Latest reports – Page 2984
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PropertyEU Archive
Ikea to build EUR 250m mall in Bayonne
Inter Ikea Centre Group has unveiled plans to invest EUR 250 mln in the development of a shopping centre adjoining an Ikea store in Bayonne, in the Pays Basque, south-western France.
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PropertyEU Archive
Carrefour shareholder opposes plans to spin off property arm
Investor advisory group Deminor has joined the opponents of French hypermarket chain Carrefour's plans to spin off its Dia discount stores and 25% of its Carrefour Property units. The minority shareholder said the spin-off of some of Carrefour's key assets would dismantle the French retailer.
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PropertyEU Archive
Italian pension scheme plans EUR 2b property fund
Italy's social security agency INPS (Istituto Nazionale Previdenza Sociale) is in the process of selecting a facility and property management company as well as a SGR fund management firm to launch a fund which will own the bulk of the agency's property assets.
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PropertyEU Archive
Cofinimmo places EUR 173m bond offering
Listed Belgian real estate company Cofinimmo has confirmed placement of a EUR 173.3 mln convertible bond offering. The bonds, convertible into ordinary shares, are due on 28 April 2016.
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PropertyEU Archive
Redevco acquires retail property in UK for EUR 35m
Redevco, an independent international real estate company, has purchased the freehold investment of a block of prime multi-let retail properties at 56-76 Commercial Road, Bournemouth in the UK from a private Irish investor for £31 mln (EUR 35 mln).
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PropertyEU Archive
AXA REIM's debt programme reaches EUR 2.7b
AXA Real Estate Investment Managers has raised an additional EUR 180 mln from a number of European insurance companies in the second close of its pan-European debt fund, Commercial Real Estate Senior 1 (CRE1). The fund has now attracted total equity of EUR 530 mln, following the EUR 350 mln ...
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PropertyEU Archive
Investor focus on value-add in mature mall markets: DTZ
Investors are likely to increasingly focus on value-add opportunities in larger, mature European shopping centre markets in 2011 and 2012, according to DTZ Research's latest Property Times European Shopping Centre report.
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PropertyEU Archive
Rockspring buys retail warehouses for EUR 62 mln
Rockspring Property Investment Managers has acquired three retail warehouse properties in West Germany for EUR 62.2 mln. The properties were sold by a private investor in an off-market process, reflecting a blended net initial yield of just under 7%.
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PropertyEU Archive
Italian commercial property delivers robust 5.2% total return in 2010
Italian commercial property delivered a 5.2% total return in 2010, a strong improvement on the 0.8% recorded in 2009, according to the IPD Italy Annual Property Index. However, capital values continued to decline, now for the third consecutive year, at -0.5%.
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PropertyEU Archive
Catalunya Caixa buys EUR 430m of assets for property arm
Five Spanish developers have surrendered their struggling projects to local lender Catalunya Caixa in a move to boost their financial positions. Catalunya Caixa's property arm has taken control of EUR 430 mln worth of development projects in exchange for financing or refinancing facilities.
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PropertyEU Archive
Vastned O/I and NSI resume merger talks
Listed Dutch property groups VastNed Offices/Industrial (VNOI) and Nieuwe Steen Investments (NSI) have resumed discussions about a possible merger. Both companies stressed there was no certainty that the talks would lead to a transaction.
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PropertyEU Archive
Hines partners with KGK in EUR 80m project near Barcelona
US developer and investor Hines has signed an agreement with Indian company KGK to develop and manage a residential construction project in Sant Pere de Ribes, in the surroundings of Barcelona. The project is expected to involve an investment of some EUR 80 mln.
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PropertyEU Archive
EUR 3.5b of real estate on sale in CEE: C&W
More than EUR 3.5 bn of investment real estate product is being actively offered for sale in the core CEE markets of Poland, the Czech Republic, Slovakia and Hungary, according to Cushman & Wakefield. This is marginally up on the previous quarter.
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PropertyEU Archive
Norwegian Property secures EUR 1.3 bn credit line
Oslo-listed Norwegian Property has established new credit facilities totalling (NOK 10 bn) EUR 1.28 bn. The total credit amount is split in two main credit facilities. Nordea Bank Norge and Skandinaviska Enskilda Banken (SEB) offered EUR 641 mln in equal amounts for a duration of seven years.
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PropertyEU Archive
Kungsleden swaps property with Peab
Listed Swedish property company Kungsleden has announced that it is selling its participation in a development property in Västerås, west of Stockholm, to construction and civil engineering company Peab. The pair are currently joint 50% owners of Kokpunkten Fastighets, which owns the development property.
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PropertyEU Archive
Banks provide EUR 320m financing to Leipziger Platz project
German developer High Gain House Investments (HGHI) has received a EUR 320 mln financing facility from a consortium of banks led by DG Hyp for the construction of a EUR 450 mln mixed-use complex on Berlin's Leipziger Platz. The banking syndicate includes lenders Helaba, UniCredit Bank, and Eurohypo.
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PropertyEU Archive
McArthurGlen opens Luxembourg designer outlet
Henderson Global Investors and McArthurGlen have officially opened the first phase of the recently renovated McArthurGlen Designer Outlet Luxembourg.
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PropertyEU Archive
INREV appoints new management board
INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, has made three new appointments to its management board: Christian Delaire, CEO of AEW Europe; Matthew Ryall, head of Indirect Investment, Allianz Real Estate; and Neil Harris, senior Vice President, head of Asset Management, Europe, GIC Real Estate International.
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PropertyEU Archive
NAMA appoints receiver for some Derek Quinlan debt
Ireland's bad bank agency NAMA has called in statutory receivers to take charge of a number of properties owned personally by Irish businessman Derek Quinlan and members of his immediate family.
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PropertyEU Archive
International events boost growth in European cities: ULI
Cities in Europe are increasingly vying for major international entertainment or sporting events as a way to expedite development and investment that will provide an economic boost lasting far beyond the actual events, according to a new report from the Urban Land Institute (ULI).
