Latest reports – Page 3254
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PropertyEU Archive
Zappile becomes interim CEO of Corenet Global
Corenet Global has announced the appointment of Ronald Zappile as interim CEO. Zappile was formerly president of United Technologies Realty. He retired from the position in February 2009.
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PropertyEU Archive
Orco raises stake in German unit, refinances a number of assets
Orco Property Group has reached agreement with a Morgan Stanley-managed investment vehicle to allow Orco to increase its share in its German unit.
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PropertyEU Archive
ICSC hails retail sustainability standard
Five European shopping centre have achieved the first ever pan-European sustainability standard endorsed by the International Council of Shopping Centers (ICSC), the global trade association of the shopping centre industry, in less than 12 months.
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PropertyEU Archive
Qataris become largest shareholder in Songbird
Qatar Holding has taken up its rights to 24% of the ordinary shares issued by Songbird Estates, the AIM-listed majority owner of the Canary Wharf business district in London. As a result of the rights take-up, Qatar Holding has emerged as the largest investor in Songbird Estates with total ...
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PropertyEU Archive
Jones Lang LaSalle signs new JV in Croatia
Jones Lang LaSalle has signed an alliance with Croatian property consultants, Viridis Edificium, to cover the capital markets, retail, office and industrial goods and valuation services.
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PropertyEU Archive
Investors favour extensions of non-listed funds - Inrev
Fund managers and investors are tending to opt for fund extensions in the current market when evaluating fund terminations, according to the latest study by the European Association for Investors in Non-Listed Real Estate Vehicles.
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PropertyEU Archive
Dutch developer CTP sees upturn in Czech market
The financial crisis has accelerated the movement of companies to locations in the Czech Republic due to the combination of lower costs and a highly skilled labour force, according to Remon Vos, CEO of Dutch commercial developer CTP Invest. On 19 October CTP will hand over a new 10,000 m[sup]2[/sup] ...
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PropertyEU Archive
Quintain sells stake in Meridian Delta Dome
Quintain has announced the disposal, with its joint venture partner Lend Lease Europe, of the entire share capital held in Meridian Delta Dome Ltd (MDDL) for £24 mln (EUR 26 mln) to Trinity College, Cambridge. Meridien Delta Dome is the holding company for the 999-year lease of the Millennium Dome.
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PropertyEU Archive
Aberdeen Property Investors 'ready to strike'
Aberdeen Property Investors is ready to capitalise on the current favourable market conditions for equity-rich players, Alessandro Bronda, head of investment strategy at the company, said in an interview at the EXPO REAL fair in Munich.
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PropertyEU Archive
Cross-border investment activity picking up again - Colliers
Austrian, British, Dutch and German investors in particular are becoming increasingly international in their acquisitions, accounting for a large proportion of activity in Central and Eastern Europe, according to the latest EMEA report from real estate consultant Colliers.
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PropertyEU Archive
Serdika Center in Sofia already 90% leased
The construction of one of the biggest shopping and office centers in Southeastern Europe, the Serdika Center in Sofia, is running at full speed, German developer ECE reported in a press release. More than 90 % of the rental area is already leased out, it added.
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PropertyEU Archive
TBWA renews Brussels lease
The advertising group TBWA has renewed the lease of its 2,200 m[sup]2[/sup] offices at the Avenue de la Couronne in Brussels. Tequila, which is part of TBWA, will move to the same address, taking up an area of 1,140 m[sup]2[/sup].
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PropertyEU Archive
Eastern European recovery will be 'uneven' - SEB
The recession has bottomed out in Eastern Europe, but recovery will be shaky and uneven, Swedish financial group SEB predicts in the October 2009 issue of its Eastern European Outlook. The main reasons for the fragile recovery are public-sector budget consolidation and the fact that credit tightening will ease only ...
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PropertyEU Archive
Multi's Espaco Guimaraes mall opening in November
Multi Development Portugal has announced that its Espaço Guimarães shopping centre in northern Portugal will open on 3 November. The EUR 140 mln project, comprising 41,000 m[sup]2[/sup] of GLA and a retail park of 7,000 m2, will be managed by Multi Mall Management. It was jointly developed by Multi Development ...
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PropertyEU Archive
MAB last bidder for Moers shopping centre
Dutch developer MAB Development is the last remaining bidder for the shopping centre at the Kö Royal Court in Moers, Thomas Daily reported on Friday. Thorsten Müller, spokesperson for mfi Management für Immobilien, which had been the competing bidder up to now, confirmed a report in the daily newspaper Neue ...
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PropertyEU Archive
Max Property finalises Industrious acquisition
Max Property Group, the UK real estate investment firm backed by entrepreneur Nick Leslau, said it has completed the acquisition of the Industrious portfolio from the receivers of the Industrious group for £227 mln (EUR 246 mln), including all acquisition costs. The purchase price is lower than stated earlier as ...
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PropertyEU Archive
'IVG chief Niesslein mulls capital raise'
German investor IVG is considering holding a capital raise to finance expansion, CEO Gerhard Niesslein said in an interview with Financial Times Deutschland at the EXPO REAL trade fair in Munich this week.
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PropertyEU Archive
Ex-Eurohypo director joins DIC supervisory board
German property investor and asset manager DIC Group said it has appointed Joachim Plesser to its supervisory board. Plesser, 62, was previously a member of the executive board of German bank Eurohypo.
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PropertyEU Archive
Orco secures financing for two Budapest projects
Orco Property Group has signed a contract with UniCredit Bank for the financing of two ongoing retail and office projects in Budapest - Váci1 and Paris Department Store, Eurobuild Poland reported. According to the contract the bank is to cover 75% of the investment value of the two projects.
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PropertyEU Archive
HSH Nordbank investigates 'irregularities' at London office
German property financier HSH Nordbank has called on the City of London Police to help it investigate possibly fraudulent business transactions at its office in London, the bank said in a statement. The transactions in question were carried in the period prior to, and including, 2006.
