Latest reports – Page 2951
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PropertyEU Archive
Atrium settles legal dispute with Meinl Bank
Vienna and Amsterdam-listed Atrium European Real Estate has announced that it has laid a long-running dispute with former major shareholder, Austria's Meinl Bank, to rest. The two sides have reached an agreement that resolves all disputes between them.
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PropertyEU Archive
AMF Real Estate sells Stockholm scheme for EUR 46m
Swedish property company AMF Real Estate said on Monday that it has sold the Stettin 6 asset in Stockholm's Tegeluddsvägen area to an affiliate of Estancia Fastigheter for some SEK 420 mln (EUR 46 mln). Ownership will be transferred in the fall of 2011.
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PropertyEU Archive
Strabag to develop over 15,000 m[sup]2[/sup] in Stockholm
Construction group Strabag's Swedish development subsidiary is to develop over 12,000 m[sup]2[/sup] of residential space and more than 2,000 m[sup]2[/sup] of retail space in Tyresö, a southern suburb of Stockholm.
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PropertyEU Archive
Demand for prime shopping centres persists: C&W
Investor demand for prime shopping centres in the UK, Germany and France is unlikely to wane in the next few months, according to new research released last week by property adviser Cushman & Wakefield.
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PropertyEU Archive
Westfield Stratford City lines up All Star Lanes
Westfield Stratford City has signed All Star Lanes to open a 14-lane bowling alley, restaurant and cocktail bar at the new London development. The move brings the total leisure component at Westfield's second megamall in the UK capital to around a third, Bill Giouroukous, head of operations told PropertyEU at ...
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PropertyEU Archive
MAB-Sonae Sierra jv to develop EUR 120m mall in Germany
MAB Development and Sonae Sierra have formed a joint venture to develop a new EUR 120 mln shopping centre at the former Karstadt building in Solingen, a city in the North Rhine-Westphalia region of Germany.
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PropertyEU Archive
Generali to invest EUR 100m in redevelopment of Milan scheme
The real estate arm of Italian insurance giant Generali is investing some EUR 100 mln to convert an office building in the eastern part of Milan into 120 residential units, Giovanni Paviera, CEO of Generali Immobiliare Italia Sgr told PropertyEU in an interview.
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PropertyEU Archive
Canary Wharf in talks to buy EUR 170m Citi tower debt - report
Canary Wharf Group is in exclusive talks with Royal Bank of Scotland to buy more than £150 mln (EUR 171 mln) of debt backing the Citigroup tower, which is being sold by its private owners for over £1 bn, the Financial Times has reported.
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PropertyEU Archive
Situs forms EUR 3b Nordic debt JV
US-headquartered real estate adviser and loan servicer The Situs Companies has formed a joint venture with German bank HSH Nordbank and special servicer Helios AMC to provide third-party loan servicing and real estate advisory services throughout the Nordic region.
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PropertyEU Archive
ABN Amro unit buys Dutch distribution centre for EUR 23m
ABN Amro Meespierson has acquired a new distribution centre in the Dutch city of Waalwijk in a sale-and-leaseback transaction with retailer Spar for EUR 23 mln. Spar has signed a 15-year lease agreement with ABN Amro Meespierson Real Estate Growth Fund.
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PropertyEU Archive
Bouwfonds REIM, Quares to set up EUR 150m Benelux retail fund
European fund manager Bouwfonds REIM is working with Belgian real estate company Quares to establish a real estate fund offering private investors access to high-quality shops in top locations in the Benelux. The fund has an equity target of EUR 150 mln spread over three closings. The fund launch is ...
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PropertyEU Archive
Eurohypo to offload Italy's Magiste portfolio
German bank Eurohypo is seeking a buyer for some EUR 150-200 mln of Italian assets which it recently took over from the insolvent owner, Magiste Real Estate, well-informed market sources have told PropertyEU.
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PropertyEU Archive
Trigranit delivers B4B project in Krakow
CEE developer Trigranit has delivered the Bonarka 4 Business (B4B) office project in Krakow to its tenants. The Class A office complex, representing a partnership of TriGranit Development Corporation and builder IPR Polska, offers 15,700 m[sup]2[/sup] of space in two independent buildings.
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PropertyEU Archive
Rental growth continues in select European markets: Knight Frank
The majority of Europe's commercial property markets are continuing to either stabilise or recover at a modest rate, according to Knight Frank's Summer 2011 European Market Indicators research report. In the past three months, rental growth has been observed in a number of key European markets. However, little movement in ...
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PropertyEU Archive
Immofinanz takes full ownership of SEE developer Adama
Austrian listed group Immofinanz has signed an agreement to acquire the remaining 69.22% stake it did not already own in Southeast European residential developer Adama. The vendors include US-based hedge fund Tiger Global, Morgan Stanley, Lehman Brothers UK in administration and the founding shareholders. The transaction price amounts to EUR ...
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News
Pension schemes acquire Canadian timber giant
BCIMC, Public Sector Pension Investment Board pay €900m for Canada's largest timber company.
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News
Korean pension fund targets London property in first overseas foray
Seoul-based Public Officials Benefit Association to invest approximately £170m in prime property.
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News
German commercial property remains 'most attractive in EU'
Good economic conditions lead to strong interest for commercial real estate deals.
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News
German doctors' pension fund buys office building in Paris
Invesco does deal on behalf of Versorgungswerk for doctors in North Rhine-Westphalia.
