Latest reports – Page 2924
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PropertyEU Archive
Immofinanz expects earnings to double by 2013
Immofinanz Group is on track to lift earnings to around EUR 600 mln by the 2012/2013 fiscal year, CEO Eduard Zehetner told PropertyEU. The company reported this week that full-year net earnings soared 60% to EUR 315.5 mln in the year ended 30 April 2011.
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PropertyEU Archive
Colony Capital buys EUR 370m German NPL portfolio
US private equity firm Colony Capital has acquired a portfolio of institutional real estate collateralised non-performing loans (NPL) from four German banks: Eurohypo, Landesbank Hessen-Thüringen, Berlin Hyp and Archon Capital Bank.
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PropertyEU Archive
Taco de Groot named CEO at Vastned Retail
Dutch property fund VastNed Retail has appointed Taco de Groot as new Chief Executive Officer, effective September 1.
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PropertyEU Archive
CPI takes 50% stake in Prague's flagship Copa Centrum project
Czech Property Investments (CPI), a Prague-based company owned by financier Radovan Vitek, has purchased a 50% stake in the Copa Centrum Narodni in a landmark transaction for the Czech property market.
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PropertyEU Archive
CPI completes EUR 73m purchase in Slovakia
Czech Property Investments (CPI), a Prague-based company owned by financier Radovan Vitek, has completed the purchase of a logistics park in the Slovakian town of Lozorno, near Bratislava, from Aire GmbH & Co (formerly AIG International Real Estate). The transaction, totalling EUR 73 mln, is the largest investment deal in ...
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PropertyEU Archive
Etalon to build St Petersburg's EUR 350m congress project
Russian listed property developer Etalon has signed an agreement with ExpoForum to become the general building contractor for the first stage of a major congress and exhibition centre in St Petersburg.
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PropertyEU Archive
BAM, Amber to develop Federal Ministry's HQ in Berlin
A consortium led by the German arms of Dutch development group BAM and UK contractor Amber has won the EUR 115 mln contract to develop the new Berlin headquarters for the Federal Ministry for Education and Research.
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PropertyEU Archive
AXA Real Estate sells Grosvenor mall for EUR 24m
AXA Real Estate Investment Managers has sold the Grosvenor shopping centre in Macclesfield, England, to UK commercial property investor Eskmuir. The property was sold for £21 mln (EUR 24 mln) on behalf of AXA's client, Friends Life Company,
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PropertyEU Archive
Funding dynamics shift as UK investors gain confidence: Lloyds Bank
Investors in the UK appear more prepared to accept alternative sources of financing, according to the latest Commercial Property Confidence Monitor released on Friday by Lloyds Bank Corporate Markets together with the Investment Property Forum.
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PropertyEU Archive
TNK-BP sells Moscow's Alfa Arbat Center for EUR 170m
Cushman & Wakefield (C&W) has confirmed the sale of the Alfa Arbat Center office complex on Moscow' Arbat Street to Promsvyaznedvizhimost, owned by Russian billionaires, Alexey and Dmitriy Ananyev. The transaction, which was carried out on behalf of Russian oil group TNK-BP, amounts to $238 mln (EUR 167 mln).
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News
Ecofin downscales European infrastructure due to political risk
Political interference has spurred company's move up energy value chain, says chairman.
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PropertyEU Archive
Investment in German logistics plunges 17% in H1: Colliers
German logistics and industrial real estate investments fell by 17% to EUR 587 mln in the first six months of 2011, according to new research by Colliers International. The figure goes against the overall trend, which has seen commercial property transactions rise by 24% year-on-year to a total of EUR ...
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PropertyEU Archive
VIB Vermögen invests EUR 33m in logistics assets
Germany's VIB Vermögen is investing EUR 33 mln in four logistics properties in Germany after having raised funds of nearly EUR 30 mln through a rights issue in June.
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PropertyEU Archive
Sonae Sierra posts EUR 13m profit in H1
International shopping centre specialist Sonae Sierra said on Thursday it posted net profit of over EUR 13 mln in the first half of 2011, compared to EUR 648,000 in the same period in 2010.
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PropertyEU Archive
Swiss Life buys 5 care facilities from Hochtief
Development group Hochtief Projektentwicklung has sold five care facilities with a total of 309 beds in the German cities of Lahnau, Schwalbach, Heusweiler, Burladingen and Altenmünster to the life assurer Swiss Life. The companies agreed not to disclose financial details.
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PropertyEU Archive
SCD sells Hungarian lake development to consortium
Hungarian property developer SCD is selling its 50% stake in the Lake Balaton development portfolio to a consortium of investors represented by the newly-created Turisztika Hungária vehicle. Financial details were not disclosed.
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PropertyEU Archive
Immofinanz buys mall development site in Lublin
Austrian listed property group Immofinanz has bought a shopping centre development site in a inner-city location in Lublin, Poland for an undisclosed amount.
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PropertyEU Archive
CBRE expands UK debt advisory team
CB Richard Ellis (CBRE) has appointed Adam Wilton as senior director to strengthen its UK Debt Advisory division, which originated nearly EUR 1 bn of new loans across Europe last year.
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PropertyEU Archive
Capital Group sells $300m portfolio to UFG RE
Russian real estate developer Capital Group is selling two office properties and a shopping centre to UFG Real Estate and an unnamed business partner. Although the financial details were not disclosed, the deal is said to amount to over $300 mln (EUR 211 mln).
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PropertyEU Archive
Immofinanz resumes dividend payout as earnings bounce back
Immofinanz Group has resumed dividend payouts following a sharply improved performance over the 2010/11 financial year ended on 30 April 2011. The company is proposing a dividend of 10 cents per share after a strong surge in fourth-quarter profits lifted full-year net earnings by 60% to EUR 313.5 mln. ...
