Latest reports – Page 3228
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PropertyEU Archive
Vodafone to invest EUR 300m in new Milan HQ
International mobile phone operator Vodafone said it plans to invest around EUR 300 mln in the development of a new sustainable headquarters in Milan, northern Italy. The new complex, offering some 67,000 m[sup]2[/sup] of office space, will house the group's 3,000 workers that Vodafone currently employs in over 10 different ...
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PropertyEU Archive
Unite fund to raise EUR 165m ahead of new acquisition
Unite Group, the listed developer and manager of student accommodation in the UK, has announced that its Unite UK Student Accommodation Fund is in the final stages of raising £150 mln (EUR 165 mln) to fund the expansion of its portfolio.
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PropertyEU Archive
NY still most expensive retail market: CBRE
Prime retail rents began to stabilise in many markets across the world in Q3 2009, as economic and retail indicators started to show signs of greater stability and retailer confidence gained positive momentum.
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PropertyEU Archive
Hines Italia to grow AUM to over EUR 2b
The Italian fund management unit of US real estate developer Hines has unveiled plans to increase its assets under management to more than EUR 2 bn by mid-2010.
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PropertyEU Archive
Prologis leases 35,000 m[sup]2[/sup] space in Europe
Prologis said announced it signed new fourth-quarter lease agreements in Europe totalling 35,100 m[sup]2[/sup] of its development portfolio.
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PropertyEU Archive
Federal Development to launch 160,000 m[sup]2[/sup] project in France
US real estate builder Federal Development has been selected by the French public development agencies EpaMarne and Epic de Marne la Vallée to develop 160,000 m[sup]2[/sup] of commercial space as part of a large mixed-use project at the Cité Descartes site in Marne-la-Vallée, near Paris. The project will mostly consist ...
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PropertyEU Archive
Iberdrola rents out Oriente tower in Lisbon
The real estate arm of Spanish energy group Iberdrola said it has completely rented out the first tower of its Torres Colombo development project in Lisbon.
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News
Impact of Dubai shock still polarised - analyst reactions
GLOBAL – Concerns that Dubai World’s need to deleverage will place a downward pressure on global real estate prices are unfounded, according to Dan Fasulo, head of research at Real Capital Analytics. Yet officials at real estate specialists Hatfield Phillips disagree.
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News
FirstProperty to target UK pension funds
EUROPE – First Property is aiming to move back into the UK commercial real estate market, after concentrating for several years on Central and Eastern Europe (CEE), with the launch of a new vehicle for pension funds.
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News
Nordic real estate predicted to take a hit
NORDICS – Investments in the Nordic real estate markets are expected to deliver negative returns for 2009, according to a new report from Aberdeen Property Investors.
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News
Market downturn holds back funds growth
GLOBAL – More than 200 new unlisted real estate funds are estimated to have come to the market in 2009, but this represents a 73% reduction in the number of funds launched globally since the height of the market in 2007.
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News
CalPERS signs to infrastructure with long-term view
UNITED STATES - California Public Employees Retirement System has made a commitment of $300m (€201m) to Alinda Capital Partners’s Infrastructure Fund II, even though the value of its earlier investments have yet to reach their original capital value.
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News
SanFran C&C switches CMBS managers
UNITED STATES - San Francisco City and County Employees’ Retirement System has fired Brookfield Investment Management as one of its high-yield commercial mortgage-backed security managers, and handed the account to its other existing high-yield CMBS manager, Pyramis Global Advisors.
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PropertyEU Archive
Nomos-Bank buys PIK's $262m loan
London-listed Russian residential developer PIK has announced that Russian bank Nomos-Bank has bought its $262 mln (EUR 174 mln) loan from Vneshekonombank (VEB). PIK and Nomos-Bank said they plan to finalise restructuring terms by 15 January.
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PropertyEU Archive
Union Investment issues last call for Prime Property Award entries
Union Investment has issued a last call for entries to its Prime Property Award competition which recognises sustainable real estate investment in Europe. The deadline for entries is 15 December.
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PropertyEU Archive
Multi opens Forum Palermo
Multi Development has opened Forum Palermo, the first major retail project in the capital city of Sicily. The 65,000-m[sup]2[/sup] project with 124 units has been developed by Multi Development-C Italia and will be managed by Multi Mall Management Italy.
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PropertyEU Archive
Two Irish banks urge support for toxic property loan scheme
Bank of Ireland and Allied Irish Banks have urged their shareholders to back proposals to sell toxic real estate loans to Ireland's new bad bank scheme. The banks estimate they could receive a combined total of EUR 28 bn if the National Asset Management Scheme, or Nama, applies a discount ...
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PropertyEU Archive
Insurance company acquires Finnish mall for EUR 25m
Fennia Mutual Insurance Company has acquired Joensuu Shopping Centre in Finland from YIT Construction. The total value of the agreement is EUR 25.5 mln.
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PropertyEU Archive
Istil RE buys Kiev's Leipzig hotel for $35m
Istil Real Estate, the property development arm of Kiev-based Istil Group, has finalised the acquisition of Grand Plaza, the owner of the Leipzig historical building in central Kiev from Ukrainian company Gelegen. The acquisition price amounts to around $35 mln (EUR 23.5 mln), newspaper Kyiv Post has reported.
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PropertyEU Archive
Banco Sabadell buys private clinic for EUR 55m
Spanish lender Banco Sabadell has acquired the new Quiron Vizcaya private clinic in Bilbao, Northern Spain in a EUR 55 mln sale-and-leaseback agreement with Spanish healthcare operator Quiron Group. The financial institution said the property is earmarked for its Sabadell BS Inmobiliario FII real estate fund.
