Latest reports – Page 3241
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PropertyEU Archive
EBRD mulls EUR 68m lending for development of Croatian mall
The European Bank for Reconstruction and Development (EBRD) is considering providing a EUR 68 mln long-term debt facility for the construction of a shopping mall in Split, Croatia.
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PropertyEU Archive
C&W appointed to manage River Loft in Budapest
Cushman & Wakefield has been appointed to manage the 5,700-m[sup]2[/sup] River Loft office building in Budapest's 13th district. River Loft is owned by the Investec GLL Global Special Opportunities Real Estate Fund, an investment company formed by Investec Bank and GLL Real Estate Partners.
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PropertyEU Archive
Grainger plans to raise EUR 265m
UK residential property group Grainger announced on Thursday that it is seeking to raise about £238 mln (EUR 265 mln) in a 2-for-1 rights issue. The issue price of 90 pence per share is a 67% discount on Wenesday's closing price.
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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.
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PropertyEU Archive
Quintain unveils EUR 204m rights issue
UK real estate group Quintain Estates and Development said on Thursday that it proposes to raise approximately £183 mln (EUR 204 mln) in a deeply discounted rights issue. The operation will involve the issue of 390 million shares at 49 pence per share. The price irepresents more than a 70% ...
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PropertyEU Archive
Future Capital raises EUR 72m for project in Montenegro
UK private equity group Future Capital Partners has raised a total of £65 mln (EUR 72 mln) from 38 clients for a new luxury real estate project in Montenegro. According to news website Portfolio Adviser, the £6 bn alternative investment boutique has temporarily closed its fundraising for the £150 mln ...
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PropertyEU Archive
Aberdeen completes lease agreement for 5,500m[sup]2[/sup] in Finland
Aberdeen Property Funds SICAV-FIS Pan-Nordic has completed a 5,500-m[sup]2[/sup] lease agreement with the IT company, Tieto, at a property located at Mattilanniemi 8, Jyväskylä, Finland. The fund has a value added profile and is aiming to provide excess returns to investors through active asset management.
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PropertyEU Archive
Catella fund carries out EUR 57m investments in Nordics
Catella's Focus Nordic Cities open-ended real estate fund has acquired two office buildings for a total investment volume of EUR 57 mln. In the larger of the two transactions, the fund purchased the 11,300-m[sup]2[/sup] Baltzar City in Malmo, Sweden for EUR 40 mln. The property which comprises office and retail ...
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PropertyEU Archive
WW Advisors appoints Jonathan Edmunds as director
WW Advisors, a UK-based real estate boutique providing specialised investment and financing advisory services throughout Europe, has appointed Jonathan Edmunds as director to originate, analyse and execute deals as the company continues to seek opportunities.
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PropertyEU Archive
Central European office markets set to outperform: CBRE
Several Central European (CE) office markets are well placed to show above-average occupational market performance in the short- to medium-term, not only compared to their Central and Eastern European (CEE) neighbours, but also compared to several EU-15 markets, according to CB Richard Ellis.
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PropertyEU Archive
Airport Industrial sells prime Heathrow industrial estate for EUR 18m
The Airport Industrial Property Unit Trust, managed by Scottish Widows Investment Partnership, has completed the disposal of Mereside Park, Shield Road, Bedfont to Royal London Asset Management. The transaction volume of £16.2 mln (EUR 18.1 mln) reflects a net initial yield of 6.78%.
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PropertyEU Archive
Luxembourg to offer buying opportunities in 2010: Savills
Luxembourg's office market will see some buying opportunities in 2010 as funds reassess their position, according to Savills. The market, which has seen a steep decline in office take up and a very small number of investment transactions, is set to return next year as GDP growth is forecast at ...
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PropertyEU Archive
British Land appoints two new executive directors
British Land announced on Wednesday that Stephen Smith has joined the company as executive director and chief investment officer. He is currently global head of Asset Management at AXA Real Estate Investment Managers.
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PropertyEU Archive
Multi drafts in Gloria Gaynor for Forum Palermo celebration
Disco icon Gloria Gaynor will perform live in Palermo later this month at the start of a week of celebrations leading up to the opening of Multi Development's Forum Palermo shopping centre.
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PropertyEU Archive
C&W appointed by Reckitt Benckiser for Warsaw HQ search
Reckitt Benckiser, a global consumer goods company, has selected Cushman & Wakefield to renegotiate the current lease agreement and relocation of the company's headquarters in Warsaw.
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PropertyEU Archive
TMW Pramerica buys Paris building for EUR 38m
TMW Pramerica Property Investment, the property arm of US financial institution Prudential Financial, has acquired a commercial building in the 13th arrondissement of Paris for around EUR 38 mln. In a statement this week, the Munich-based investor said that the asset was acquired from French project developer Bouyques Immobilier. The ...
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PropertyEU Archive
IBUS Company places UK retail fund
The IBUS company has finalised the placement of a fund which invests in four British high street retail properties. The shares in the fund were fully placed, with investors comprising a limited number of high net worth individuals and family offices. The invested capital amounts to around £13 mln. The ...
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PropertyEU Archive
Marrison becomes sole head of LaSalle's European business
LaSalle Investment Management announced on Wednesday that Simon Marrison is becoming sole head of LaSalle's business in Europe as European co-head Charles Maudsley is joining British Land.
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PropertyEU Archive
Schroder sells Italian logistics centre to Pramerica for EUR 27m
Schroder Property Investment Management Italy has announced the sale of a 32,000 m[sup]2[/sup] logistic centre in Basiano near Milan to TMW Pramerica Real Estate Investors. Schroder Italy Fund N1 has disposed of the newly-built property for a price of approximately EUR 26.8 mln, representing a gross yield of 7.87%.
