Latest reports – Page 3243
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PropertyEU Archive
IGD acquires Sicilian mall for nearly EUR 100m
Listed Italian property company IGD Siiq has completed the purchase of 100% of the Katane shopping centre in Gravina, eastern Sicily, for a total investment of EUR 98.4 mln. The centre, which opened in May 2009, consists of a 15,000 m[sup]2[/sup] mall with 70 shops, as well as a 8,000 ...
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PropertyEU Archive
WestImmo supports Europa Capital/M7's partnership
German lender Westdeutsche ImmobilienBank (WestImmo) has agreed to support the roll out of Europa Capital and M7's Light Industrial Property Partnership (Lipp). WestImmo has initially provided funding for Lipp's first acquisitions of four industrial estates in Milton Keynes, Didcot, Basildon and Tewkesbury, for about £20 mln (EUR 22 mln).
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PropertyEU Archive
UK poised to become retail investment hotspot
The UK is poised to become a retail investment hotspot in the next few years at the expense of Central Europe, according to Alessandro Bronda, head of global investment strategy at Aberdeen Property Investors. Bronda aired the view at the PropertyNL retail conference in Amsterdam last week. PropertyNL is the ...
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PropertyEU Archive
Bouwfonds parking fund acquires 4th asset in Germany
Bouwfonds European Real Estate Parking Fund acquired another multi-storey car park in Germany from F&C REIT Asset Management. The carpark provides 860 places under the Friedensplatz in the heart of Bonn. The total transaction value is about EUR 13 mln.
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PropertyEU Archive
Italy's Aedes liquidates JV with Operae
Italian property developer Aedes Immobiliare has said that it is liquidating its non-strategic partnerships with Operae as part of its new 2009-2013 business plan aimed at re-launching the company's activities. The Milan-based firm said the initiative would bring EUR 11.5 mln into the company's coffers.
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PropertyEU Archive
UK shopping centre investment to exceed 2008: Savills
Savills has forecast shopping centre investment turnover in 2009 will exceed the £1.5 bn (EUR 1.6 bn) booked last year following a marked change in investor sentiment towards the sector, which has seen yields begin to harden in the third quarter of 2009.
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PropertyEU Archive
IT company buys Swiss property from Zublin
A subsidiary of IT company Optibase has acquired a fully let commercial property in Rümlang, Switzerland from Zublin Immobilien for about EUR 15.5 mln.
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PropertyEU Archive
Reyal Urbis to 'temporarily' freeze its development activities
Spanish property company Reyal Urbis is planning to 'temporarily' halt most of its development activities as part of a new debt refinancing proposal with creditor banks. In a statement last week to the Spanish stock market regulator CNMV, the company said that the measure is part of its strategy to ...
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PropertyEU Archive
SPS buys Jelmoli to create largest Swiss property company
Real estate investment company Swiss Prime Site (SPS) said it has acquired 96.05% of the share capital of peer Jelmoli Holding, creating Switzerland's largest listed property company by market value. Following the operation, Jelmoli's Walter Fust will resign from the board of directors with effect from 31 October 2009.
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PropertyEU Archive
Kempinski to build 150-room hotel in Vienna
A consortium of Porr Solutions, Warimpex, Vienna Insurance Group and Wien Holding has signed a letter of intent with the German luxury hotel operator Kempinski for the operation of the Palais Hansen building in the heart of Vienna. The property, which is being redeveloped and transformed into a new 150-room ...
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PropertyEU Archive
Sponda to build 22,000-m[sup]2[/sup] facility for Metso in Finland
Finnish property investor Sponda said it has signed an agreement with the international technology supplier Metso Automation for the development of a production facility near the Finnish city of Vantaa. The new building, with a floor area of some 22,000 m2, will be built next to the Honkatalo logistics centre ...
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PropertyEU Archive
Alstria sells EUR 93m office portfolio
Alstria office REIT has announced it is selling seven office assets for EUR 93.4 mln in the largest office portfolio deal in Germany so far this year. The identity of the buyer was not disclosed.
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PropertyEU Archive
Orascom buys 90% of Montenegro project
Orascom Development, a Swiss/Egyptian listed property group, has entered into an agreement with the Government of Montenegro to acquire a 90% stake in Lustica Development Podgorica, the developer of a 6.8 million m[sup]2[/sup] site in Tivat on the Mediterranean's Traste Bay. The State of Montenegro is retaining the remaining 10% ...
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PropertyEU Archive
Risk aversion remains across Europe: DTZ
Commercial real estate investors across Europe show little willingness to move up the risk curve, according to DTZ's latest European Quarterly report. Over the third quarter, commercial real estate investment activity remained focused on the main liquid and transparent markets of Western Europe.
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PropertyEU Archive
PointPark receives green light for Polish project
PointPark Properties has received the building permit for the development of two buildings comprising 66,000 m[sup]2[/sup] of space within its PointPark Mszczonow business park in Poland.
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PropertyEU Archive
Serbia's first outlet centre to open in 2010
Black Oak Development has appointed European outlet specialists, GVA Outlets, to manage, operate and lease the Belgrade Outlet Shopping Centre, the first outlet centre in Serbia.
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PropertyEU Archive
Liebrecht & Wood to build new outlet centres in Romania
Belgian property company Liebrecht & Wood has invested around EUR 30 mln to acquire 60 hectares of land across three locations in the surroundings of Bucharest. The company plans to develop new outlet and retail centres on the sites, newspaper Ziarul Financiar has reported, quoting Liebrecht & Wood's founder Johan ...
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PropertyEU Archive
Berlin office letting market most stable in Germany: NAI Apollo
The office letting market in Berlin has proven to be more stable than other leading German markets, according to NAI Apollo. So far this year the Berlin branch of the independent real estate consulting group has brokered 9,000 m[sup]2[/sup] of office space letting. About 50% of all mediated rental ...
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PropertyEU Archive
Prime rental levels stabilise in European office markets: JLL
Prime office rental levels stabilised in the majority of European markets in Q3 2009, according to the latest Jones Lang LaSalle European Office Clock
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PropertyEU Archive
C&W sees 'green shoots' as European investment jumps 53% in Q3
Green shoots of recovery are at last starting to appear in the European property market, with investment volumes jumping 53% in the third quarter to EUR 19.6 bn, yields stabilising and even the occupational market managing to show some more encouraging signs, at least of approaching stability, according to Cushman ...
