Latest reports – Page 2945
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PropertyEU Archive
Unieco sells Fidenza shopping park to Cordea Savills
Italian private real estate developer Unieco has divested the Fidenza shopping park near Parma, Northern Italy, to fund manager Cordea Savills' Radegonda closed-end investment fund for institutional investors. The transaction - the first acquisition for the newly-launched Radegonda fund - amounts to around EUR 40 mln.
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PropertyEU Archive
Reyal Urbis seeks new debt refinancing
Spanish listed office property company Reyal Urbis said this week that it has resumed discussions with its creditor banks regarding a new refinancing of its debt in light of the 'continuing deterioration of the real estate market'.
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PropertyEU Archive
Futureal to invest EUR 100m in development partnerships
Hungarian developer Futureal aims to invest EUR 100 mln of equity through development partnerships over the next two years to jumpstart stalled projects in Central and Eastern Europe (CEE).
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PropertyEU Archive
DIC sells office complex at MainTor
German listed real estate company Deutsche Immobilien Chancen (DIC) has announced the forward sale of an office complex at the MainTor project in Frankfurt. The buyer is Frankfurt-based private Professor Carlo Giersch.
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PropertyEU Archive
Trigranit parent ties up with China's HNA in development venture
Demján Group, the majority shareholder in Budapest-based CEE developer Trigranit, is linking up with one of the top Chinese private conglomerates to cooperate in a number of areas including large real estate projects.
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PropertyEU Archive
Dutch portfolio sale looms after failed refinancing talks
A EUR 865 mln office portfolio in the Netherlands faces a potential forced sale after the collapse of refinancing talks between Eurohypo and the bondholders of the Opera Finance CMBS facility underpinning the assets.
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PropertyEU Archive
NSI, Multi to redevelop Keizerslanden mall
Dutch listed closed-end real estate investor NSI and private development group Multi have signed an agreement with the city of Deventer for the redevelopment and extension of the Keizerslanden shopping centre. The total investment will amount to EUR 25 mln.
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PropertyEU Archive
UK legacy loans could take 5 years to resolve, IPF told
The total commercial property lending market in the UK contracted to around £290 bn (EUR 329 bn) last year from £305 bn in 2009, delegates at a recent Investment Property Forum event in London heard.
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PropertyEU Archive
Hammerson gets London Wall consent
UK REIT Hammerson has received planning consent for its London Wall Place office development. The 46,000-m[sup]2[/sup] scheme, designed by MAKE architects, will require the demolition of the St Alphage House tower and podium in London to make way for two landmark office buildings.
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PropertyEU Archive
Prime Office relaunches IPO at lower issue price
German real estate investor Prime Office has announced that it is relaunching its IPO of shares for retail and institutional investors on Wednesday. Some 34.5 million shares are being offered at EUR 6.20 per share - a substantial reduction on the original range of EUR 7-9.50 cited in the lead ...
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PropertyEU Archive
Hemfosa inks sale-and-leaseback deal with Saab
Cash-strapped Swedish carmaker Saab Automobile has signed a preliminary agreement to sell a 50.1% share in its property portfolio, including the company's factory in Trollhättan, to a consortium of Swedish real estate investors led by Hemfosa.
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PropertyEU Archive
Real Estate Society of Romania officially launched
A number of international property consultants gathered in Bucharest last week to officially launch the Real Estate Professionals Society (REPS) in an effort to promote higher professional standards in the Romanian market.
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PropertyEU Archive
Max JV seals EUR 174m Central London deal
A 60/40 joint venture between Max Property Group and Newmarket Property Holdings, a subsidiary of an overseas family trust, has agreed to purchase the freehold St Katharine Docks from St Katharine's Investments. The cash consideration of £156 mln (EUR 174 mln), net of acquisition costs, equates to a capital value ...
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PropertyEU Archive
Goodman opens first warehouse at Kraków Airport
Goodman Group has opened its first warehouse at Kraków Airport Logistics Centre, with two tenants in place and a third set to move in next week. When construction began on the 14,000-m[sup]2[/sup] warehouse in October 2010, it was Goodman’s first speculative development in Central Europe in 18 months.
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PropertyEU Archive
Composition completes European acquisitions
Composition Capital Partners has finalised three residential and commercial property investments in Germany and the Nordics on behalf of its second Europe Fund, which is now fully invested. Financial details were not disclosed.
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PropertyEU Archive
IVG to transform Amsterdam office into budget hotel
German listed property group IVG Immobilien plans to convert an 8,200-m[sup]2[/sup] office building in the Sloterdijk district of Amsterdam into a 252-room Holiday Inn Express Hotel.
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PropertyEU Archive
Terrace Hill acquires foodstore development site
UK property developer and investment group Terrace Hill has exchanged contracts to acquire a development site in Sedgefield, County Durham. The site extends to 2.9 hectares. The acquisition is subject to obtaining planning for a 4,600 m[sup]2[/sup] foodstore and the signing of a pre-let. The financial details were not disclosed.
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PropertyEU Archive
St. Modwen gets green light for EUR 80m project
UK regeneration specialist St. Modwen Properties and its partner Advantage West Midlands have secured planning permission from the Birmingham city council to develop a £70 mln (EUR 79 mln) town centre at Longbridge.
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PropertyEU Archive
Helical Poland starts development of Europa Centralna mall
Helical Poland, a subsidiary of UK listed real estate investor Helicar Bar, has started the development of the Europa Centralna regional shopping centre and adjoining retail park near Gliwice, Poland.
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PropertyEU Archive
Etalon to build residential neighborhood in St. Petersburg
Russian listed developer Etalon Group has acquired a 2.1-hectare land plot in the Moskovsky district of St Petersburg for a 50,000 m[sup]2[/sup] mass market residential neighbourhood project. This is the second new project the company has added to its development pipeline since its IPO on the London stock exchange in ...
