Latest reports – Page 3141
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PropertyEU Archive
German optimism losing momentum: King Sturge
The sobering macro-economic sentiment has spilled over into the real estate industry in Germany dashing hopes for a strong recovery in 2010. The poll-based Real Estate Climate, mirroring the industry sentiment, clearly suffered in the May survey of the monthly King Sturge Real Estate Economy Index.
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PropertyEU Archive
Viveris REIM buys EUR 65m office building from Gecina
French investment manager Viveris REIM said that it has acquired a new office building in the Montrouge area of Paris from Gecina for EUR 65 mln. The 10,500-m[sup]2[/sup] scheme was purchased on behalf of Viveris Reim's SPPICAV Delta Immo vehicle.
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PropertyEU Archive
Altarea, ABP and Predica create SPV for Cap 3000
French retail specialist Altarea, pension fund giant ABP and life insurer Predica have created a new vehicle, Altablue, through which to conduct their purchase of the Cap 3000 shopping centre in Nice. The three partners bought the mall from Galeries Lafayette in early May for EUR 450 mln. The deal ...
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PropertyEU Archive
Citycon signs new EUR 50m loan
Helsinki-listed shopping centre developer-owner Citycon has signed a EUR 50 mln unsecured floating rate term loan facility with Pohjola Bank. The loan will mature in five years.
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PropertyEU Archive
XXI Century in talks with potential partners
XXI Century Investments has confirmed that it is in talks with a number of potential strategic partners in a bid to address its perilous financial condition. The AIM-listed firm cautioned that the talks are at a preliminary stage. 'There is no certainty that such negotiations will result in a successful ...
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PropertyEU Archive
Pradera to launch EUR 600m European retail fund
Retail specialist Pradera Europe plans to launch its third European retail fund in the second half of the year, chairman Colin Campbell told PropertyEU in an exclusive interview. The vehicle - Pradera European Retail Fund III - is targeting EUR 300 mln of fresh equity from European institutional investors. With ...
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PropertyEU Archive
Aberdeen acquires office asset in Helsinki for EUR 22m
Aberdeen Property Fund I Sicav-Fis has acquired the fourth and final phase of Falcon Business Park outside Helsinki from NCC Property Development. The investment volume for the Falcon Gentti property comes to SEK 213 mln (EUR 22 mln).
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PropertyEU Archive
Montea purchases logistics platform for EUR 35m
Euronext-listed Montea said it has acquired a class-A logistics platform in Saint-Cyr-en-Val, south of the French city of Orléans for over EUR 35 mln, reflecting a gross yield of 8.5%. The investment will be entirely funded with bank loans and/or a capital increase, the Belgian logistics group said.
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PropertyEU Archive
Hotel chain Abba in sale-and-leaseback in Madrid
Hotel chain Abba has sold the Abba Castilla Plaza de Madrid in a EUR 33 mln sale-and-leaseback transaction. The deal reflects a yield of over 7%. The buyers are a consortium of private investors led by Grupo Milenium.
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PropertyEU Archive
Metrovacesa sells EUR 122m worth of property
Spanish property company Metrovacesa has sold a portfolio of Madrid assets worth some EUR 122 mln to French group Continental Property Investments.
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PropertyEU Archive
Corestate acquires 'ailing' residential portfolio
Swiss real estate investor Corestate Capital has announced the acquisition of an 'ailing' portfolio of 2,300 apartments in Germany for EUR 77 mln. The portfolio comprises 137 properties located mainly in North Rhine-Westphalia. The vendors were unnamed foreign investors who acquired the assets during the peak of the German real ...
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PropertyEU Archive
Accrue Capital makes first acquisition
Accrue Capital, the real estate private equity house founded by Stephen Webster and John Slade, has made its first acquisition with the purchase of private property company Heathcroft Properties.
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PropertyEU Archive
Shell Netherlands to centralise offices
Shell Netherlands is in advanced talks to centralise a number of its offices in one location of up to 20,000 m[sup]2[/sup] in the Weena area of Rotterdam, PropertyNL, the sister publication of PropertyEU, has reported.
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PropertyEU Archive
Skanska sees green potential in Czech market
Swedish construction and development firm Skanska sees a promising future for more green buildings in the Czech market, in particular in Prague and Ostrava, Britta Cesar, managing director Skanska Property Czech Republic, told PropertyEU in an interview.
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PropertyEU Archive
Unsettled skies for global real estate markets: JLL
'Unsettled skies' loom over global real estate markets, according to Jones Lang LaSalle's latest Global Market Perspective. In January, the adviser forecast a 'cool recovery' ahead.
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PropertyEU Archive
Pirelli RE to change its name to Prelios
The board of Pirelli & C. Real Estate propose changing the company's name to Prelios. The name change will be put forward to the next shareholders' meeting and will take effect following the finalisation of the separation of Pirelli RE from the Pirelli & C group.
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PropertyEU Archive
Santander postpones sale of Banif assets
Spain's Banco Santander has postponed the sale of the real estate assets held by its EUR 2.6 bn Banif property fund due to lack of investor demand.
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PropertyEU Archive
AEW/Tristan acquires Polish warehouses for EUR 91m
European Property Investors Special Opportunities (EPISO), a fund co-advised by AEW Europe and Tristan Capital Partners, has completed the purchase of five core warehouses in Poland from Panattoni Europe and Standard Life Investments for about EUR 91 mln.
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PropertyEU Archive
Doughty Hanson, Multi set to develop Valdebebas site
A joint venture of UK investor Doughty Hanson, Dutch retail developer Multi and Proactive Asset Management has signed a preliminary agreement with the city of Madrid to carry out the development of the large-scale Valdebebas site in the northern part of the Spanish capital.
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PropertyEU Archive
Norwegian Property extends lease with 14% rental uplift
Norwegian Property has agreed with the Norwegian Labour and Welfare organisation (NAV) to extend the existing lease contract in Ibsenkvartalet for 5 years from 1 October 2011.
