Latest reports – Page 3244
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PropertyEU Archive
ULI members seek more public-private joint ventures
Long-term, solid relationships between the private and public sector are invaluable in securing investment into urban areas, according to a recent survey of the 2,300 European members of Urban Land Institute.
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PropertyEU Archive
DG HYP finances mixed-use building for Catella fund
German property lender DG HYP (Deutsche Genossenschafts-Hypothekenbank) said on Thursday it has provided a SEK 280 mln (EUR 27.4 mln) facility to Focus Nordic Cities, an open-ended real estate fund managed by Catella Real Estate. The loan will be used to finance Baltzar City, a retail and office building in ...
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PropertyEU Archive
Three more cities join ULI's Urban Investment Network
The cities of Amsterdam, Edinburgh and Istanbul have signed as founding members of the Urban Land Institute's Urban Investment Network, a new platform to improve public-private collaboration in urban investment and development. The announcement was made on Thursday at the first ever UIN summit at the Palau de Musica in ...
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PropertyEU Archive
Atrium opens extension at Volgograd Park House
Atrium European Real Estate has announced the opening of an extension to its Volgograd Park House shopping centre in Russia. The extension comprises an 11,800 m2, stand-alone retail box with 314 parking spaces, which is fully let to OBI, the leading German DIY company, under a 15-year lease agreement ...
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PropertyEU Archive
Carlyle signs 30,000 m[sup]2[/sup] of new lettings in the Nordics
US private equity firm Carlyle has announced the leasing of over 30,000 m[sup]2[/sup] of commercial space in the Nordic region. Carlyle said it has secured lettings of approximately 10,000 m[sup]2[/sup] in Denmark and 16,000 m[sup]2[/sup] in Finland, which will add to a further 6,000 m[sup]2[/sup] which had already been leased ...
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PropertyEU Archive
CBRE and JLL back in profit in Q3
CB Richard Ellis and Jones Lang LaSalle, the two largest global property advisers, have reported a return to profit in the third quarter of the year. Declines in revenues were in part compensated by the companies' extensive cost-cutting programmes.
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PropertyEU Archive
Plaza Centers halts EUR 2 bn pipeline in Romania
CEE real estate developer and investor Plaza Centers has frozen its developments in Romania, representing an investment of EUR 2 bn in the country, newspaper Ziarul Financiar has reported. Plaza Centers' head of Romania Luc Ronsmans told the paper that the company's eight projects in the country have been put ...
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PropertyEU Archive
Orco hires former Afi Europe director to head development unit
CEE property investor and developer Orco Property Group said it has appointed Ogi Jaksic to the position of Development Director for Central Europe. Jaksic's responsibility is to oversee the development activities of the group in that region with a focus on major development schemes.
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PropertyEU Archive
IVG to launch EUR 400m London recovery fund
IVG Immobilien, Germany's largest commercial property company, is launching a EUR 400 mln London Recovery fund to ride the wave of market growth predicted for the West End office market for the next years.
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PropertyEU Archive
Overseas investors take 82% of London office investment market in Q3
International investors dominated Central London office investment transactions in the third quarter of 2009, accounting for 82% of completed deals, according to new research from CB Richard Ellis. This is the largest quarterly share of cross-border investment in the Central London market on record.
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PropertyEU Archive
Heitman raises over EUR 500m for CEE property fund
US real estate investor Heitman has closed its fourth value-added property fund targeting Central and Eastern European commercial and residential property.
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PropertyEU Archive
BBVA puts EUR 122m London hotel on the market
The flagship Marconi building in London has reportedly received as many as 140 expressions of interest after its administrator PricewaterhouseCoopers (PWC) put it on the market last month with a price tag of EUR 122 mln.
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PropertyEU Archive
Terrace Hill agrees forward funding with Aviva for Sainsbury store
UK developer-investor Terrace Hill Group has completed a forward funding agreement with Aviva Investors Pensions for the development and sale of the 8,600 m[sup]2[/sup] Sainsbury's food store at its retail and leisure scheme at Tindale Crescent, Bishop Auckland, County Durham, UK.
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PropertyEU Archive
Outlet centres continue to buck recession across Europe
Outlet centre management across Europe report their centres are trading above expectations and above previous year's figures. The announcements were made at the International Council of Shopping Centers (ICSC) European Factory Outlet Conference, held for the first time this year in Milan, which has now grown to be the largest ...
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PropertyEU Archive
Echo Investment begins activity in Ukraine
Poland's Echo Investment said its first development in Ukraine will be a 100,000 m[sup]2[/sup] office park in the capital Kiev. The company has purchased 100% of the shares in Ukrainian company Yevrobudgarant for approximately $26 mln to acquire a property on Diehtiarivska street in Kiev for the project.
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PropertyEU Archive
Carlyle completes EUR 135m HQ in Madrid
Global private equity firm The Carlyle Group has announced the completion of the new headquarters for the National Registrars Association of Spain in Madrid. The 30,000 m[sup]2[/sup] building has been developed on a site that Carlyle acquired in a joint venture with Therus Invest in June 2006.
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PropertyEU Archive
LaSalle pumps EUR 400m into UK out-of-town retail assets
LaSalle Investment Management has spent £360 mln (almost EUR 400 mln) in the last 12 months as it pursues counter-cyclical investment in the UK out-of-town retail market. LaSalle accounted for 29% of all out-of-town retail acquisitions over the last 12 months including Borehamwood Shopping Park, Silverlink Retail Park in Newcastle ...
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PropertyEU Archive
Grosvenor tips London office recovery in 2010
Grosvenor Fund Management has predicted a sharp recovery in London office returns starting in 2010 and generating 12-13% per annum returns over five years. This follows capital value declines in excess of 45% since mid-2007. Rents are expected to increase by about 60% from their trough through 2011-2016, Grosvenor ...
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PropertyEU Archive
UBS lifts redemption ban on German fund
UBS has lifted the year-long freeze on redemptions from its German open-ended fund UBS 3 Kontinente due to its favourable liquidity position. Since the ban on investor withdrawals was lifted on 27 October, around EUR 10 mln has flowed out of the fund.
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PropertyEU Archive
Charities Property Fund buys B&Q warehouse in Worcestershire
The Charities Property Fund in the UK, advised by Cordea Savills, has completed the purchase of a B&Q warehouse in Redditch, Worcestershire for £16.3 mln (EUR 17.7 mln). The vendor was UK real estate investment manager Prupim.
