 17,555-square-meterEurosquare II in Saint-Ouen, and a 9,582-square-meter building inNeuilly-sur-Seine.
The group plans to use the loan and its own capital tofund the acquisition.
Local developer Wing began work on Deutsche Telekom'sHungarian headquarters in Budapest, PIE reported.The 57,000-square-meter scheme is the largest single-block office developmentin the country, and is expected to cost €160 million.
The WeekIn European Real Estate: BHS collapse reveals property nightmare; FdR mulls€700M Paris asset sale: The April 29 edition of the weekly newsroundup of the European real estate space also includes China's HNA Group'sagreement to buy Carlson Hotels and Lar España Real Estate SOCIMI eyeing anacquisition pipeline of €1 billion.
Best ofSNL: Real Estate, most read: The 10 most read real estate articlesfor the week ending April 29.
Best ofSNL: Real Estate, editors' picks: Our real estate editors' picksfor the best stories of the week ending April 29.
TheDaily Dose Europe, Real Estate edition, is updated as of 6:30 a.m. London time.Some links require a subscription. Articles and links are correct as ofpublication time.