Latest reports – Page 3252
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PropertyEU Archive
Trigranit to build EUR 1.5b complex in Bratislava
CEE property developer Trigranit has announced plans to develop one of Europe's largest entertainment, commercial and conference centres south of Bratislava, Slovakia. The Metropolis scheme will be developed in a joint venture with Harrah's Entertainment, one of the world's largest casino operators.
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PropertyEU Archive
Anglo Irish to offload EUR 1b real estate portfolio
Anglo Irish Bank is reportedly in discussions to sell a EUR 1 bn real estate portfolio to Green Properties, a company controlled by UK property entrepreneur Stephen Vernon.
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PropertyEU Archive
HIH buys 18,000 m[sup]2[/sup] Columbus Haus in Hamburg
A consortium of Tishman Speyer Properties, Lehman Brothers Real Estate Partners and Hamburg-based Quantum Immobilien has sold the Columbus Haus office complex in Hamburg's Hafen City to an institutional fund managed by German investor Hamburgische Immobilien Handlung (HIH). The financial details were not disclosed.
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PropertyEU Archive
Sal. Oppenheim scales down stake in Arcandor
The owners of private investment bank Sal. Oppenheim have cut their stake in the Arcandor group from 24.9% to 9.69%, Arcandor reported. The reduction means the bank has lost its status as biggest shareholder in the beleaguered retail and tourism group, which filed for insolvency earlier this year.
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PropertyEU Archive
Positive capital growth in UK limited by falling rents: IPD
The UK's commercial property markets delivered the largest monthly capital growth since June 2006, at 1.1%, according to the IPD UK Monthly Index. This increased pace of market acceleration brings third quarter growth to 1.2%.
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PropertyEU Archive
FdR to buy EUR 267m office portfolio at 7% yield
Fonciere des Regions (FdR) has returned to the acquisition trail with the all-share purchase of five prime office buildings in France for a total investment volume of EUR 267 mln. The deal, reflecting a net initial yield of 7%, is the first acquisition by the French listed investment company in ...
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PropertyEU Archive
European industrial investment down 50% in H1
Total direct industrial real estate investment volumes in Europe amounted to EUR 2.2 bn in the first half of 2009, reflecting a 45% fall on H2 2008 and a 50% fall on H1 2008, according to Jones Lang LaSalle’s latest European Industrial Markets Autumn 2009 report.
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PropertyEU Archive
Serdika Center celebrates topping-out
The construction of Serdika Center in Sofia, one of the biggest shopping and office centers in southeastern Europe, is on course. Construction workers and the planning staff celebrated the topping out on 8 October. 'Despite the current economic situation the construction works are in line with our schedule, which shows ...
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PropertyEU Archive
Kungsleden reacquires properties for EUR 51m
Listed Swedish property company Kungsleden said on Tuesday it is reacquiring five commercial properties in Sweden for an investment volume of SEK 525 mln (almost EUR 51 mln), before deferred tax. The vendor is Northern Logistic Property (NLP) of Norway and the price reflects an initial yield of 9.1%.
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PropertyEU Archive
Lack of prime product drives yields down in Paris
Prime office yields have started to come under pressure in Paris' CBD as a result of increasing demand for prime property in the third quarter of 2009, according to Nicolas Verdillon, CBRE's head of Capital Markets France. 'There are more buyers for core products than product itself, and the competition ...
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PropertyEU Archive
French investment market hits lowest level in 12 years: Colliers
Commercial property investment activity in France totalled EUR 2.4 bn in the first half of 2009, the lowest level in 12 years, according to a new research report issued by Colliers this week. The figure is nearly 70% down on 2008 volumes.
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PropertyEU Archive
Euro Ejendomme opens EUR 500m hotel fund to UK investors
German-Danish real estate investor Euro Ejendomme has opened its business hotel fund 'Euro Ejendomme SICAV-FIS Hotelfonds I' to UK investors. The fund invests in 2-4-star business hotels, mainly in Germany, though Switzerland and Austria are also possible locations.
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PropertyEU Archive
Immoeast relets 40,000 m[sup]2[/sup] in Hungary
CEE investor Immoeast has extended existing lease contracts for about 40,000 m[sup]2[/sup] in the Euro Business Park in Budapest. The lease conditions were signed at market standards, with an average maturity of five years.
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PropertyEU Archive
Barcelona hosts first Euro-Arab real estate conference
Real estate experts from the Arab world and Europe are to converge on Barcelona at the end of the month for the inaugural Euro-Arab Real Estate Conference. The event on 27-28 October is designed to explore investment opportunities and to build sustainable cooperation between the two regions in the property ...
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PropertyEU Archive
Bank rescue fund acquires 100% of Hypo Real Estate
The nationalisation of German real estate lender Hypo Real Estate was formalised on Tuesday when the Regional Court in Munich entered the transfer resolution for the squeeze-out of Hypo's minority shareholders into the Commercial Register.
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PropertyEU Archive
PEPR closes new EUR 48m loan with Helaba
Prologis European Properties (PEPR), Europe's largest owner of modern distribution facilities, announced on Tuesday that it has completed a new five-year secured bank loan facility for approximately EUR 48 mln with Landesbank Hessen-Thüringen ( Helaba). The German financier is a new lender for PEPR.
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PropertyEU Archive
British Land loses three senior members of retail division
UK REIT British Land has confirmed that Andrew Jones has tendered his resignation as executive director and head of retail. Jones will leave the company on 31 January 2010.
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PropertyEU Archive
Reyal Urbis hires JLL to sell property
Spanish cash-strapped property company Reyal Urbis has appointed Jones Lang LaSalle to manage the disposal of two properties worth a combined EUR 100 mln, according to sources close to the process. The assets consist of an office building in a secondary location as well as a business park near Madrid ...
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PropertyEU Archive
Madrid's office take-up to drop by 43% in 2009
Madrid's office take-up is forecast to drop by over 40% this year, its weakest point since the beginning of the 1990s, according to Jorge Sena, head of JLL's Spanish team.
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PropertyEU Archive
Kings Place in London scoops top UK office award
The Kings Place office development in London's King's Cross won two top prizes at the British Council for Offices's (BCO) annual awards ceremony held earlier this week in the UK capital. The development was named 'Best of the Best', the highest BCO Award accolade, as well as being voted Best ...
