Latest reports – Page 3068
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PropertyEU Archive
Sponda swings back to profit, signs EUR 650m of credit agreements
Finnish listed property company Sponda swung to an operating profit of EUR 133 mln in the first nine months of 2010, from a loss of EUR 37 mln in the same period a year before. Total revenue came in at EUR 174 mln, compared to EUR 179 mln in the ...
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PropertyEU Archive
Prelios halves loss to EUR 30m so far in 2010
Prelios, formerly Pirelli & Co Real Estate, has reported a loss of nearly EUR 30 mln in the first nine months of 2010, compared to a loss of EUR 58 mln in the same period a year before. The figure mostly reflects heavy writedowns on its portfolio, accounting for roughly ...
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PropertyEU Archive
Citigroup tower to be marketed for EUR 1bn-plus: report
Citigroup's European headquarters in London's Canary Wharf is to go on the market for more than £1 bn (EUR 1.1 bn), according to a media report.
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PropertyEU Archive
Savills expands retail agency team in Frankfurt
Savills Immobilien Beratungshas employed retail agent Julia Milanovic at its Frankfurt office. Milanovic has three years of experience in commercial real estate and most recently worked for NAI apollo in Frankfurt. Marco Mallucci, head of Savills Frankfurt, said: 'Julia Milanovic will further strengthen our market position in Frankfurt and we ...
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PropertyEU Archive
Sonae Sierra opens mall extention in Brazil
Sonae Sierra, through its subsidiary Sonae Sierra Brasil, has opened Parque D. Pedro Shopping first expansion, in Campinas, Brazil. The extension represents an investment of EUR 9.6 mln and is made up of a new boulevard with 34 new stores with 5,450 m[sup]2[/sup] of Gross Lettable Area (GLA).
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PropertyEU Archive
Norwegian pension giant buys stake in Regent St
Norway's giant government pension fund has made its first foray into the real estate sector by acquiring a chunk of Regent Street in London for £448 mln (EUR 511 mln).
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PropertyEU Archive
Savills recruits for office team in Hamburg
Savills Immobilien has recruited Sebastian Peters as Senior Consultant for its Hamburg office agency team. Peters, who started on 1 November 2010, has many years of experience in commercial real estate. A certified specialist in the real estate and housing sector, Kaufmann der Grundstücks- und Wohnungswirtschaft - EBZ, he started ...
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PropertyEU Archive
Unibail-Rodamco gets agreement on Les Halles renovation
SCFHP, a subsidiary of Unibail-Rodamco and AXA, owner-operator of the Forum des Halles shopping centre, has announced that it has concluded an agreement with the City of Paris setting out the conditions of its involvement as a partner in a rezoning project for Paris' Les Halles district.
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PropertyEU Archive
OVG to develop EUR 200m Deloitte office in Amsterdam
Specialist office developer OVG Projectontwikkeling is to develop a 40,000 m[sup]2[/sup] headquarters for accountant Deloitte and legal firm AKD in the Zuidas business district of Amsterdam.
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PropertyEU Archive
Europa Capital makes two appointments
London-based real estate investment group Europa Capital has announced two new appointments. James Farmer joins from the Royal Bank of Scotland (RBS) as an associate supporting the acquisitions team active in 'Middle Europe'. The team which covers France, Germany, Austria and Switzerland is headed by Nic Fox.
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PropertyEU Archive
Erste fund acquires Media Markt premises in Hungary
Erste Real Estate Fund has acquired a 4,400-m[sup]2[/sup] property in Szeged occupied by electronics retailer Media Markt in one of the few significant property transactions in Hungary this year. The vendor is Caelum Development. The parties agreed not to disclose the price.
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PropertyEU Archive
Skanska begins green office project in Budapest
Skanska is developing a new office property with a strong environmental profile in Budapest, Hungary. Skanska’s investment amounts to EUR 32.5 mln, about SEK 300 mln.
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PropertyEU Archive
Patrizia sells Isartor Palais new building project
Patrizia Projektentwicklung, a subsidiary of German listed Patrizia Immobilien, has sold the Isartor Palais property located on the Munich Altstadtring. The buyer is a pension fund in northern Germany. The parties agreed not to disclose the price.
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PropertyEU Archive
Catella fund spends EUR 12m in Munich
Catella Real Estate KAG announced on Thursday that it has acquired a 2,600-m[sup]2[/sup] core office property in Munich for its German open-ended fund Catella Max for EUR 12 mln. The vendor is UBS Real Estate's (D) Euroinvest Immobilien fund.
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PropertyEU Archive
Q3 capital growth in UK is shallowest of the year, delegates told
Modest rental uplifts over the third quarter failed to prevent the shallowest quarterly capital growth of the year, delegates at the IPD/IPF/PDIG Quarterly Q3 Briefing were told on Tuesday.
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PropertyEU Archive
Redevco reopens two units in Shoppi Tivoli redevelopment
Redevco Switzerland has reopened two units at Shoppi Tivoli in Switrzerland. Switzerland's largest shopping centre is located in Spreitenbach (Aargau) and offers 78,000 m[sup]2[/sup] of retail area spread over more than 150 stores and has around 4,300 m[sup]2[/sup] of parking. Shoppi Tivoli SC is the largest shopping centre in Switzerland.
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PropertyEU Archive
Moody's places Westfield rating under review
Moody's Investors Service has placed the A2/Negative ratings of Westfield Group on review for possible downgrade. The action was prompted by the Group's announcement that Westfield Group will undertake a restructure which will involve the transfer of approximately AU$12 bn of Australian and New Zealand assets into a new listed ...
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PropertyEU Archive
TK takes option on shopping centre property in Denmark
Danish listed real estate company TK Development has entered into an option agreement to acquire a property zoned for a shopping centre scheme in Odense, Denmark. The agreement also covers parts of Karre 3 mixed-use scheme in the same area.
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PropertyEU Archive
Helaba to remain picky as London office market takes off
German property financier Helaba has said it will remain selective as the office market in Greater London takes off. London is Helaba's second-largest foreign market after the US.
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PropertyEU Archive
RREEF acquires office properties in Warsaw
RREEF Investment has acquired the Topaz and Nefryt office properties in Warsaw on behalf of its open-ended grundbesitz europa fund for EUR 80 mln. The vendor is the Polish project development company Globe Trade Centre.
