Latest reports – Page 3223
-
PropertyEU Archive
Union Investment purchases shopping centre project in Belgium
Union Investment Real Estate has signed a purchase agreement for the shopping centre 'K' located in Kortrijk, Western Flanders, Belgium. Foruminvest, the vendor and developer of the centre, remains responsible for the scheme until the opening and will remain involved in the management of the centre afterwards.
-
PropertyEU Archive
Panattoni leases 7,200 m[sup]2[/sup] of space in Polish park
Industrial group Panattoni Europe said it has leased a further 7,200 m[sup]2[/sup] of space in Blonie park near Warsaw to pharmaceutical company Poltraf. Panattoni Park Blonie II provides over 24,000 m[sup]2[/sup] of space and is leased to a number of tenants including Logus, Indykpol, OSG and MPM Product.
-
PropertyEU Archive
CBRE Investors' Le Mermoz wins Simi award
CBRE Investors' Mermoz office building located in Bourget, France was named the best development of the year in the category of new office buildings at the Simi property fair in Paris. Designed by architects Joël Friant et Jacques & Eric Haour, Le Mermoz offers nearly 21,000 m[sup]2[/sup] of office space ...
-
PropertyEU Archive
The Crown Estate buys 50% of Land Sec's Princesshay mall
The Crown Estate has exchanged contracts to acquire a 50% stake in Princesshay Shopping Centre in Exeter, UK from Land Securities for close to £100 mln (EUR 111 mln).
-
PropertyEU Archive
Skanska to build hotel in Trondheim for EUR 65m
Swedish construction giant Skanska has secured an assignment from Star Property to build a Clarion Hotel in Trondheim, Norway. The contract value is NOK 550 mln (almost EUR 65 mln). The new hotel will comprise 31,000 m[sup]2[/sup] of space, have 400 rooms and a large conference hall. Construction will ...
-
PropertyEU Archive
Crossrail acquires 18/19 Hanover Square in compulsory purchase
London's Crossrail has acquired 18/19 Hanover Square in London from Great Portland Estates plc (GPE). The acquisition was carried out via a compulsory purchase order (CPO) under the Crossrail Act 2008 to enable the development of the Bond Street Crossrail station.
-
PropertyEU Archive
Mirax trims Federation Tower from 94 to 64 floors
Mirax Group Corporation has announced it is to reduce Tower East of the Federation business center in Moscow from 94 to 64 floors. The original plan for the Federation Tower envisaged it becoming the tallest tower in Europe.
-
PropertyEU Archive
Altarea-Cogedim teams up with Orion to build Paris mall
French property developer Altarea-Cogedim is joining forces with private equity group Orion Capital Managers to develop a new shopping centre in Villeneuve-La-Garenne, north of Paris. The project is a 50/50 joint venture between Altarea-Cogedim and a fund managed by Orion.
-
PropertyEU Archive
Property looking cheap relative to other asset classes: API
Property markets in Europe have reached a turning point as the performance outlook continues to recover, largely driven by improving capital market conditions, and with the UK setting the trend for the rest of Europe, according to Aberdeen Property Investors (API).
-
PropertyEU Archive
Tashir invests $75m in Rio mall in Russia
Development company Tashir said it has opened a new shopping and entertainment centre in Belgorod, on the Russian border with Ukraine. The new 45,000 m[sup]2[/sup] complex, named The Rio mall, offers nearly 30,000 m[sup]2[/sup] of net leasable area and is anchored by a Nash food hypermarket. The company has invested ...
-
PropertyEU Archive
Unibail-Rodamco buys Le Sextant in Paris from CNP Assurances
Franco-Dutch listed property group Unibail-Rodamco has acquired Le Sextant office building in the 15th arrondissement of Paris from insurer CNP Assurances for an undisclosed amount. AEW Europe brokered the transaction on behalf of the seller.
-
PropertyEU Archive
Frey's Parla Natura retail park opens its doors in Madrid
French listed commercial property company Immobiliere Frey said that its Parla Natura sustainable retail park has opened its doors in the Spanish capital. With around 18,000 m[sup]2[/sup] of photovoltaic panels on its roof, the property represents the largest green retail asset developed so far in Spain, Frey said. The project ...
-
PropertyEU Archive
SLI buys West End office buildings for EUR 45m
UK property fund manager Standard Life Investments has purchased two properties in the West End of London on behalf of its Pooled Property Pension Fund. The leasehold interest of the properties - 42, 44-48 Wigmore Street and 5 Welbeck Street - was acquired from Minerva (City) for £40.75 mln (EUR ...
-
PropertyEU Archive
Ikea to invest EUR 106m in Russian mall
Sweden furniture manufacturer Ikea has unveiled plans to invest $155 mln (EUR 106 mln) in the development of a new shopping and entertainment centre in the Voronezh region of Russia, newspaper Kommersant has reported. The 176,000 m[sup]2[/sup] shopping centre will be built on a 100-hectare land site in the region's ...
-
PropertyEU Archive
Hannover Leasing buys office building from MAB
German property fund manager Hannover Leasing said it has acquired an office building in Amstelveen near Amsterdam in the Netherlands for one of its closed-end property funds. The transaction price amounts to around EUR 19 mln. The property was bought from Dutch property development company MAB Development.
-
PropertyEU Archive
German property professionals cautious on recovery: King Sturge
The King Sturge Real Estate Economy Index shows another increase of almost every climatic indicator for November. As with the October survey, the real estate experts polled are reticent in their assessment of the market situation because of the constant threat of more bad news.
-
PropertyEU Archive
SEB adds Frankfurt and Rotterdam properties to ImmoInvest portfolio
SEB Asset Management has added two development projects in Germany and the Netherlands to the assets of the SEB ImmoInvest fund. Following the addition of Werfthaus, which was built on the banks of the river Main in Frankfurt, and the Maastoren office tower in Rotterdam, the open-ended real estate fund ...
-
PropertyEU Archive
Private investor acquires Canary Wharf office property for EUR 230m
A private investor based in Bermuda has contracted to acquire the long leasehold interests in 5 Churchill Place on the Canary Wharf Estate in London for £208 mln (about EUR 230 mln).
-
PropertyEU Archive
Cushman & Wakefield predicts retail rental growth in 2011
Cushman & Wakefield is predicting that retail rental falls in most European markets should bottom out by mid-2010 although sustained rental growth is unlikely to be achieved until 2011.
-
PropertyEU Archive
Direct investment in UK property to reach EUR 25b in 2009: JLL
Jones Lang LaSalle has said it expects total direct investment in commercial real estate in the UK to total around £22 - £23 bn (EUR 24-25 bn) by the end of 2009. This is comparable with turnover in 2001 and would represent a 10% increase on last year's total of ...
