Latest reports – Page 3232
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PropertyEU Archive
Ciloger finalises retail deal for EUR 115m
French fund manager Ciloger said it has completed the acquisition of 16 commercial assets located across France from an undisclosed seller. The transaction price amounts to EUR 115 mln. The properties, which are leased to Decathlon with nine-year rental agreements, were acquired by Ciloger for its Opportunite Placement Ciloger II ...
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PropertyEU Archive
Rockspring raises EUR 169m in first close of UK Value Fund
Rockspring Property Investment Managers has announced it raised £152 mln (EUR 169 mln) in the first close of Rockspring UK Value Fund, a closed-ended fund focused on opportunities arising from re-pricing across the UK commercial property sector.
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PropertyEU Archive
Orco seeks asset sales to avoid loan breaches
CEE property developer and investor Orco Property Group is seeking to sell a number of projects after reporting losses widened to EUR 259 mln in the first nine months of 2009. In its third-quarter financial statement posted on Friday, the company said it is 'in the process' of disposing of ...
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PropertyEU Archive
CBRE's sale-and-leaseback pipeline doubles in 2009
Corporate sale-and-leaseback transactions have maintained a prominent role in the European property investment market despite the downturn, according to a new report by CB Richard Ellis.
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PropertyEU Archive
Europ Invest to plough EUR 400m in new outlet projects
Belgian retail property company Europ Invest has unveiled plans to develop eight new retail outlet centres in Italy, Croatia, Greece and Morocco covering a total retail area of over 150,000 m[sup]2[/sup]. The company, headquartered in Maasmechelen, Belgium and with offices in Italy, expects total investment for the centres to amount ...
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PropertyEU Archive
ING RED, Apsys to build 42,000 m[sup]2[/sup] retail centre in Metz
ING Real Estate Development and Apsys have reached agreement with Saremm, the Metz Metropolitan land management company, on the development of a 42,500 m[sup]2[/sup] retail and leisure scheme in Metz, Northeastern France. The complex is part of the Quartier de l'Amphitheatre project, an inner-city regeneration covering an area of 38 ...
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PropertyEU Archive
Odyssey embarks on European hotel fund
Dutch asset management company Odyssey Fund Management has launched a fund for institutional investors to invest in European hotels. Odyssey European Hotel Fund invests in three and four-star hotels located in major and larger cities in Western European countries. The focus is on the Netherlands, Belgium, UK, Germany and Spain. ...
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PropertyEU Archive
Redevco opens new extension to Avenue Wilson mall
Redevco, one of Europe's leading real estate development companies, has announced the opening of the five new stores which make up the extension to its shopping centre on Avenue Wilson in Jemappes, Belgium.
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PropertyEU Archive
HSBC in talks with OPCI vehicle for sale of Paris HQ
UK banking giant HSBC has entered into exclusive negotiations with a subsidiary of an undisclosed French OPCI investment vehicle for the sale of its Paris headquarters. The lender said that it will continue to occupy the two buildings located at Champs Elysees should the sale be finalised.
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PropertyEU Archive
Beni Stabili buys Milan tower for EUR 23m
Italian property company Beni Stabili said it has signed an agreement to acquire the D tower of the Procaccini business park located in Via Messina, Milan, for a total of nearly EUR 23 mln, including transaction costs of EUR 3 mln. The transaction reflects a gross yield of around 7%.
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PropertyEU Archive
Christie + Co sells Paris hotel for private owner
Adviser Christie + Co has sold the freehold interest of the Marciano Lafayette Hotel in Paris on behalf of a private individual to Holiday Villa Hotels and Resorts, a division of Malaysian company Advance Synergy Berhad. The investment volume was not disclosed but the asking price was EUR 6 mln.
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PropertyEU Archive
BIG CEE starts construction of EUR 60m Serbian mall
Israeli group BIG Central European Estates is bringing the retail park concept to Serbia with the first of 10 new schemes now on site at Novi Sad, the country's second-largest city.
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PropertyEU Archive
Sparkassen sees property values plunge in CEE
Austrian listed property company Sparkassen Immobilien saw the value of its property portfolio lose some EUR 100 mln in the first nine months of the year as valuations were 'massively' impacted by the international economic and financial crisis. Total writedowns for the period rose to EUR 96.5 mln, from EUR ...
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PropertyEU Archive
Metrovacesa posts a loss of EUR 788m so far in 2009
Metrovacesa, Spain's largest property company by market value, saw its net loss widen to EUR 788 mln in the first nine months of the year, mostly as a result of heavy devaluations of its property portfolio. The figure compares to a loss of EUR 41.5 mln in the same period ...
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PropertyEU Archive
Banimmo poised to close 'significant' acquisition in Paris
Belgian listed property company Banimmo said it 'expects to finalise a significant acquisition in the retail segment in Paris', after raising over EUR 110 mln of fresh equity through real estate sales in the third quarter of 2009. The company, which in October sold the Mobistar headquarters in Brussels for ...
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PropertyEU Archive
Multi wins Best Developer Mapic 2009 Award
Multi Corporation has won the 'Mapic Best Developer Award 2009. Heino Vink, Managing Director of Multi Vastgoed accepted the award on behalf of Multi Corporation, saying: 'It is an honour to accept this, most prestigious award on behalf of all Multi people across Europe.'
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PropertyEU Archive
Hines closes EUR 900m Italian fund
The Italian fund management arm of US property company Hines has announced the first closing of its Italian Porta Nuova Varesine property fund, which will take control of EUR 900 mln worth of assets in the Italian city of Milan.
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PropertyEU Archive
Deadline looms for Mipim architectural awards
The organisers of the Mipim Architectural Review Future Project Awards 2010 have announced a final call for entries to the designers of tomorrow's iconic architecture to submit their projects for the 2010 competition.
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PropertyEU Archive
LaSalle completes 4th deal for pan-European mandate
LaSalle Investment Management has announced the purchase of Bexleyheath shopping centre in London. The acquisition is the latest on behalf of a pension fund client for whom LaSalle manages a pan-European mandate and takes total spending to nearly £400 mln (EUR 443 mln) in just 10 months.
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PropertyEU Archive
Retailers name Germany as top location for expansion
Germany has emerged as the number one target destination for retailers looking to expand their international presence in Europe, the Middle East and Africa in 2010, according to new research from CB Richard Ellis.
