Latest reports – Page 3087
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PropertyEU Archive
Goodman gets green light for Birmingham business park
Global property group Goodman has secured planning consent to broaden the scope of a future new development at its Birmingham Business Park. The park, which currently comprises 149,000 m[sup]2[/sup] of prime office space and provides accomodation for a range of companies including Orange, Beiersdorf and Fujitsu, has 14 hectares of ...
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PropertyEU Archive
Savills launches corporate finance team in Frankfurt
International property advisor Savills has announced the launch of a new corporate finance team in Frankfurt. The office begins operating today (1 October) 2010 through the transfer of existing director Christian Glock MRICS and associate director Dr Simon Kempf from its Berlin office.
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PropertyEU Archive
Hammerson completes sale of Exchange Tower
UK REIT Hammerson has completed the disposal of Exchange Tower, Harbour Exchange, in London's Docklands for £134 mln (EUR 155 mln). MPGA, the private equity real estate investment advisory company, exchanged contracts with Hammerson in June to acquire the 45,000-m[sup]2[/sup] office tower on behalf of MGPA Europe Fund III. The ...
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PropertyEU Archive
Redevco acquires prime retail asset in Budapest
Redevco has purchased a prime retail property in the heart of Budapest's city centre from ING Real Estate Development for EUR 44 mln. The 6,250-m[sup]2[/sup] property is located at 1 Vörösmarty Square, the main square in the city's prime retail district.
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PropertyEU Archive
Phase 2 opens at Veneto Designer Outlet
McArthurGlen, Europe's leading developer, owner and manager of designer outlets, has opened the second phase of its Veneto Designer Outlet, in Noventa di Piave (VE). The opening marks the addition of further 7,600 m[sup]2[/sup] of retail space to the centre.
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PropertyEU Archive
Quantum buys Hamburg apartments for EUR 45m
Hamburg-based real estate company Quantum Immobilien has acquired an apartment building in the city for EUR 45 mln. The vendor is Neuer Steinweg, a joint venture between Deutsche Immobilien and Hamburg Team. The property comprises 136 apartments and a retail component over 12,750 m[sup]2[/sup].
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PropertyEU Archive
Kanam liquidates US-grundinvest fund
German fund manager Kanam said on Thursday it is winding up its US-grundinvest fund in response to demands from a majority of unit holders in Germany's only dollar-denominated open-ended fund. Fund holders will be reimbursed to the tune of $250 mln (EUR 184 mln) before the end of the year ...
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PropertyEU Archive
Echo secures EUR 17m loan from Nordea Bank Polska
Echo Investment has concluded a loan agreement with Nordea Bank Polska with a value of EUR 17 mln. The acquired funds will be used to refinance and finance construction costs of the Oxygen office building in Szczecin.
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PropertyEU Archive
Deka acquires NY office building for EUR 95m
Deka Immobilien has acquired an office building in New York’s Midtown Manhattan for approximately EUR 95 mln. The property located at 19 West 44th Street was acquired for the Deka-ImmobilienGlobal open-ended mutual property fund. It was sold by the property company SL Green Realty Corp.
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PropertyEU Archive
Forum Partners acquires Berlin residential portfolio
Kompass, a new residential property investment company, has made its first acquisition of just under 1,000 residential units in Berlin-Hellersdorf for EUR 25 mln.
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PropertyEU Archive
Sandberg appointed head of C&W Italy
Cushman & Wakefield (C&W) announced on Wednesday that Joachim Sandberg will be the new head of the property advisor's 100-strong Italian operation. He takes up the position in January 2011.
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PropertyEU Archive
Corenet Global European Summit attracts 500 delegates
Corenet Global's 9th annual European Summit has attracted nearly 500 delegates to the UK capital to participate in a conference programme themed Ingenuity at Work: Bold Approaches to Corporate Real Estate.
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PropertyEU Archive
Citycon raises EUR 63m from share offer
Helsinki-listed shopping centre specialist Citycon has raised total proceeds of ERU 63 mln from a share offer carried out last week. Some 22 million shares,
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PropertyEU Archive
Beni Stabili lists bonds on Luxembourg Stock Exchange
Italian real estate company Beni Stabili has listed EUR 225 mln of equity-linked bonds on Luxembourg Stock Exchange. The five-year convertible bonds were issued in April this year and have a coupon of 3.875%.
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PropertyEU Archive
Silic delivers Grand Axe building to AXA France
French listed property company Silic has completed the development of a 16,400-m[sup]2[/sup] mixed-use building located within its La Défense - Nanterre Préfecture business park, in the western suburbs of Paris. The new Grand Axe 2 property was fully leased by Silic to the Groupe Axa France, which already occupies Grand ...
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PropertyEU Archive
HGI names new business development director
International asset manager Henderson Global Investors (HGI) has appointed Giorgio Giovannini to the position of new business development director. Giovannini, HGI's country manager for Italy, has been leading the group's Italian activities since 2001.
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PropertyEU Archive
Madelon de Blok joins NautaDutilh as senior associate
Madelon de Blok has joined Benelux law firm NautaDutilh as senior associate. She previously worked in the real estate practice of Dutch law firm Boekel de Nerée. De Blok advises on the legal issues concerning all areas of real estate, with an emphasis on commercial property.
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PropertyEU Archive
Carlyle completes B&B Hotel deal for EUR 480m
Global alternative asset manager The Carlyle Group has completed the acquisition of the pan-European B&B Hotel Group for EUR 480 mln. B&B operates a chain of 223 budget hotels with a total of 16,162 rooms across France, Germany and Italy.
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PropertyEU Archive
McCann named chairman of ING Management Australia
ING has announced the appointment of Kevin McCann as chairman of ING Management Limited, the responsible entity for the five listed funds managed by ING REIM (REIMA). McCann replaces Richard Colless, who has retired after eight years at the helm.
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PropertyEU Archive
Pik agrees home mortgage plan with Sberbank
London-listed Pik Group, one of Russia's leading residential real estate developers, has reached an agreement with Sberbank of Russia on the expansion of its programme to make mortgages available to Pik customers for properties that are at the final stage of completion.
