Latest reports – Page 3247
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PropertyEU Archive
Knight Frank advises McAfee on major letting in Cork
Global property consultant Knight Frank announced it has secured the largest office letting in the Irish city of Cork for several years on behalf of California-based antivirus software producer McAfee.
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PropertyEU Archive
Kopernik hands over Moscow properties to creditor bank
Russian property developer Kopernik Group has signed over the 37,800-m[sup]2[/sup] Severnoe Sianie business centre and the Na Krasnoy Presne office complex in Moscow to the privately-held Alfa-Bank as credit redemption. The Russian bank is now planning to sell the properties by public tender, according to a new market report ...
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PropertyEU Archive
VTB may use option to acquire majority of Sistema-Hals
Russian state-controlled bank VTB may exercise a call-option to buy a 31.5% stake in local real estate developer Sistema-Hals from Hals-Finance by the end of 2009, according to news website DW. The lender could exercise its option if Sistem-Hals parent company Sistema fails to repay a $2 bn loan by ...
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PropertyEU Archive
PEPR mulls capital raising
Euronext-listed Prologis European Properties (PEPR) has said it is considering undertaking a EUR 60m capital raising to provide Europe's largest owner of modern distribution facilities with an additional financial cushion to help it weather the difficulties in the real estate market.
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PropertyEU Archive
German funds help drive investment activity in Brussels
Investment activity increased four-fold in Brussels during the third quarter of this year compared to the previous three months, according to Savills. Foreign buyers, in particular German funds, re-entered the market but domestic investors still held a majority share.
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PropertyEU Archive
Citycon's Liljeholmstorget Galleria opens in Stockholm
Finnish shopping centre specialist Citycon opened the 28,000-m[sup]2[/sup] Liljeholmstorget Galleria shopping centre in the centre of Stockholm last week. The new shopping centre is almost fully let.
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PropertyEU Archive
Deutsche Bank pays EUR 100m for Bucharest's office building
The real estate division of German financial group Deutsche Bank has agreed to acquire Bucharest's highest office building, BOC, in a deal worth over EUR 100 mln, Romanian newspaper Ziarul Financiar reported.
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PropertyEU Archive
Private investor buys Land Secs HQ at 6.5%
A private investor has acquired the London office building that houses the headquarters of Land Securities for £44 mln (EUR 48 mln). The transaction volume represents an initial yield of 6.5%.
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PropertyEU Archive
Black Sea moves to delist Deutsche Land
Black Sea Global Properties, controlled by Romanian millionaire Dinu Patriciu, has said it is to proceed with the delisting of German investment company Deutsche Land from London's AIM junior market.
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PropertyEU Archive
Multi opens Forum Istanbul
Multi Corporation has announced Forum Istanbul will open on 17 November by laser-projecting the work of Turkey's 15 top living artists across Istanbul’s iconic buildings. Forum Istanbul is the largest shopping and entertainment centre in Europe.
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PropertyEU Archive
Jernhusen sells Stockholm WTC land for EUR 59m
Swedish property company Jernhusen, represented by international real estate advisor Savills, has sold its land site under Stockholm's World Trade Center to WTC leaseholder Alecta for EUR 59 mln. Jernhusen retains ownership of City Terminal, a part of the building, through a three-dimensional property regulation.
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PropertyEU Archive
Alstria completes EUR 80m debt refinancing
Hamburg-based Alstria office REIT has completed two debt financings of about EUR 80 mln, of which EUR 59 mln is being used to repay the company's main syndicated loan.
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PropertyEU Archive
Argo fund opens the Riviera Shopping City in Ukraine
Argo Real Estate Opportunities Fund has opened the first phase of Riviera Shopping City in Odessa, Ukraine. Riviera is a retail and entertainment shopping centre with a total leasable area of about 65,000 m[sup]2[/sup].
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PropertyEU Archive
C&W markets luxury hotel and resi project on London's Strand
Property adviser Cushman & Wakefield has been instructed by receivers at PricewaterhouseCoopers to market a luxury hotel and residential development on London's Stand. The minimum sale price has been fixed at £110 mln (EUR 121 mln) and bids have already been welcomed at or in excess of this figure.
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PropertyEU Archive
Cofinimmo closes EUR 100m bond public offering
Belgian real estate group Cofinimmo announced on Thursday that a EUR 100 mln bond issue was fully placed during the first day of inscription. The gross annual yield on the issue price stands at 4.54%.
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PropertyEU Archive
JLL to sell former Burberry HQ in London
Jones Lang LaSalle has been appointed by the Rock Group of Companies to sell the freehold interest of one of its trophy assets, 18-22 Haymarket in London, the former headquarters of UK luxury fashion brand Burberry.
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PropertyEU Archive
Rutley pulls the plug on Russian property fund - report
Rutley Capital Partners, the real estate private equity arm of Knight Frank London, has reportedly given up its plans to invest in Russian commercial real estate through its Rutley Russia Property Fund (RRPF).
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PropertyEU Archive
Swedbank creates new unit to deal with Baltic losses
Swedbank, Sweden's fourth-largest bank, said it has appointed Oskar Lundeberg to head a newly-created property arm which will manage defaulting assets across the Baltics.
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PropertyEU Archive
IVG raises EUR 72m in capital increase
IVG Immobilien announced on Wednesday that it had successfully placed 10 million ordinary bearer shares with qualified investors as part of an accelerated bookbuilding process. The shares are priced at EUR 7.20 each, generating gross proceeds of EUR 72 mln.
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PropertyEU Archive
Multi opens Espace Coruna
Multi Development has announced the opening of Espacio Coruña in northwestern Spain. The scheme in A Coruña, the second largest city in Gallica, involved an investment of EUR 120 mln and took three years to develop.
