Latest reports – Page 3185
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PropertyEU Archive
Segro annunces appointment of non-executive directors
Segro has announced the appointment of Doug Webb and Mark Robertshaw as non-executive directors. Doug Webb has been chief financial officer of the London Stock Exchange Group since June 2008. He was previously chief financial officer of QinetiQ Group and spent 12 years at Price Waterhouse, latterly as a senior ...
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PropertyEU Archive
Park Inn Hyde Park put up for sale in London
Advisory group Christie + Co has been instructed to sell the Park Inn Hyde Park, London on behalf of the Gresham Hotel Group. Christie + Co will be seeking substantial offers in excess of £35 mln (EUR 39 mln) for the freehold hotel.
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PropertyEU Archive
German government unveils new rules for GOEF investors
The German finance ministry has announced new laws under which investors in open-ended funds will be bound by a minimum holding period of two years. In addition, they will be subject to notice periods ranging from six months to two years, depending on the investment fund. Funds which opt for ...
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PropertyEU Archive
British Land appoints head of Retail
British Land announced the appointment of Charles Maudsley to head the group's EUR 5.8 bn Retail business in the UK and Europe. Maudsley will also retain his current role as executive director for Business Expansion.
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PropertyEU Archive
Hypo Real Invest buys Skanska office building in Prague
Skanska Property Czech Republic is divesting its office project, Vysehrad Victoria, in Prague to Vienna-based Hypo Real Invest's Immobilienfonds Nr.1 for EUR 13.5 mln..
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PropertyEU Archive
Colliers takes over property management of Carrefour Tsarigradsko Mall
Colliers International has taken over the property management of the new Carrefour Tsarigradsko shopping centre in Sofia. The shopping mall was developed by Carrefour on Tsarigradsko Shousse Boulevard, one of the main traffic arteries in Sofia.
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PropertyEU Archive
Vasallen begins sale of fully developed properties
Vasallen has announced it has started to sell off the property portfolio in seven locations in Sweden. The Swedish real estate company said it is optimistic the current market conditions will support the disposal of the 150,000 m[sup]2[/sup] of developed properties.
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PropertyEU Archive
Sberbank sells Alpi stores for $117m
Russian state-owned lender Sberbank has divested 23 Alpi supermarkets in an auction for $117 mln (EUR 86 mln). The retail properties were formerly owned by local retail and property development group Alpi and transferred to Sberbank at the end of 2009 in exchange for unredeemed debt. According to news reports ...
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PropertyEU Archive
Westimmo provides EUR 91m funding for Bentall Centre deal
German lender Westimmo has announced it provided an £82.6 mln (EUR 91 mln) loan to support Meyer Bergman's purchase of a 50% interest in the prestigious Bentall Centre in Kingston, London from Aviva Investors.
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PropertyEU Archive
Ghelamco nears deal on Trinity Park III
Ghelamco Poland is close to reaching an agreement with a German investor to sell its Trinity Park III office scheme in Warsaw, Poland. According to market sources, the building is under offer for just below EUR 100 mln. Belgian developer Ghelamco already sold Trinity Park I and II in recent ...
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PropertyEU Archive
Trigranit puts Poland's Bonarka mall on the market
Hungarian real estate developer Trigranit has put its flagship Bonarka shopping centre on the market. The scheme located in the Polish city of Krakow is said to be worth some EUR 200 mln. According to market sources, the company is looking to sell the entire or a part of its ...
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PropertyEU Archive
Umaco buys Eurolux hotel in Moscow
Russian hotel operator Umaco has completed the acquisition of the Eurolux hotel complex in central Moscow from a consortium of private investors. The companies agreed not to disclose the financial details. The three-star hotel asset is currently under refurbishment and is expected to re-open by the end of the spring ...
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News
Expectations Indicator
The IP Real Estate table of market sector expectations is the result of a survey among leading real estate managers asking for their views on the values of direct property investments/underlying fund assets over the next 12 months.
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PropertyEU Archive
DTZ Zadelhoff advises on Dutch portfolio sale
Property adviser DTZ Zadelhoff announced that it acted for the property management arm of Dutch insurer ASR in the recent sell-off of a residential portfolio valued at about EUR 86 mln. The Dutch arm of DTZ said its local network of offices put ASR Vastgoed Vermogensbeheer in contact with many ...
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PropertyEU Archive
Savills to sell Irish embassy in Brussels
International real estate adviser Savills has been exclusively instructed to sell the former Irish Representation headquarters located on Rue Froissart 83 in the Leopold district of Brussels.
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PropertyEU Archive
Alitalia puts five office buildings on the market
Italy's airline group Alitalia has started the sale of a number of office properties in Italy and abroad. The company said its administrator Augusto Fantozzi will manage the procedure which involves the sale of five office buildings located in Sesto San Giovanni (near Milan), Barcelona, Vienna, Buenos Aires and Sao ...
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PropertyEU Archive
LaSalle IM gears up to seize European opportunities
LaSalle Investment Management has announced that Susan Lloyd-Hurwitz has been appointed to the newly created role of managing director, Europe, and will be the newest member of LaSalle's nine person Global Management Committee. Lloyd-Hurwitz will also be an international director of LaSalle's parent Jones Lang LaSalle.
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PropertyEU Archive
JLL advises on EUR 76m mall sale in Woking
Jones Lang LaSalle's Shopping Centre Investment team has advised IM Properties on the sale of Wolsey Place Shopping Centre in Woking to Woking Borough Council for £68 mln (about EUR 75.8 mln). The investment volume reflects a net initial yield of 8.2%. Woking Borough Council is the freeholder.
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PropertyEU Archive
Heads roll at German fund manager Degi
Bärbel Schomberg and Malcolm Morgan have stepped down from the board of managing directors at German fund manager Degi. According to a press release, the pair have decided to step back from their present positions 'for personal reasons'. The news of their resignation comes hard on the heels of massive ...
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PropertyEU Archive
Meyer Bergman buys 50% stake in Bentall Centre
Meyer Bergman has acquired a 50% stake in The Bentall Centre, one of London’s most high profile shopping centres, from Aviva for around £130 mln (EUR 143.3 mln).
