Latest reports – Page 3017
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PropertyEU Archive
Hines seals EUR 50m refinancing of Spanish mall
US developer, investor and investment manager Hines has reached an agreement with German lender Eurohypo for the refinancing of its Zielo shopping centre in the Spanish city of Pozuelo de Alarcon, near Madrid. Eurohypo will provide a new financing facility of EUR 50 mln for the LEED-certified mall.
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PropertyEU Archive
Icade plans EUR 900m development drive
French property company Icade said that it is planning to re-invest the proceeds from the sale of its EUR 2 bn housing portfolio into commercial property assets 'generating immediate secure cash flows'.
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PropertyEU Archive
Hochtief's Rondio 1 receives LEED Gold cert
German construction-development group Hochtief has announced that its completed office scheme Rondo 1 in Warsaw is the first multi-tenant building in Europe to receive the LEED Gold certificate in the Existing Buildings category.
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PropertyEU Archive
NREP buys two logistics assets in Sweden
Nordic Real Estate Partners (NREP) has signed an agreement to acquire two logistics assets in Sweden from property company Kilenkrysset for SEK 445 mln (EUR 51 mln).
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PropertyEU Archive
Overseas interest booms in Madrid: Savills
Overseas interest in Madrid offices accounted for a 31% increase in transactions in 2010, up from 2% in 2009, according to a Savills report.
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PropertyEU Archive
Bouygues consortium to develop Defence Ministry HQ
The French Ministry of Defence has chosen a Bouygues-led consortium for the development of its future headquarters on the 16-hectare Balard site, south of the 15th arrondissement of Paris.
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PropertyEU Archive
Sagax, Hemfosa sell offices for EUR 43m
Söderport Properties, a 50/50 joint venture of Swedish listed companies Sagax and Hemfosa Fastigheter, has sold a portfolio of six office properties in central Malmo, Sweden. The transaction price amounts to around SEK 380 mln (EUR 43 mln) and is in line with the assets' current market value.
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PropertyEU Archive
Bucharest's City Mall to be auctioned for EUR 33m
Casa de Insolventã Transilvania, administrator of the City Mall scheme in Bucharest, has announced that the asset is to be auctioned on 31 March with a starting price of EUR 33 mln.
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PropertyEU Archive
Caelum gets green light for ParkLake Plaza in Bucharest
Ireland's Caelum Development has received a building permit for the Parklake Plaza shopping centre in Bucharest. Construction work is expected to start in July this year.
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PropertyEU Archive
FBU to sell commercial property holdings
Norwegian listed real estate company Fornebu Utvikling (FBU) has announced that it is to sell its commercial property interests in Fornebu, just outside Oslo. The divestment is part of the company's strategy to focus on residential development in Fornebu.
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PropertyEU Archive
Corio books EUR 376m profit in 2010
Pan-European retail real estate specialist Corio saw a strong improvement in its financial performance last year. The Amsterdam-listed company reported a net profit of EUR 375.7 mln or EUR 4.31 per share. This compares to a negative EUR 131.9 mln (-EUR 1.83 per share) a year earlier.
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PropertyEU Archive
First Atlantic to launch fund for Banca Marche
First Atlantic Real Estate has reached an agreement with Banca delle Marche to set up a real estate fund which will own the majority of the Italian lender's network of branches and office buildings, CEO Daniel Buaron told PropertyEU in an exclusive interview.
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PropertyEU Archive
Abercrombie and Fitch come to Dublin
Major US fashion and lifestyle retailer Abercrombie and Fitch is to open its first store in Dublin. The fashion giant's latest European store will be located at 34 College Green, a former banking hall building, in the Irish capital's city centre.
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PropertyEU Archive
Prologis seals development deal in Czech Republic
Global provider of distribution facilities Prologis has signed a new build-to-suit (BTS) development agreement totaling 22,400 m[sup]2[/sup] and with a total expected investment of $19.2 mln (EUR 14 mln).
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PropertyEU Archive
Rental uncertainty halts EUR 350m Dublin mall deal
The struggling Irish real estate market has been dealt a new blow by the collapse of the sale of the country's largest shopping centre. Aviva Investors confirmed on Friday that negotiations to sell the 44,000-m[sup]2[/sup] Liffey Valley centre to F&C REIT and Area Property Partners have been halted.
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PropertyEU Archive
Keen to expand Rzeszow mall in Poland
Keen Property Partners Retail (KPP Retail) has announced that it is to expand Rzeszów Plaza shopping centre in Poland due to customer and tenant demand. As a result, the commercial space of the mall will increase by 5,000 m[sup]2[/sup] to a total 19,500 m[sup]2[/sup]. There will be around 15 new ...
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PropertyEU Archive
Cauët to head retail unit at Affine
Pierre-Emmanuel Cauët has been appointed head of retail assets at French listed property group Affine. The company manages, for its account or that of French SIIC AffiParis, a portfolio of 87 buildings with an estimated value of EUR 822.3 mln. The portfolio comprises 668,000 m[sup]2[/sup] in France, including 17% of ...
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News
Germany's Union Investment sees record institutional inflows
Net sales surge to €11.3bn last year, with Spezialfonds being one of the main drivers.
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News
AP2 sees agricultural real estate as perfect for diversifying
Chief investment officer says scheme uses asset to offset high exposure to equity market.
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News
ING to offload property business to CB Richard Ellis
Deal will include ING REIM Europe, ING REIM Asia and US-based Clarion Real Estate Securities.
