Latest reports – Page 3233
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PropertyEU Archive
KPP Retail's Galeria Victoria 75% leased
Developer Keen Property Partners Retail (KPP Retail) said its Galeria Victoria entertainment and retail centre in the Polish city of Walbrzych is almost 75% leased. The announcement was made during the 15th edition of the Mapic international retail real estate fair in Cannes, France.
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PropertyEU Archive
US company Cornerstone acquires Protego
Protego, the UK and continental European real estate investment management company, is being acquired by Cornerstone Real Estate Advisers, a wholly owned subsidiary of the Massachusetts Mutual Life Insurance Company (MassMutual).
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PropertyEU Archive
Mirland posts pre-tax loss of $17m in Q3
Russian property developer Mirland Development Corporation saw pre-tax losses narrow to $16.4 mln (EUR 11 mln) for the first nine months of 2009, compared to a loss of $37.1 mln in the same period a year before. Rental income dropped by 18% year-on-year to $11.1 mln in the first nine ...
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PropertyEU Archive
ECE's Hanover mall wins sustainability award
The Ernst-August-Galerie in Hanover developed by ECE was named the best sustainable retail property of the year at the Mapic retail real estate fair in Cannes, France.
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PropertyEU Archive
AFI receives new $150m loan for Moscow complex
Russian property builder AFI Development said it has received a refinancing loan for its Four Winds mixed-use building in Moscow from the Russian MDM Bank. The new loan, totaling $150 mln (EUR 101 mln), is to be repaid in the next eight years. AFI Development owns a 50% stake in ...
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PropertyEU Archive
RICS draws up 21st century governance model
The Royal Institute of Chartered Surveyors (RICS) has announced it is modernising its governance model to become a more effective and business-like professional body. In Europe the implementation of this new structure is well on track ensuring consistency across all countries as well as a better quality of services to ...
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PropertyEU Archive
French hypermarket anchors singled out as 'losers'
Hypermarket anchors in France are poised to become one of the losers of the current crisis in the retail sector, according to Henrike Waldburg, head of acquisitions and sales at German open-ended fund Union Investment. 'In the coming years, we will see a distinction between two types of retail concepts: ...
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PropertyEU Archive
LaSalle secures a new lease in Wandsworth
LaSalle Investment Management announced it has recently completed a seven-year lease on office accommodation in Jessica House, Red Lion Square, Wandsworth, on behalf of Pace Trustees.
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PropertyEU Archive
Two more hard years for retail occupier market: King Sturge
The European retail occupier market faces at least two more years of hardship, according to King Sturge's latest research on the sector. Noting that there are early signs of activity in European retail investment markets, the international broker warned the retail sector is 'seriously out of kilter' with any investment ...
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PropertyEU Archive
Eurohypo arranges EUR 380m financing for Telereal Trillium
German property lender Eurohypo has entered into a £340 mln (EUR 380 mln) financing with Telereal Trillium, secured against a portfolio of properties within Telereal Trillium's outsourcing contracts.
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PropertyEU Archive
Positive signs for large retail lot sizes: CBRE
Investment in European retail property reached EUR 5.1 bn in the third quarter of 2009, marking the end of the EUR 4.2 bn activity plateau reported in each of the three previous quarters. This brings total retail investment activity over the first nine months to EUR 13.7 bn - exactly ...
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PropertyEU Archive
C&W appoints new head of Russia
Global property adviser Cushman & Wakefield (C&W) has appointed Tim Millard as the new General Director of its 140-strong Moscow office, with effect from 1 January 2010. Millard, who has worked at C&W in Russia since 2003, will succeed Mark Stiles, the co-founder along with Sergey Riabokobylko of Stiles & ...
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PropertyEU Archive
Karl Steiner sells off French activities
Swiss property builder Karl Steiner has announced the sale of its French property arm, Karl Steiner France, to Financière Sainte Colombe, a real estate finance group based in Lyon. The financial details of the transaction were not disclosed.
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PropertyEU Archive
CBRE appoints new COO for the Nordics
CB Richard Ellis said it has appointed Morten Fossum to the position of Chief Operating Officer (COO) of its rapidly expanding Nordics business. The appointment represents another building block in the strategic development of the company's Nordics platform after the opening of a CBRE office in Helsinki, Finland in June.
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PropertyEU Archive
Retail is first choice for investors in Germany: Savills
The retail sector has dominated the property investment market in Germany this year, representing around 35% of transactions as investors remain encouraged by the stable consumer climate, according to property adviser Savills.
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PropertyEU Archive
Conygar acquires UK properties from administrator for EUR 50m
AIM-listed Conygar Investment has exchanged contracts to acquire a portfolio of seven freehold and long leasehold buildings in the UK from administration for a total consideration of £44.6 mln (EUR 50 mln). The portfolio generates an annual rent of approximately £4.41 mln, representing a net initial yield of 9.9%.
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PropertyEU Archive
Axa closes Immoselect fund amid liquidity problems
Axa Investment Managers Deutschland said on Thursday it had reimposed a ban on withdrawals from its Immoselect fund due to deepening liquidity problems. Since the fund reopened on 28 August after the previous redemption freeze, it has seen net average outflows of EUR 934.9 mln, Axa said.
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PropertyEU Archive
Atlas sells Slovakian assets to fund development
London-listed Atlas Estates has signed an agreement with Cyprus-headquartered Pottertry to sell its entire long-term investment assets throughout Slovakia. The portfolio consists of a 50% stake in three mixed-use developments in the country.
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PropertyEU Archive
Immoeast opens 170,000 m[sup]2[/sup] mall in Moscow
CEE property developer Immoeast opened its Golden Babylon Rostokino project - one of Europe's largest shopping and entertainment centres - this week. The Golden Babylon Rostokino scheme is expected to generate around EUR 100 mln per annum, and is located in Sviblovo, the most densely populated district in Moscow.
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PropertyEU Archive
B.Prime, CBRE to market 15,000 m[sup]2[/sup] at Lisbon's Parque das Nacoes
Property advisers B.Prime and CBRE have been appointed by France's Bouygues Immobilier to manage the marketing process for two office properties located at the Parque das Nações business park in Lisbon.
