Latest reports – Page 3234
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PropertyEU Archive
Fashion House outlet in Gdansk opens second phase
Fashion House Outlet Centre Gdansk opened its second phase on Wednesday, which will add a further 50 outlet units by July 2010. The project will create a further 200 jobs and will consist of a built area of 10,000 m[sup]2[/sup] with a GLA of 7,200 m[sup]2[/sup]. This will bring the ...
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PropertyEU Archive
Menno Maas regrets split-up of ING Real Estate
Menno Maas, outgoing CEO of ING Real Estate Development, regrets that ING Real Estate's former business model which integrated development, asset management and finance has been abandoned. Nevertheless, he understands the reasoning behind ING's decision to integrate the development unit into ING bank and wholeheartedly supports the strategic review which ...
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PropertyEU Archive
LaSalle appoint Uwe Rempis head of asset management in Northern Europe
Uwe Rempis has been appointed head of Asset Management Northern Europe of LaSalle Investment Management. Uwe Rempis has been involved both in asset management and acquisition for a number of LaSalle's German and European funds in Northern Europe. Based in Munich Uwe reports to Insa von Jürgensonn, head of Portfolio ...
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PropertyEU Archive
Redevco to redevelop Korenmarkt in Ghent
Redevco Belgium is to redevelop 14,000 m[sup]2[/sup] of the complex located on Korenmarkt in Ghent. Part of the complex will be demolished and rebuilt, and the remaining parts thoroughly refurbished.
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PropertyEU Archive
Spanish retail pipeline to dip further in 2010: Savills
The Spanish property market has reacted quickly to the downturn by cutting retail development in 2009, property adviser Savills said at the Mapic retail real estate fair in Cannes.
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PropertyEU Archive
Shopping centre rents highest in Russia and UK: JLL
Russia and the UK command the highest prime shopping centre rents in Europe at EUR 2,000 per m[sup]2[/sup] per annum, according to new research released on Wednesday at Mapic by Jones Lang LaSalle.
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PropertyEU Archive
Multi opens Europe's largest mall in Istanbul
Multi Development has opened Forum Istanbul, the largest shopping centre in Europe and Multi's most ambitious project to date. The inauguration of the 175,000 m[sup]2[/sup] scheme at a special ceremony on Tuesday is the latest milestone in Multi's roll-out of 10 projects across Europe this autumn.
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PropertyEU Archive
Time-Hotels finalises acquisition of 9 hotels in France
Time-Hôtels, part of La Financiere Patrimoniale d'Investissement group, has completed the acquisition of Compagnie Générale Hôtelière, the owner of a portfolio of nine hotels in France, French business newspaper Business Immo has reported. The financial details of the transaction were not disclosed. The portfolio, which was sold by Sopalia Compagnie ...
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PropertyEU Archive
IGD's net profit drops 64% to EUR 15m
Italy's real estate investment trust IGD Siiq saw net profit drop by 64% in the first nine months of the year to EUR 15 mln from EUR 41 mln in the same period a year before.
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PropertyEU Archive
Adagio City opens first apartment hotel in Germany
Adagio City Aparthotel, a joint ventre between French hotel chain Accor and holiday group Pierre & Vacances, has opened an establishment in Berlin, its first in Germany. The hotel, located near the Kurfürstendamm high street, comprises 133 apartments.
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PropertyEU Archive
Jan Doets joins US industrial developer IDI as adviser
Jan Doets, a former chairman of ING Global Real Estate, has been recruited by US industrial property developer IDI as an adviser to the firm's investment management group. 'Jan Doets' experience as the former director of ING Global Real Estate from 1996 to 2005 provides extra depth to advise in ...
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PropertyEU Archive
Hines receives green light for development of Warsaw tower
The Polish office of US property developer Hines has started preliminary work for the project to build a 160-metre high tower on ul. Grzybowska in Warsaw. The firm told PropertyEU that it has been granted permission to begin construction and will now start demolition works on the site, while beginning ...
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PropertyEU Archive
Robert Bonwell named CEO of JLL's EMEA retail business
Jones Lang LaSalle has appointed Robert Bonwell to the newly created post of CEO of the broker's EMEA Retail Business. The move is part of a string of appointments designed to strengthen the EMEA management board and 'take advantage of opportunities as the region emerges from the recession', the company ...
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PropertyEU Archive
CEE retail markets in restructure and recovery mode: JLL
The five Central and Eastern European economies have been far from immune to the effects of the economic crisis, but they are expected to grow and gather momentum from 2010 onwards, according to the report 'CEE Retail in 3D' published by Jones Lang LaSalle at Mapic in Cannes.
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PropertyEU Archive
MPL opportunity fund takes stake in leisure facility
Fund manager Managing Partners Limited (MPL), through its British Property Opportunities Fund, has taken a substantial stake in the Rotunda Building, a prime leisure destination in the heart of Kingston-upon-Thames in the UK. The leisure complex attracts over 2.8 million visitors per year. The investment provided the fund with ...
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PropertyEU Archive
Outlets take off as general retail slows
Retail brands in Europe are increasingly introducing an outlet centre strategy or expanding in the sector as other retail markets are slowing down, according to GVA Outlets.
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PropertyEU Archive
MAB and Neinver announce joint venture at Mapic
MAB Development and the Spanish outlet operator Neinver have signed an agreement in principle at the Mapic retail trade fair in Cannes to cooperate on the development of factory outlet centres (FOCs) in France and Germany. The combination of Neinver's knowledge of management, concept design and leasing in FOCs and ...
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PropertyEU Archive
EDF takes over 10,000 m[sup]2[/sup] of office space in Carre Vert
Jones Lang LaSalle's Paris office said it has advised UK home and business energy supplier EDF on leasing 10,300 m[sup]2[/sup] of office space within Le Carre Vert office building at Levallois in the north-western suburbs of Paris.
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PropertyEU Archive
Realia swings to loss of EUR 43m
Spanish property company Realia swung to a net loss of EUR 43 mln in the first nine months of the year on the back of devaluations in its property portfolio. The company posted a profit of EUR 39 mln in the corresponding period a year before. Its turnover dropped by ...
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PropertyEU Archive
Union Investment reports 17% increase in AUM
German investment fund manager Union Investment said its assets under management (AUM) have increased 17% since the start of 2009, bringing total property fund assets to a new record of EUR 18 bn. Total assets in the four retail real estate funds and two institutional funds passed the EUR 18 ...
