Latest reports – Page 3117
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PropertyEU Archive
LSH to market major Nottinghamshire business park
UK commercial property consultancy Lambert Smith Hampton (LSH) has been instructed to sell one of north Nottinghamshire's biggest business parks. Harworth Estates, the property arm of UK Coal Mining Limited, has instructed the firm to find a buyer for Bilsthorpe Business Park, which is home to Nottinghamshire County Council and ...
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PropertyEU Archive
Conwert gets green light for ECO takeover
Vienna-listed residential property firm Conwert Immobilien Invest has been granted approval for the planned takeover of Austrian peer ECO Business-Immobilien by the antitrust authorities in Austria and Germany. Conwert said that if other conditions are met by the end of the acceptance period on 30 July, the transaction can expected ...
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PropertyEU Archive
Realty Lab advises AXA fund on Milan property disposal
Realty Lab, the Milan-based real estate brokerage partnership between Roberto Nicosia and Alessandro Manetti, has advised AXA Real Estate's European Office Income Venture (EOIV) fund on the disposal of an office block in Milan, for EUR 45.5 mln.
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PropertyEU Archive
Sonae Sierra signs leasing service deal in Greece
Sonae Sierra, the shopping centre specialist, has closed a leasing services agreement with Pradera for Village shopping & more, a shopping centre which opened in Attica, Greece in December 1999. The centre was renovated in November 2008.
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PropertyEU Archive
CBRE, JLL see earnings rebound in Q2
The two largest global commercial real estate advisory firms have reported a strong bounce back to profitability in the second quarter of this year, thanks to the combined effect of cost-cutting and higher earnings driven by a pick up in market activity.
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PropertyEU Archive
LGP lets 13,000 m[sup]2[/sup] warehouse in Tamworth
Legal & General Property (LGP) has announced it has secured Norbert Dentressangle Logistics as a tenant at Centurion Park in Tamworth, UK. The major French transport and logistics company has taken Unit 2 at the park, which comprises 141,770 sq ft (13,000 m2) of accommodation, on a 10-year lease term. ...
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PropertyEU Archive
AFI Dev. extends Mall of Russia facility
AFI Development, a real estate company focused on developing property in Russia and the CIS, has announced that it has reached an agreement with VTB Bank on the extension of the Mall of Russia credit facility agreement between the company and VTB Bank.
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PropertyEU Archive
UPDATE: Time running out for Karstadt agreement
Time is running out for rental values at insolvent German retailer Karstadt to be agreed, with lender Valovis and new owner Berggruen Holdings digging in their heels.
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PropertyEU Archive
Europa Fund II completes sale of Hofgarten Palais
Europa Capital, the general partner of Europa Fund II, has completed the sale of Hofgarten Palais in Düsseldorf to Union Investment Real Estate. The parties signed initial agreements in May.
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PropertyEU Archive
NIBC advises and finances acquisition of Strukton
Netherlands-based bank NIBC has announced that it arranged financing for the acquisition of Dutch infrastructure and urban development group Strukton by Dutch rail firm Nederlandse Spoorwegen and European consultancy-engineering firm Oranjewoud .
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PropertyEU Archive
Klepierre, Axa to pay Euro Disney EUR 47m for mall plot
Paris-listed real estate firm Klépierre and French insurer Axa have jointly acquired the land under Val d'Europe Mall from Euro Disney for EUR 47 mln. Inaugurated in October 2000, the mall is co-owned by Klépierre (55%) and Axa (45%) and they had a long-term lease with Euro Disney for the ...
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PropertyEU Archive
UK office market take-up slowed in mid-2010: King Sturge
UK office market take-up slowed in the second quarter of 2010 after an exceptionally strong start to the year but the underlying picture remains healthy, according to research by King Sturge. In the three months to June, occupiers took just 121,000 m[sup]2[/sup] of office space, less than half as much ...
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PropertyEU Archive
Redefine Intl acquires 5 Holiday Inns for EUR 127m
AIM-listed Redefine International (RDF) has announced it has exchanged agreements with The Splendid Hotel Group for the acquisition of a portfolio of five Holiday Inn hotels located in London for a total of £106 mln (EUR 127 mln). Completion of the transaction is conditional on RDF securing satisfactory funding terms ...
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PropertyEU Archive
Corio agrees to pay EUR 176m for Anatolium mall
Retail property specialist Corio has announced that it has acquired Anatolium shopping centre in Turkey for EUR 176 mln, in line with Corio's last reported Net Theoretical Yield for Corio Türkiye.
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PropertyEU Archive
Conwert appoints new executive director for finance
Vienna-listed property firm Conwert Immobilien Invest has appointed Thomas Doll as a new executive director. Doll will assume responsibility for
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PropertyEU Archive
Deutsche Pfandbriefbank extends EUR 600m facility for La Denfense tower
Deutsche Pfandbriefbank announced on Tuesday that it has renewed and extended the EUR 600 mln acquisition and development financing of the 'Tour First' tower in La Defense near Paris for Beacon Capital Partners. The financing facility was initially provided in June 2007 to finance the joint venture agreement between Beacon ...
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PropertyEU Archive
Carpathian in due diligence on two Polish sales
AIM-listed real estate investor Carpathian has announced that it is exploring two potential sale transactions in Poland as part of its strategy to return value to shareholders in the medium term.
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PropertyEU Archive
Irish investment in H1 reaches 2008 levels: Savills
The Irish investment market has seen a total transactional volume of EUR 130 mln in the first half of 2010, considerably higher than the EUR 85 mln recorded in the first six months of 2009. Savills predicts in a investment report that if the deals that are currently in negotiation ...
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News
German-owned Hypo Real Estate fails stress test
GERMANY – Government-owned Hypo Real Estate has failed a stress test by the Committee of European Banking Supervisors (CEBS).
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News
European occupancy markets dragged down by austerity measures
GLOBAL – While occupier demand is rising in the majority of countries across the globe, austerity measures to reduce fiscal deficits are causing a drag on euro-zone and UK real estate markets, according to the latest global report from the Royal Institute of Chartered Surveyors (RICS).
