PARIS- Altarea, Predica and ABP have set up a new company called AltaBlue, in which they will each hold one-third of the capital, to acquire Galeries Lafayette's 99.8% stake in Aldeta.

PARIS- Altarea, Predica and ABP have set up a new company called AltaBlue, in which they will each hold one-third of the capital, to acquire Galeries Lafayette's 99.8% stake in Aldeta.

ISTANBUL, TURKEY-The CBD, with not much office development recently, should see a return in growth.

ISTANBUL, TURKEY-The CBD, with not much office development recently, should see a return in growth.

LONDON-There's huge potential if the $2.9 trillion of property in corporate hands can be unlocked, says the company's head of European investment.

LONDON-There's huge potential if the $2.9 trillion of property in corporate hands can be unlocked, says the company's head of European investment.

MILAN, ITALY-The fund will focus on upgrading less-than-prime offices, says the fund's founder and CEO.

MILAN, ITALY-The fund will focus on upgrading less-than-prime offices, says the fund's founder and CEO.