Latest reports – Page 3240
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PropertyEU Archive
Urban&Civic buys former Alconbury Airfield
Urban&Civic has acquired the former Alconbury Airfield in Cambridgeshire, UK for £27.5 mln (EUR 30.8 mln). The property was commissioned as an American airbase during the Second World War and was declared surplus to requirements by the Ministry of Defence in March 1995. The existing estate comprises over 100 ...
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PropertyEU Archive
Urbas Guadahermosa to issue EUR 150m worth of bonds
Spanish property company Urbas Guadahermosa plans to issue EUR 150 mln in convertible bonds, increasing its share capital to EUR 240 mln.
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PropertyEU Archive
Acciona to sell Madrid office for EUR 100m
Spanish infrastructure group Acciona has reportedly entered into exclusive negotiations with pension fund La Mutualidad de la Abogacía (the Spanish private pension fund for lawyers) to sell two office buildings in Madrid for EUR 100 mln. According to a news report in Europroperty, the two buildings are located in Madrid's ...
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PropertyEU Archive
USS acquires Segro's Great Western park for EUR 123m
Segro announced on Friday that it has sold the Great Western Industrial Park in Southall, West London to the Universities Superannuation Scheme (USS) for £110.4 mln (EUR 123 mln). The investment volume reflects a net initial yield of 6.9%, which rises to over 7% once outstanding reviews are settled.
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PropertyEU Archive
Meag leases out 6,200 m[sup]2[/sup] in Paris
Meag, the global asset manager of Munich Re and Ergo, is leasing 6,200 m[sup]2[/sup] in its Paris Eight property to the international legal firm Norton Rose. The office building Paris Eight is situated at 40 Rue de Courcelles in Paris's 8th arrondissement (CBD). The lease agreement with Norton Rose is ...
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PropertyEU Archive
John Cartwright appointed CEO of Aref
The Association of Real Estate Funds (Aref) has announced the appointment of John Cartwright as its new CEO. Cartwright was previously head of Retail and Institutional Funds at real estate investment managers PRUPIM. He has a total of 35 years experience in property investment, including 20 years as a fund ...
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PropertyEU Archive
Market pulse: prime rents stabilising
Real estate investors have received a welcome boost with the news that prime office rental levels stabilised in the majority of European markets during the third quarter of 2009.
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PropertyEU Archive
Green shoots of recovery emerge in CEE: JLL
Rental levels are beginning to bottom out in most of the core Central and Eastern European markets and stability should return during 2010 once the supply and demand levels rebalance, according to Jones Lang LaSalle.
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PropertyEU Archive
Profile: Christian Delaire of AEW Europe
AEW CEO Christian Delaire has over EUR 2 bn burning in his pocket for investments in real estate. AEW Europe is one of the key equity players who are revving up their engines as they step up their search for affordable assets around Europe.
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PropertyEU Archive
Prologis refinances Polish assets with Austrian bank
Denver-based distribution facilities operator Prologis announced last week that it has reached an agreement with an unnamed bank based in Austria to provide a new EUR 41.4 mln financing to the Prologis European Properties Fund II (PEPF II).
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PropertyEU Archive
Valuations show 10% margin of error: RICS
The majority of valuations in the largest commercial property markets in Europe fell within 10% of sale prices in 2008 despite a year of growing market uncertainty, according to the RICS Valuation and Sale Price Report published in November.
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PropertyEU Archive
Swedish hotel group buys hotel in Gothenburg
Swedish hotel group Rasta has acquired a 9,000-m[sup]2[/sup] hotel with 200 rooms in Gothenburg from the Brandel family. The sales price came to SEK 240 mln (EUR 23 mln). The hotel is located in the centre of the city.
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PropertyEU Archive
London market gets welcome year-end boost
New requirements for London office space totalling almost 1 million sq ft (92,000 m2) have been launched in the last month by major corporates, according to a new report from Cushman & Wakefield. The new requests provide a further boost to the market which has just enjoyed its best quarter ...
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PropertyEU Archive
Prime real estate yields take a tumble in UK
Competition among investors for a limited supply of prime UK commercial real estate assets is leading to increasingly aggressive bidding. Prime yields fell 35 basis points in October to 6.58%, the largest monthly fall since at least 1993, Cushman & Wakefield said in its November Business Briefing on the UK ...
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PropertyEU Archive
Nexity's revenues from commercial division up by 61%
French construction and property group Nexity posted stable revenues of EUR 1.96 bn in the first nine months of the year, mostly driven by a 61% growth in its commercial property division, which reached EUR 370 mln so far this year. The increase in its commercial property activities compensated for ...
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PropertyEU Archive
CA Immo issues EUR 135m of bonds, opens first retail centre in Hungary
Austrian property company CA Immo is issuing at least EUR 135 mln in convertible bonds in a bid to boost its finances. The company said that the volume may be increased to EUR 150 mln if bookrunners, Deutsche Bank and UniCredit, exercise a greenshoe option to buy another EUR 15 ...
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PropertyEU Archive
PointPark Properties to open UK office
Bahrain-based Arcapita Bank's property arm PointPark Properties (P3) is opening an office in London. The move is in line with P3's international expansion plan. The logistics property developer and operator opened a branch in Frankfurt earlier this year.
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PropertyEU Archive
Allianz RE reportedly buys La Colisee for EUR 160m
German investor Allianz Real Estate Germany has reportedly acquired La Colisee office building in Paris' La Defense business district from Morgan Stanley's French listed real estate investment arm La Lucette.
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PropertyEU Archive
Warimpex prepares expansion drive - do not use yet
CEE hotel developer- investor Warimpex has positioned itself to acquire land plots and properties at bargain prices in the current downturn for future expansion.
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PropertyEU Archive
Rezidor, RHC to develop new 150-room hotel in Russia
Rezidor Hotel Group and Regional Hotel Chain (RHC) are teaming up to develop a new Park Inn hotel in Yaroslavl, Russia. The move is part of an agreement signed by the two business partners in March 2009 to develop at least 20 Park Inn hotels across the Russian Federation.
