Latest reports – Page 3226
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PropertyEU Archive
IGD Siiq's Bricchi mall opens its doors in Northern Italy
Italian listed commercial property company IGD Siiq has opened its Bricchi shopping centre in the Northern Italian city of Isola d'Asti. The mall, consisting of around 18,220 m[sup]2[/sup] of gross lettable space across 25 shops, represented an investment of EUR 45 mln for the Bologna-based property company. The scheme is ...
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PropertyEU Archive
Montea leases 4,070 m[sup]2[/sup] to Overseas in Paris
Belgian listed property company Montea has signed a nine-year rental agreement with logistics group Overseas Development Company for 4,070 m[sup]2[/sup] of storage and office space on the Roissy-en-France site in the north of Paris.
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PropertyEU Archive
Lips Capital Group sells logistics centre
Lips Capital Group has sold a 7,000 m[sup]2[/sup] logistics property in the Dutch town of Helmond to a local company. The property will be used as a storage and distribution centres.
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PropertyEU Archive
Nick Cooper resigns as CEO ING Real Estate Select
ING Real Estate Investment Management has announced that Nick Cooper, founder and CEO of its multi-manager business, ING Real Estate Select, has resigned and will leave the business at the end of December 2009.
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PropertyEU Archive
Colony and Orion acquire debt position in Inmobiliaria Colonia
Colony Capital and Orion Capital Managers have announced that funds managed by them have acquired Goldman Sachs' portion of the approximately EUR 4.2 bn syndicated loan in Inmobiliaria Colonial.
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PropertyEU Archive
Minerva sells London property to Standard Life
Minerva has announced the sale of its property located at 5 Welbeck Street, 42 Wigmore Street and 44-48 Wigmore Street, London W1 to Standard Life Investment Funds for a total of £40.75 mln (EUR 45.18 mln).
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PropertyEU Archive
CFO Corio to step down in April
Dutch retail specialist Corio has announced that Jan Haars will hand in his resignation as CFO during the General Shareholders' Meeting on 23 April 2010. Corio is looking to appoint a successor as soon as possible.
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PropertyEU Archive
Ca Immo builds office tower in Berlin
The CA Immo Group’s plans for the development of an urban district around the main railway station in Berlin are now taking shape, with CA Immo subsidiary Vivico set to build a 17-storey office tower. The building, which will serve as the German headquarters for French oil company Total, will ...
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PropertyEU Archive
Henderson UK Retail Warehouse Fund and USS seal £100m in deals
Henderson Global Investors' UK Retail Warehouse Fund has completed two transactions totalling more than £100 mln (EUR 110 mln) with Universities Superannuation Scheme (USS).
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PropertyEU Archive
UK sees real estate debt defaults double in H1: report
The value of UK commercial real estate debt in default or in breach of key lending agreements more than doubled to about £30 bn (EUR 33..15 bn) in the first six months of the year, according to a report in the Financial Times.
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PropertyEU Archive
Babis Vovos swings to loss of EUR 25m in Q3
Greek property company Babis Vovos said it has swung to a pre-tax loss of EUR 25 mln in the first nine months of 2009, from a profit of EUR 41 mln in the same period a year before. Earnings dropped to EUR 15 mln in the third quarter as a ...
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PropertyEU Archive
Brokers see 2009 investment volume reaching EUR 60-80b
The total volume of European real estate investment volume in 2009 will range between EUR 60-80 bn, according to a group of international brokers polled by PropertyEU.
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PropertyEU Archive
Orion closes fund above target at EUR 1.28b
Orion Capital Managers has announced the final closing of capital raising for its Orion European Real Estate Fund III. The total of EUR 1.28 bn in commitments is higher than the original equity target set by the fund manager.
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PropertyEU Archive
GPR 250 Europe Index falls marginally in November
European real estate stocks booked a small loss in November, with the GPR 250 Europe index falling 2.5% over the month. The only countries to report a gain over the period were Austria (6.9%), Norway (Norwegian Property; 1.8%) and Switserland (0.5%).
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PropertyEU Archive
Q-Park receives EUR 965m financing from bank consortium
A pan-European bank consortium is providing international car park firm Q-Park with a new corporate financing of EUR 965 mln. The consortium is led by ING Real Estate Finance as co-ordinator.
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PropertyEU Archive
WGF purchases German portfolio for EUR 100m
Düsseldorf-based investor WGF has acquired a major residential and commercial real estate portfolio in Germany for about EUR 100 mln. The company said it was the 8th largest German residential property transaction so far in 2009.
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PropertyEU Archive
Hines fund eyes EUR 200m of acquisitions in Europe
US property developer Hines is in the process of raising new equity for its EUR 500 mln European core property fund to finance an acquisition drive during the first half of 2010.
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PropertyEU Archive
Sparkassen opens EUR 55m Bratislava hotel
Sparkassen Immobilien opened its Austria Trend Hotel Bratislava at the end of November following 14 months of construction. The project, offering 200 rooms, will involve an investment of EUR 55 mln for the Vienna-based property developer.
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PropertyEU Archive
JM sells two nursing home projects in Stockholm
Swedish real estate developer JM has sold two senior housing projects in Stockholm to KPA, part of the Folksam Group, and Sockholm-based property company Diligentia. The total purchase price is SEK 209 mln (EUR 20 mln), the majority of which was received in November. The company said that it has ...
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PropertyEU Archive
Orco's financing talks with Colony Capital fall through
Troubled Central European developer Orco Property Group said that discussions with Colony Capital about a EUR 80 mln equity injection have terminated as Orco failed to secure a refinancing agreement with its banks. Orco started negotiating with the American investment company last April.
